Metallurgy news

• 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

• European aluminum group calls for global forum on overcapacity European Aluminum is committed to creating a global forum for excess capacity with transparent data and monitoring tools. Ahead of next week's G20 summit in Hamburg, the group said the G20 must "address the current overcapacity situation in China, which is causing global imbalances in the... 30.06.2017  09:44

• China to ban coal imports in small ports from 1 July China will not allow coal imports in small ports from July 1, state-owned China Securities Times reported Wednesday. This is likely to delay fuel supplies during the summer and support further price increases. Coking coal futures in China rose nearly 8 percent on Thursday. The newspaper did not... 30.06.2017  09:18

• Russian imports of stainless steel rose in May In May 2017, Russian imports of stainless steel amounted to 30,979 tons, an increase of 5.1% over the previous month. The volume of imports of stainless steel products in May this year increased by 10.7% over the previous month; imports of stainless steel fittings increased 54.8% from the... 29.06.2017  12:44

• Steel consumption is growing in Iran Steel consumption in Iran has been increasing for two consecutive months and reached 3.42 million tons between March 21st and May 21st. The use of steel products increased by 22% compared to the same period last year. At the same time, Iranian crude steel production amounted to 3.53 million... 29.06.2017  12:43

• Interpipe underwent a hacker attack The Ukrainian industrial company INTERPIPE was subjected to a hacker attack carried out in Ukraine on June 27. A part of non-critical IT services suffered. Production and shipment of products is carried out in a regular mode. No equipment failures were recorded. The data on the company's servers... 29.06.2017  11:55

• Flat steel prices in Europe are going down According to MEPS International, after the decrease in pressure on steel imports from China, the activity of other Asian countries, especially India and Vietnam, as well as Turkey, is increasing. The attractiveness of imports increases as the euro strengthens against the dollar. In Germany and... 28.06.2017  11:13

• Russia may face problems due to lack of gas turbines for ships Next year, Russia may depend on external supplies of components needed to build gas turbines. Losses due to missing items can go into the millions of dollars. During the Soviet era, the production of gas turbines was concentrated on the territory of Ukraine. After the collapse of the USSR,... 28.06.2017  11:00