Metallurgy news

• China PMI hits new high According to the Professional Committee of Steel and Logistics of China, the PMI in China's steel industry was 51% in November, up 0.3% from a month ago. The indicator has been recovering for two consecutive months, reaching its highest level in five months since May of this year. The demand in the... 04.12.2016  12:11

• Chile's copper production drops in October Chile produced 445.117 tons of copper in October, down 11.1% from the same period last year, according to Chilean government data released this week. The decline in output from Chile, the world's largest copper producer, is also due to a major mines cut in copper production and processing due to... 03.12.2016  17:43

• Indonesia ends anti-dumping investigation on stainless steel imports from five countries The Indonesian government announces that it has decided to end the anti-dumping investigation against the import of cold rolled stainless steel products from Malaysia, Korea, China, Singapore, Taiwan and Thailand. These countries should be exempted from the anti-dumping duty, the notification has... 03.12.2016  17:23

• Pipe factories raised prices for December Most pipe mills have long intended to raise prices to reflect the rising cost of materials. Pipe manufacturers have decided to adjust their pipe product prices for December. According to pipe manufacturers, the main reasons for the rise in prices for their products are the high cost of steel... 02.12.2016  10:11

• EU steelmakers call for competitiveness in the steel market Representatives of metallurgical organizations from Poland, the Czech Republic and Slovakia on Thursday asked their governments to take measures to maintain the competitiveness of the metallurgical sector. Measures should include the ability to protect the market from unfair imports, unsustainable... 02.12.2016  09:49

• China has created a new steel giant The company was formed after the merger of Baosteel Group and Wuhan Iron and Steel Corporation, and was named Baowu Steel Group. Fixed assets are estimated at $ 106 billion. The group employs 228 thousand people who can ensure the production of about 60 million tons of steel. This means that in... 02.12.2016  09:24

• Moody: the outlook for the European metals industry remains challenging Moody said in its report that the European auto industry, construction and capital goods will be the three main consumers of the steel industry. But steel demand is expected to rise by 1% on booming steel imports, which will gain a significant share of the steel market. With regard to trade... 01.12.2016  10:26

• India will be the new engine of global demand for raw materials Steel and iron ore demand in India will not follow the same fast upward trend that has characterized the growth of industrial production in China. After the Chinese economy has settled down to GDP growth of around 4-6 percent a year, India is the next major economic driver for global commodity... 01.12.2016  10:00

• Tata Steel intends to halve the capacity of the UK metallurgical plant India's Tata Steel and German steelmaker Thyssen Krupp are reportedly considering cutting UK steel production at Port Talbot. The largest steel mill in the United Kingdom provides about 4,000 jobs. Tata Steel merged with Thyssen Krupp to deal with overcapacity in the European steel industry, but... 30.11.2016  10:47

• Shell plans to sell oil fields in Iraq The Anglo-Dutch oil group is considering the sale of its shares in oil fields in Iraq, as part of a global divestiture program. Shell would like, however, to keep Iraqi gas assets in its portfolio. The program involves a $ 54 billion merger with BG Group, which forces Shell to seek savings.... 30.11.2016  10:28