Metallurgy news

• China closed induction furnaces By the end of June, China had completed the elimination of old induction furnaces at its smelters. The problem affected more than one and a half thousand companies throughout China and furnaces with a total capacity of 119 million tons. This power has long been used only to a small... 05.07.2017  12:55

• Auto parts manufacturer Takata changes ownership The Japanese company Takata, with manufacturing facilities on four continents, has sold most of its factories. This should play a major role in protecting against creditors in the US and Japan. The new owner promises that no one will lose their job. Defective gas generators in Takata airbags... 04.07.2017  13:37

• Trump's first defeat in climate policy The Court of Appeal on Monday blocked the decision of the administration of US President Donald Trump to suspend the restrictions imposed by President Barack Obama on methane emissions from oil and natural gas production, The Hill reported. "The Obama Directive 2016 was part of a strategy to... 04.07.2017  12:37

• LME copper surges 5.1 percent in June Goldman Sachs analysts believe that in the short term, copper prices on the London Metal Exchange could rise to $ 6,200 per tonne, an increase of 4 percent, thanks in part to the loose monetary policy of the central bank of China. Good news for the raw materials market at the beginning of the... 04.07.2017  10:27

• Trump vows to secure American energy dominance US President Trump, during a speech at the Energy Department headquarters, announced a number of energy sector measures, including efforts by the US nuclear power industry to ensure expansion of US coal exports as well as the construction of new coal facilities overseas. Trump said his... 03.07.2017  12:10

• China's Manufacturing Sector Returns To Growth Mode In June China steel futures climbed to their highest level since March on Monday, confirming strong demand from the world's largest producer amid data suggesting a recovery in manufacturing activity in China. China's manufacturing sector returned to growth mode again in June, at its fastest pace in... 03.07.2017  11:26

• India aims to achieve 300 million tonnes of steel production Following the introduction of policies to expand the Indian steel sector, many steps are planned to reach the 300 million tonne target, Steel Minister Choudhary Birender Singh said. While urging steelmakers to meet the ambitious target, the minister also said he has turned to the Indian coal... 03.07.2017  10:43

• Steel exports from China will drop to 50 million tons in 2018 China's steel exports may fall to 50 million tons next year, while the previous forecast was at 60-80 million tons. Exports will drop to 50-60 million tons in 2018. That being said, China's steel exports fell to 108.5 million tonnes in 2016, with an export volume of 82 million tonnes in the... 02.07.2017  12:42

• Trump Demands G20 Impact on Steel Market US President Donald Trump, under the pretext of the national security significance of the US steel industry, is about to demand from the leaders of the twenty to reduce the activity of overcapacity and other distortions in the global steel market, White House economic adviser Gary Cohn said on... 02.07.2017  12:27

• US to sell $ 1.42 billion worth of arms to Taiwan The State Department has notified Congress of its intention to sell weapons to Taiwan. According to the Chinese ambassador to the United States, this is contrary to the spirit of the Sea-Trump agreement. The administration has formally notified Congress of seven arms sales contracts to maintain... 30.06.2017  10:11