Metallurgy news
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ArcelorMittal to supply steel for two cruise shipsArcelorMittal has signed a contract for the supply of steel to the STX shipyard in Saint-Nazaire, as the company is the preferred supplier. The two new ships will be built entirely of European steel: the hull plates supplied by the Spanish Gijon, while the decks are made at the Saint-Nazaire…
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Constellium opens new sheet metal line for the automotive industryConstellium, a global manufacturer of aluminum semi-finished products and rolled products, opens a new line in Neuf-Brisach. The new line will produce 100,000 tons of aluminum sheets annually, mainly for the automotive industry. During this decade, the production of aluminum car parts in Europe has…
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BHP: demand for coal and iron ore will slow after the end of the peak seasonBHP noted that coal and iron ore prices have recently risen sharply as China's economic transformation primarily affects the iron ore and coal markets. After traditionally strong demand in the winter season, prices for coal and iron ore are expected to weaken. BHP expects the Chinese government to…
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China's coal production drops 10.7% in January-OctoberCoal production in China fell 10.7 percent year on year to 2.74 billion tons in the first ten months of this year, data from the National Bureau of Statistics showed. In October, coal production fell 12 percent year on year to 280 million tonnes. Coal imports increased 55.3 percent year on year to…
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Bubley became president of UAVtorMetAccording to the Ukrainian Association of Secondary Metals, the place of the head of this organization will be taken by Vladimir Bubley, who is the director of Keramet. This association is the largest in the scrap collection industry in Ukraine. Previously, this honorary post was held by Vasily…
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Oil prices in the US are falling amid expectations of the Fed and OPECCrude oil prices on the New York Stock Exchange are declining in response to the overwhelming stance of the US Federal Reserve to raise interest rates. This led to the strengthening of the dollar, so that raw materials in other currencies will be more expensive. In addition, for the first time in…
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Fitch: Chinese Steel Exports Will Remain Strong Next YearAccording to analysts at Fitch Ratings, China's steel exports will remain at around 100 million tonnes next year. China's steel production this year may be similar to the past and next years. Steel exports will be supported by the low yuan exchange rate and cheaper raw materials. According to Fitch…
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EU anti-dumping policy disrupts the free marketProtecting the EU steel market in response to anti-competitive actions creates administrative interference with free trade. In the iron and steel industry, the European Union seems to be moving in the right direction, but the whole mechanism requires a significant revision. The imposition of duties…
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Yusco Increases Stainless Steel Prices In NovemberYieh United Steel Corp. (Yusco), the largest integrated stainless steel plant in Southeast Asia, announced a rise in domestic stainless steel product prices for November. At the same time, Yusco increases export prices by $ 80-100 /ton.
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Abu Dhabi to build a new aluminum rolling millDubal Holding and Singapore-based industrial group MARS have announced plans to invest US $ 120 million in the Abu Dhabi industrial zone to establish a new rolled aluminum production facility. The plant will produce 65,000 tons of aluminum coils per year. Production will begin in the third quarter…
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