Metallurgy news

• Posco increased its profits by 87% in the second quarter South Korea's largest steelmaker Posco is making good second-quarter profits, thanks to a rebound in its overseas steel business and an increase in sales of premium steel products. The company said its net profit for the April-June period rose 87.8 percent to 220.5 billion won ($ 193.9 million)... 22.07.2016  12:44

• US plans to maintain anti-dumping duty on pipe fittings The US government has decided that it will support existing anti-dumping duties on pipeline valve orders from China, Brazil, Japan and Thailand. The US International Trade Commission (ITC) in its final ruling said that the elimination of the current anti-dumping and countervailing duties on... 22.07.2016  12:19

• Vale may set new annual record for iron ore production Vale SA, the world's largest iron ore miner, said its second-quarter output exceeded analysts' expectations, keeping the likelihood of a new annual production record high. Iron ore output was 86.8 million tonnes, the Rio de Janeiro-based company said in a statement. Vale was expected to produce... 22.07.2016  11:47

• Heavy snowfall in Chile forces Anglo American to cut annual copper output Anglo American shares plunged when it lowered its annual copper output forecast due to heavy snowfall at the Los Bronces mine in Chile, and also saw a decline in production of almost all of its mining products. Anglo American said the annual copper output will be in the range of 570,000 to... 21.07.2016  12:12

• UK is ready to launch nuclear strikes The British Parliament this week approved the resumption of the country's strategic nuclear submarine fleet. After an hour-long debate, 472 parliamentary delegates voted for the costly £ 31bn (€ 37bn) program, while 117 deputies voted against it. New Prime Minister Theresa May named Russia and No... 21.07.2016  11:49

• World steel production in June 2016 World crude steel production in 66 countries reported by the World Steel Association (Worldsteel) in June 2016 amounted to 135.720 million tonnes, which is comparable to the same indicator of 135.669 million tonnes in June 2015. World crude steel production in the first six months of 2016 was 794.8... 21.07.2016  11:22

• Avdiivka coke-chemical plant switched to autonomous generation due to shelling The largest coke-chemical enterprise in Ukraine switched to autonomous energy generation after the last two high-voltage lines supplying the AKHZ were damaged as a result of shelling. At the moment, due to its own generation (two industrial generators in operation), the first and second coke shops... 20.07.2016  12:52

• Chinese output of base metals is growing even as production capacity is reduced During June, China increased the output of many base metals. The production of modern facilities has grown despite attempts to reduce the old smelting capacity. Copper and steel output rose to levels close to record highs for the month. Meanwhile, imports of copper and iron ore dropped... 20.07.2016  12:19

• Russian pig iron exports have slightly increased since the beginning of the year According to the updated data, the export of pig iron in the Russian Federation in the first four months of 2016 increased by 2% compared to a year earlier. The United States was the largest importer of Russian pig iron during this period. Russian pig iron exports totaled 389,263 tons in April... 20.07.2016  11:34

• Dneprospetsstal awarded the best metallurgists It is customary to reward people all over the world for good work. Dneprospetsstal is no exception. That is why on the eve of the professional holiday, the Day of Metallurgists, a solemn presentation of diplomas and gift certificates took place. The event was traditionally held in the conference... 20.07.2016  11:08