Metallurgy news
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China's largest steel mill plans to expand capacityChina's largest steelmaker, which was created a year ago by merging two large steel mills, is trying to increase its total annual capacity from its current 60 million tons to 100 million tons, the CEO said. China Baowu Steel Group Corp's ambitious plan, currently ranked as the world's second…
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Iron ore can drop to $ 50Iron ore re-entered the downtrend after the publication of the largest weekly price loss in 16 months amid concerns that record demand in China could weaken as steel production cuts in winter are introduced and the economy could slow growth. This will mean lower demand for iron ore. Prices fell…
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ArcelorMittal bought five brand new BelAZ trucksPJSC ArcelorMittal Kryvyi Rih allocated UAH 141.3 million for the purchase of five new BelAZ trucks with a carrying capacity of 130 tons. In addition to the supply of the machines themselves, the contract also includes the supply of spare parts for them and maintenance. Automotive equipment for the…
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US steelmakers no longer count on Trump platform implementationSteelworkers from across the country have lashed out at Washington this week to ask their legislators: What's going on with the Trump Section 232 investigation? As a candidate, President Donald Trump spoke harshly about trade and told blue collars that he would bring jobs back to metallurgy. And…
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Sheet Metal Demand Forecast Suggests Sustainable RecoveryThe WSA expects global steel demand to grow 1.3% in 2017 after 1% growth in 2016. The cyclical growth in steel sheet demand is expected to be driven by the ongoing recovery in developed economies, coupled with faster growth in emerging economies. The United States is expected to drive growth in the…
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China pushes global steel production in AugustAccording to the World Steel Association (WSA) report released yesterday, global metallurgy rose in August on the back of increased production in China, the world's largest steel producer. Healthy gains in India and the United States also boosted production. Steel production in 67 responding…
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Steel production in Ukraine slightly increased in AugustCrude steel production in Ukraine in August 2017 amounted to 939 thousand tons, an increase of 0.5 percent compared to the same period in 2016. However, compared to July of this year, steel production decreased by 3.7 percent. During 8 months of 2017, 7 million 113 thousand tons of steel were…
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World steel production in August 2017World steel production for 67 countries representing the World Steel Association (worldsteel) was 143.6 million tonnes in August 2017, up 6.3% from August 2016. Steel production in China in August 2017 amounted to 74.6 million tons, which is 8.7% more compared to August 2016. Japan produced 8.7…
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Bad news for copper pricesCopper futures trading on New York's Comex market declined Thursday after signs emerged that the upper consumer market, China, would be fully stocked with concentrate in the fourth quarter. Copper for December delivery fell 1% to 2.92 pounds ($ 6,437 a tonne) in early afternoon trading. Earlier…
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Iron ore price limitsThe decline in iron ore prices over the past two weeks turned into a debacle on Thursday, as fears of a new proposal emerged, coupled with fears that Chinese steel production could peak. The North China Steel Index's benchmark 62% Fe ore fell 7.4% to $ 63 /t on Thursday, which is still at an…
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