Metallurgy news
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US weekly coal production hits 2017 highWeekly US coal production for the week ended Aug. 19 was 17.02 million tonnes, up 3.4% from the previous week and 12.3% from a year ago, according to data from the US Energy Information Administration. (EIA). It was the highest weekly estimate since the start of the year, and for the first time…
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Chinese scientists make breakthrough in ultra-high-strength steel technologyChinese scientists said they have developed a super steel that has high levels of strength and ductility. This breakthrough can have a wide variety of industrial applications. In addition, the cost of the new material is only one-fifth of the cost of steel used in modern aerospace and defense…
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Steel producer rating in July 2017According to the results for January-July 2017, global steel production amounted to 977.321 million tons, an increase of 4.6% compared to the same 7 months of 2016, when smelting amounted to 933.976 million tons, according to the World Steel Association. Top 12 best steel producers in July 2017, in…
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World steel production is growingWorld steel production from 67 countries reporting to the World Steel Association (Worldsteel) was 143.2 million tonnes in July 2017, up 6.3% from July 2016. Steel production in China in July 2017 amounted to 74.0 million tons, which is 10.3% more compared to July 2016. Japan produced 8.6 million…
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Auto concern Ford Motor Company will recall 37 thousand cars in ChinaThe automaker Ford plans to recall about 37 thousand vehicles from the Chinese car market due to a malfunction in the steering system. The Explorer range produced from November 2012 to June 2016 reportedly had a technical problem in the steering wheel. As it turned out, after prolonged taxiing at…
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Steel Companies Expected Exceptional Q3 ProfitsUOB expert Kay Hian Research predicts an exceptionally strong earnings season for steel companies in the third quarter (Q3) of this year. This is due to the continuing rise in steel prices during the month. “Assuming the costs of fundraising are reasonably controlled, some steel companies'…
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Poland wants to supply gas to UkrainePoland hopes to play more than its current role in securing gas supplies to Ukraine. However, for this to happen, investment is needed. Ukraine is trying to free itself from the dominance of Russian gas. Today, Ukraine has completely abandoned the purchase of raw materials from Russia, although…
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Tokyo Steel raises prices for the first time in 7 monthsTokyo Steel Manufacturing Co Ltd, a leading manufacturer in Japan, said it would raise steel product prices by 5.4 percent in September to reflect strong domestic and international demand as well as higher material costs. This was reported by the metallurgical portal STEELLAND . The company will…
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Slow growth in steel demand leads to lower capacity utilizationOne of the main reasons for the slow growth of the global steel industry during the recovery period is related to the excess volume of steel compared to the demand in the steel market. A multitude of factors are undermining the efforts to add new capacity by steel mills around the world. They…
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The United States sent to Ukraine the first shipment of coal at $ 113 per tonThe United States delivered the first consignment of coal to Ukraine under an agreement between the American company Xcoal Energy & Resources and Centerenergo, controlled by the Ukrainian authorities. This was announced on Facebook by the Ukrainian Embassy in the United States. Ambassador of…
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