Metallurgy news

• Mechel to supply China's Baosteel Resources with about 1 million tonnes of coking coal One of the leading Russian mining and metals companies says it has extended its cooperation agreement with Baosteel Resources, which is part of Baowu Steel, China's largest steel group. Mechel will supply Baosteel Resources with up to 960,000 tons of coking coal mined in South Yakutia. Coal is... 14.04.2017  11:07

• South Korea expands anti-dumping measures against stainless steel imports South Korea extends anti-dumping import duties on stainless steel long products for three countries. The South Korean government announced that, based on the results of the study, it decides not to cancel anti-dumping measures against the import of stainless steel bars from Japan, India and... 14.04.2017  10:52

• Gazprom signed a contract for the supply of gas to Slovakia Gazprom and the Slovakian gas transmission operator Eustream signed an agreement on gas transportation. The contract amount is 5.3 billion euros. The agreement is a framework agreement and will be valid until autumn 2050. In accordance with its provisions, gas will be transported through the... 14.04.2017  10:17

• ArcelorMittal invests in spring steel production in the Czech Republic ArcelorMittal plans to invest about $ 3.17 million in new production at its steel plant in the north-eastern region of the Czech Republic. The funds will be used for the production and reconstruction of spring steel in Ostrava. The redevelopment project will ensure the best performance of spring... 13.04.2017  11:24

• USA imposes 22.9% punitive tariffs on steel from German manufacturer SALZGITTER Germany's steel group SALZGITTER has confirmed that the US has imposed a 22.9% punitive import tariff on its heavy plate steel plates. SALZGITTER, the second largest German steelmaker, said it was forced to pay penalty tariffs as a result of anti-dumping procedures imposed by the US Department... 13.04.2017  10:55

• Strong rise in copper prices supported by data from China Copper on the London Metal Exchange has risen significantly in response to information on China's exports and imports. The metal on the LME for delivery in 3 months is measured at $ 5,691.00 a tonne after rising 1.1 percent, brokers told brokers. China has published very good export and import... 13.04.2017  10:31

• Dneprospetsstal: production results in March 2017 In March 2017, PJSC "Electrometallurgical Plant" Dneprospetsstal "named after A.N. Kuzmin ”delivered 21 616 tons of steel, which is 8.4% higher than the level of the previous month. During the same period, the Company produced 14,429 tons of rolled metal, which is 9.0% more than in February 2... 12.04.2017  16:44

• Iron ore poised to extend recession The fall in iron ore prices amid a bear market could herald further declines as refineries in China move away from low-grade ore. The 62 cent ore in Qingdao fell 1 percent to $ 74.71 a tonne, after falling 6.8 percent late last week. Earlier in Asia, futures on the Dalian Exchange dipped to... 12.04.2017  10:18

• In Peru, at the South Copper mine, miners decide to go on strike Union officials and southern copper mine managers in Peru were unable to reach an agreement to end the open-ended strike after a lengthy meeting Monday night, a union spokesman announced Tuesday. “The company disagreed with the union’s basic demand for a larger share of the profits,” said Raul Ur... 12.04.2017  09:46

• EU talks about the need to modernize the Ukrainian gas pipeline According to EU experts, Ukraine should start investing in gas pipelines. They are not really in the best condition. In addition, the system needs to be reorganized so that it can be used as efficiently as possible. The Ukrainian gas pipeline system is of great importance for ensuring the energy... 12.04.2017  09:09