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Daily Archives: January 24, 2018

Vietnam’s steel export in 2017 surgeby 34pct

Vietnam exported 3.75 million tonnes of steel in 2017, a year on year increase of 34%. According to the Vietnam Steel Association, the country’s steel output was 21.062 million tonnes, up 24.3 percent against the previous year. Domestic steel consumption ...

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Russian and Saudi energy ministers satisfied with oil market rebalancing

Russian energy ministry as saying that Russian Energy Minister Mr Alexander Novak met his Saudi counterpart Mr Khalid al-Falih in Oman, where they both expressed satisfaction with the way oil market has been rebalancing. “The market sees the efforts are ...

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US oil drillers cut rigs for 2nd week in three

US energy companies this week cut oil rigs for the second time in three weeks even though crude prices traded near their highest level since 2014. Drillers cut five oil rigs in the week to Jan. 19, bringing the total ...

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India: Steel ministry seeks removal of import duty for coking coal

Ahead of the Union Budget 2018- 19, the steel ministry has requested the finance ministry to consider a reducing import duty on coking coal from 2.5% to NIL. This move would reduce costs for the steel industry and help to ...

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Russian steel producers’ rally could prove fragile

Russian steelmakers ramped up production in 2017, making the most of rising prices and demand after a two-year sector downturn, though some analysts warned that dangers could be lurking around the corner. The country’s top two steelmakers NLMK and Evraz ...

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Tokyo Steel raises rebar and H Beam prices for February sales

Tokyo Steel Manufacturing Co Ltd , Japan’s top electric-arc furnace steelmaker, said that it will raise its product prices for a third straight month in February to reflect tight markets at home and abroad as well as rising transportation costs. ...

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Use of duplex stainless steel welded pipe

Now with the continuous development of the chemical industry in China, use of duplex stainless steel welded pipe is also increasing, the annual demand for Chinese duplex stainless steel tube in the rapid growth, and in the oil, urea and other industries ...

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