Metallurgy news

• ArcelorMittal increases profits The increase in the company's profits is accompanied by a decrease in income. ArcelorMittal's profit rose in the first three quarters, taking into account the net loss in the same period last year. Steel supplies in the first nine months of 2016 amounted to 63.9 million tons, which is 1.5... 09.11.2016  12:48

• Severstal replaces Russian steel with imports from China Russian Severstal has increased supplies to the EU market. Cheap steel will always find a way to enter the market. Recently, the Americans have agreed that some of the steel imports from Vietnam are indeed Chinese imports supplied through Vietnamese companies. Severstal sold Chinese steel on the... 09.11.2016  12:25

• Rolled steel producers increased prices amid surge in coking coal prices Since July, spot coking coal prices have increased from $ 90 per tonne to $ 279 per tonne. Coal contracts in the fourth quarter of 2016 were sealed at $ 200 per tonne, an increase of 116% over the third quarter. The cost of coking coal is 30-50% of the production value of steel producers who use... 08.11.2016  12:25

• India's steel production rises significantly in October Steel production jumped 14 percent to 8.25 million tonnes last month from a year earlier, the largest gain since August 2015. Imports were down 55 percent to 538,000 tons and consumption was down 1.4 percent to 7.11 million tons, according to the steel ministry. India is aiming to become the... 08.11.2016  12:12

• Chinese steel company plans to expand investment in Sierra Leone Shandong Steel Group plans to expand its investments in Sierra Leone by investing $ 700 million in the construction of processing plants. The chairman of the Chinese steel company said this during a visit to Sierra Leone. He assured the president of that country that the goal of the company in... 08.11.2016  11:59

• US adjusts anti-dumping duties on Korean OCTG imports The US Department of Commerce announced that it has adjusted downward anti-dumping duties on South Korean OCTG imports. On August 2, the International Trade Court (CIT) indicated that the dumping margin was not consistent with the end results. The current anti-dumping duty ranged from 9.89% -... 07.11.2016  12:26

• India Introduces Temporary Anti-Dumping Duties on Chinese Imports of Hot Rolled Steel In order to protect local steel mills by reducing imports of hot rolled steel imported from China, the Indian government announced that it will impose temporary anti-dumping duties on Chinese hot rolled steel from November 3 for six months. Indian steel mills have said Chinese manufacturers are... 07.11.2016  12:08

• Iran drills 8 offshore oil and gas wells in 6 months The National Iranian Drilling Company (NIDC) has drilled about 3,313 meters of offshore oil and gas wells using its own drilling fleet during the first half of the current Iranian fiscal year (started March 20). The company has drilled 8 offshore oil and gas wells within six months, the SHANA... 07.11.2016  12:00

• Research: Nord Stream 2 will make Germany an energy hub According to a joint study by Ewi Energy Research and the European Center for Energy and Resource Security (EUCERS), gas supplies to the EU will soon change dramatically as European gas production declines. The study says the EU has several options for the next 20 years to diversify its gas... 07.11.2016  11:38

• South Korea will provide state support to shipbuilding The South Korean government plans to spend KRW 11 trillion ($ 9.6 billion) by 2020 to help shipyards build 250 ships. This is a reaction to a sharp decline in new orders, down 87 percent, in the first nine months of 2016, the Commerce Department said. The three largest Korean shipyards Hyundai... 06.11.2016  11:49