Metallurgy news

• China and Germany agree to work on excess steel capacity German Chancellor Angela Merkel and Chinese President Xi Jinping discussed overcapacity in global steel markets and agreed on Saturday to work on solutions within the G20 group of industrialized countries, Merkel's spokeswoman said. In a phone call, the two recently re-elected leaders... 19.03.2018  10:06

• Cutting Steel Production Helps Chinese Mills Increase Profits Chinese steel companies have raised profit margins to 3,000 percent - a result of global price increases on the one hand and the closure of some of the oldest and least efficient factories on the other. According to Xinhua News Agency, 11 companies listed on the Chinese stock exchange announced... 18.03.2018  15:56

• Global stainless steel output recorded 6% growth in 2017 The International Stainless Steel Forum (ISSF) has released its 2017 annual production statistics. All regions of the world recorded an increase in production throughout the year. World production of stainless steel during the year increased by 5.8% and amounted to 48.1 million tons. In 2016,... 16.03.2018  12:40

• Green Energy will wait: Czech oligarch invests $ 1.2 billion in European coal Czech energy tycoon Pavel Tykach is willing to invest € 1 billion ($ 1.2 billion) of his own funds in aging coal and gas power plants across Europe. He is betting that polluting power generators will be needed for decades to complement green energy, which plays a large role in utilities from G... 16.03.2018  08:54

• Angela Merkel intends to discuss US tariffs on steel and aluminum German Chancellor Angela Merkel is holding talks for the first time between the European Union and the United States on steel and aluminum tariffs announced by President Donald Trump, but believes that if necessary, the European community should not fear countermeasures. The German government is... 15.03.2018  11:48

• Claims to Kobe Steel about inaccurate data on metal strength Kobe Steel announced that it has received a group statement from US customers alongside Toyota. They are demanding compensation for the use of materials with lower parameters in the production of cars than it was indicated in the manufacturer's declaration, Kyodo reported on Wednesday. Rolled... 15.03.2018  11:40

• China may drop US steel and aluminum tariffs China's overall exports are unlikely to be crushed by the recent US decision to impose tariffs on steel and aluminum imports, but there are concerns about further protectionist measures that could be damaging to global trade. Any additional measures from the US could hinder the Asian giant's... 15.03.2018  11:30

• Damage from Trump's tariffs for Ukraine will amount to more than $ 100 million a year In the past, Ukrainian metallurgists supplied to the United States about 1.3 million tons of pig iron and about 200 thousand tons of rolled products. The share of rolled steel amounted to 1.3% of the total export of Ukrainian metal products. It was a promising market where exports from Ukraine... 14.03.2018  10:19

• Russia and China will work on a joint project for the extraction of uranium On Monday, Rosatom announced that the Russian-Chinese Investment Fund for Regional Development will begin financing a project to extract uranium in the Trans-Baikal region in Russia. The project is located in the southeastern region of Transbaikalia and has a 998 km border with China and an 868... 14.03.2018  10:00

• EU threatens customs war not only from the US, but also with China The economic and investment environment led to an increase in the number of orders, which was followed by a rise in prices in the first quarter. In the second quarter, the situation will stabilize in price, also due to the announced amendments for some raw materials, says Marek Lolubovski,... 14.03.2018  09:50