Metallurgy news

• Balance of use of iron ore and scrap metal by steel mills in China Morgan Stanley analysts said in a recent report that China uses less ferrous scrap in steel production due to low steel margins, which supports demand and prices for iron ore. “The price of iron ore remains high as steelmakers in China consume less scrap,” analysts say. "The profits of the sme... 28.01.1992  13:53

• World steel production increased by 4.6% in 2018 Global crude steel production reached 1,808.6 million tonnes in 2018, up 4.6% from 2017. Crude steel production increased in all regions in 2018, with the exception of the EU, which saw a 0.3% contraction. Asia produced 1,271.1 million tonnes of crude steel in 2018, 5.6% more than in 2017. Steel... 28.01.1992  13:48

• WTO may start research on Trump tariffs in China Tensions between the U.S. and China are becoming more complex as the World Trade Organization is poised to launch an investigation into President Donald Trump's $ 250 billion tariffs on Chinese goods. On Monday, the Geneva-based trade dispute arbiter is likely to launch an investigation into... 28.01.1992  12:46

• U.S. coal production declined in 2018 The EIA estimates that total U.S. coal production in 2018 was 755 million tonnes, down 20 million from 2017 and 36% less than in the previous decade. Coal prices rose in 2018 in three of the five major coal mining regions, especially in the Northern and Central Appalachians. Although US coal... 26.01.1992  14:18

• Rebar hit 12-week high on Shanghai Stock Exchange Construction steel futures in China rose 2 percent to a 12-week high on Friday, their best week since early December, as demand rebounded ahead of a week-long national holiday. Steel product inventories of Chinese traders as of January 25 rose 672,400 tonnes to 9.91 million tonnes, while rebar... 26.01.1992  14:14

• Ukraine in the world ranking of metallurgical production According to Worldsteel, for 12 months of 2018 Ukraine ranks 10th among 44 countries producing pig iron 20.56 million tons. Metallurgical enterprises of the countries of the world produced 1,323.12 million tons of pig iron, of which 1,239.02 million tons by blast furnace method and 84.10... 26.01.1992  12:08

• Interpipe modernizes the heat treatment department INTERPIPE, a Ukrainian manufacturer of seamless pipes and railway wheels, has completed an investment project to modernize the pipe heat treatment section in pipe-rolling shop No. 4. The cost of its implementation was USD 5 million. The modernization of this section will provide an opportunity... 25.01.1992  10:04

• Khorasan Steel sets new export record Khorasan Steel, one of Iran's largest producers, increased its exports by 67% year on year in the ten months to January 20 to 150,618 tonnes, already more than the total for the last full Iranian year. The steel mill aims to export 200,000 tonnes per year until March 20, 2019. In addition to its... 25.01.1992  09:59

• US steel production increased by 11.5% Year-to-date crude steel production in the country was 5.143 million tonnes for the week ended January 19, 2019. The average capacity utilization rate for this period was 80.0%. Production during this period increased by 10.5% over the previous year. The capacity utilization rate was also... 25.01.1992  09:54

• Interpipe NTRP completed the modernization of the thermal department worth $ 5 million In the pipe-rolling shop No. 4 of PJSC "Interpipe NTZ" an investment project for the modernization of the pipe heat treatment section has been completed. The cost of its implementation was USD 5 million. Modernization of the thermal department will allow to increase the volume of production of... 24.01.1992  14:03