Metallurgy news

• Tata Steel UK signs retirement benefit agreement Tata Steel UK announced that it has signed filings to regulate a distribution agreement with the Trustee of the British Steel Pension System, offering more sustainable results for retirees, employees and businesses. As a result, the UK steel pension scheme will be spun off from Tata Steel UK and... 14.08.2017  11:25

• Metallurgy may be short of graphite electrodes According to Platts, in the near future, the steel industry may face a shortage of graphite electrodes used in electric arc furnaces and ladle furnaces. In fact, this absence could hit the entire metallurgical sector and beyond. Platts reports that China's electrode exports will be halved this... 14.08.2017  11:11

• EU introduces additional duties on steel from China The European Union has imposed temporary additional duties on steel products from China, this time for corrosion-resistant steel. The duty rate is 28.5 percent. This is another European Commission decision on subsidized Chinese steel that has flooded the European market. In May, the EU imposed... 14.08.2017  10:23

• Iron ore continues to rise in value Iron ore hit its highest price level in four months as steel prices rose again. The spot price for ore with a content of 62% iron rose 1.6% to $ 76.68 per tonne, leaving it at highs that have not been observed since April 6 this year. Ore with 65% iron content increased by 2.7% to $ 95.50 per... 13.08.2017  12:10

• Korean War Threat Causes Global Trade Difficulties If US President Donald Trump unleashes "fire and rage" in North Korea, it will cause a conflict in the flow of world trade. North Korea is an ant in the raw material world, as years of sanctions more or less isolate the country from international markets. But this is an ant surrounded by the... 13.08.2017  11:33

• Steel prices in China have risen Chinese steel prices are holding at four-year highs even as levels look tense, given the government's efforts to maintain stability ahead of the ruling party's meeting in the fall and long-term plans to cut production. “We see this as a bubble,” said Kirill Chuiko, strategist at BCS Global Mar... 11.08.2017  13:32

• Germany is in no hurry to part with coal Burning coal to generate electricity looks set to remain the backbone of Germany's energy supply for decades, in stark contrast to Chancellor Angela Merkel's ambitions to be a role model in the fight against climate change. Merkel is avoiding a sensitive coal phase-out in Europe's largest... 11.08.2017  13:06

• Vale struggles to find partners for nickel production in Indonesia Nickel producer Vale Indonesia says Indonesia's recent move to allow ore exports is helping to lower global metal prices and complicating efforts to forge partnerships for new investment in smelters. Miners around the world face persistent market weakness, thanks in part to efforts by Indonesia... 10.08.2017  11:38

• Uozhsich Balssun is no longer the head of the railways of Ukraine The head of Ukrzaliznytsia, rocker Pole Wojciech Balchun, has resigned. In this position, he worked for a year and a half and tried to reform the Ukrainian railway. The first to announce the resignation of Wojciech Balchun was not the head of Ukrzaliznytsia himself, but the Prime Minister of... 10.08.2017  11:29

• BHP Billiton Considers Autonomous Vessels Australian mining company BHP, which uses up to 1,500 ships a year to transport around 250 million tonnes of iron ore, copper and coal, wants to introduce new technologies within ten years. BHP Billiton is analyzing the effectiveness of the implementation of a fully automated vessel for... 10.08.2017  10:53