Metallurgy news
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US steel production fell in JuneDespite a 1.7% drop in U.S. steel production in June, production rose 1.3% in the first half of 2017 after two years of decline. Higher prices are driving idle plant restarts, and Big River Steel's new plant in Arkansas continues to ramp up production.
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Worldsteel CEO on the outlook for global metallurgyGlobal steel production grew 4.5% year on year in the first six months of 2017 to 695 million tonnes. World Steel Association CEO Edwin Basson said the global steel capacity of around 2.4 billion tonnes is "already sufficient to meet supply requirements through 2035." Strong growth in steel demand…
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Black Iron evaluates the Shimanovskoye fieldThe Canadian iron ore exploration and development company Black Iron Inc, which is promoting its project for the production of iron ore concentrate at the Shimanovskoye deposit located in Krivoy Rog in Ukraine, intends to start a new phase after an economic assessment. A preliminary economic…
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POSCO Profit Jumps 44% In Q2 At Annual LevelSouth Korea's largest steel company, POSCO, said its operating profit for the April-June period rose 44.3 percent from the same period last year due to increased profits from steel sales. POSCO, the world's fifth-largest steelmaker, said its consolidated operating income rose to 979.1 billion won…
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World steel production in June increased by 3.2%World steel production for 67 countries reporting to the World Steel Association (Worldsteel) was 141.0 million tonnes in June 2017, up 3.2% from June 2016. World steel production in the first half of 2017 amounted to 836.0 million tonnes, which is 4.5% more compared to the same period in 2016…
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Swedish steel production increased in the first half of 2017According to the latest data published by the Swedish Steel Association Jernkontoret, Swedish steel production in June this year reached 372.4 thousand tons, down 7.5% from the same period last year and 0.6% over the previous year. month. At the same time, in the first half of this year, the volume…
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German steel industry maintains growth trend for 2017 - 2018According to RWI, one of the economic research institutes in Germany, the situation in the metal industry in Germany has improved over the past few months. In the first half of this year, crude steel production in Germany increased by 1.7% over the same period last year. The German economy is…
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MMK's crude steel production is growingMMK, a Russian steel group, reported that it increased sales and production of steel products in the second quarter and first half of 2017. In the second quarter, the company's crude steel production increased by 3.8% to 3.18 million tonnes compared to the same period last year. In the second…
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Trump's policy promotes the opening of one of Alcoa's plants in the United StatesAlcoa has decided to partially reopen Warrick's closed aluminum smelter. After the Trump administration announced plans to cut steel and aluminum imports, especially from China, aluminum prices in the US are on the rise. Alcoa has announced plans to reopen three aluminum production lines at…
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Rio Tinto iron ore export forecast for 2017Mining giant Rio Tinto this year has slashed its annual targets for the supply of Australian iron ore and coking coal for steelmaking, as well as bad weather and ongoing work to modernize its rail lines. In 2017, exports of iron ore from Australia's west coast are expected to be around 330 million…
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