Metallurgy news

• Indian steel production rises 4.5% in April-May The Indian steel sector has grown rapidly over the past few years and is now the third largest steel producer worldwide, contributing approximately 2% of the country's GDP. India produced 16.391 million tonnes of crude steel in the first two months since the start of the new fiscal year, up 4.5%... 08.06.2017  11:44

• Physical volumes of export of pig iron from Ukraine for 5 months decreased by 12.5 percent In January-May 2017, Ukraine reduced the export of pig iron in physical terms by 12.5 percent compared to the same period last year (APPG) - to 737.389 thousand tons. According to customs statistics released by the State Fiscal Service of Ukraine, during the specified period, the export of pig... 08.06.2017  11:43

• Egypt introduces duties on rebar from Ukraine, China and Turkey Egypt has imposed temporary tariffs on rebar from Ukraine, China and Turkey to protect local producers suffering from cheap imports, the Commerce Department said. The tariff will be set at 17 percent for Chinese steel, 10-19 percent for Turkey for steel, and 15-27 percent for Ukrainian... 08.06.2017  11:19

• Commodity prices fell to 50-year lows against US stocks The Dow Jones, S&P 500 and Nasdaq indices closed at all-time highs last week, despite indications that US job growth is slowing and that the expansion of the world's largest economy is stuck at around 1%. Unlike stock indices, all commodities are still flat in 2017, although prices for energy,... 07.06.2017  12:30

• The largest steelmaker is experiencing a shortage of reinforcing steel “The elimination of some induction furnaces has indeed led to a shortage of rebar in China,” said Xu Huimin, an analyst at Huatai Futures Co. in Shanghai. There are signs of a potential shortage of nationwide rebar stocks, although analysts say this trend could reverse as other manufacturers inc... 07.06.2017  12:11

• Single gas market of Poland and Ukraine The Poland-Ukraine gas pipeline should be created as soon as possible, since a single gas market and a gas hub are a strategic goal of the Polish and Ukrainian states. Thanks to the Polish PGNiG's investments in Ukraine, gas will be able to flow from all directions. The planned merger of the... 07.06.2017  11:52

• Ilva will join the consortium ArcelorMittal and Marcegaglia Italian Industry Minister Carlo Calenda selected the consortium of ArcelorMit5tal and Marcegaglia as the buyer, which offered 1.8 billion euros for the acquisition of the Italian steel mill ILVA (Ilva) in Taranto. In addition to the purchase price, the consortium announced an investment of € 2.3 ... 06.06.2017  14:42

• India is the world's second largest producer of stainless steel India overtook Japan to become the world's second largest stainless steel producer. The first is, of course, China. India produced 3.324 million tonnes of stainless steel last year, while Japan produced 3.093 million tonnes, according to the International Steel Stainless Forum. A year earlier,... 06.06.2017  14:28

• Russian wheat prices are growing amid negative forecasts Russian wheat export prices are rising for the third straight week amid persistent concerns over wheat harvests in Russia and Ukraine this summer, analysts say. Last week, the Ministry of Agriculture of the Russian Federation lowered the forecast for the grain harvest for 2017 in Russia to... 06.06.2017  14:19

• USA imposes duties on seamless pipes from 6 countries According to the US Department of Commerce, preliminary anti-dumping and countervailing investigations have been carried out on the import of seamless pipes damaging the domestic industry from China, Germany, India, Italy, South Korea and Switzerland. Among them, anti-dumping duties for China... 05.06.2017  11:33