Metallurgy news

• Chinese steelmakers' profits rise as capacity cuts Chinese steelmakers saw profit growth during 2018, according to the industry association, as overcapacity in the sector shrank amid supply-side structural reform. China Metallurgical Association (CISA) data showed that the combined profit of its member businesses grew 63.54 percent year on year... 17.01.1992  08:52

• The Industrial Committee of Ukraine's BP approved an increase in the export duty for scrap metal to 58 euros per ton The Committee on Industrial Policy and Entrepreneurship unanimously supported the new "metallurgical law" initiated by the RPL, which will eliminate the shortage of raw materials for metallurgical plants and save jobs by raising the export duty on scrap from 42 to 58 euros per ton for 3 years. This... 16.01.1992  18:11

• Tata Steel decides to sell assets in Southeast Asia to the HeSteel group Steel giant Tata Steel has announced its decision to sell its southeast Asian steel assets under NatSteel Asia to the Chinese HeSteel group. Reports show that the company is already in talks with a Chinese firm to sell assets in three countries - Singapore, Thailand and Vietnam. It is not clear if... 16.01.1992  14:53

• ArcelorMittal Kryvyi Rih's investments grew to $ 443 million in a year ArcelorMittal Kryvyi Rih has summed up the results of the implementation of its investment program for 2018. Compared to 2017, capital and operating expenses increased by almost a third - from $ 337 to $ 443.4 million. Of these, $ 348.8 million are capital investments, and $ 94.6 million are... 16.01.1992  13:02

• Metals sector will remain robust in 2019 Steel demand will remain stable in 2019 amid increased investment in infrastructure amid continuing concerns that the impact of trade tensions on the world's largest steelmaker could shake the global market. “We are confident in China's steel industry given its huge market potential and the r... 16.01.1992  12:48

• India Steel Export Strategy Traditionally, Indian steelmakers export their products when or when it is difficult to sell more on the domestic market, or when the foreign market offers relatively higher sales. In the first case, it is known as an exportable surplus, and there is no conscious effort to create a permanent... 16.01.1992  09:40

• US audits steel importers for regulatory compliance Customs conducts regular import checks on all goods to establish import compliance levels. Compliance Measurement develops statistics for both “Letter of the Law” (LOL) and “Major Trade Discrepancies” (MTD) statistics. They cover a wide range of topics including classification, cost, labeling, sp... 15.01.1992  10:46

• China to focus on improving the structure of steel production In 2019, China's steel industry will shift its focus to optimizing capacity structure, including products, location and ownership in 2019, rather than reducing overall capacity, the head of the country's metallurgy association said on Monday. China is entering the fourth year of its supply chain... 15.01.1992  10:38

• Converting steelmaking gases to chemicals The German steel mill Thyssenkrupp has produced ammonia from steel gases and hails this breakthrough as another milestone in the Carbon2Chem project, which is funded by the Federal Ministry of Education and Research (BMBF). According to Thyssenkrupp, its latest news shows for the first time in... 15.01.1992  10:33

• "Zaporozhgneupor" completed the repair of the blast furnace significantly ahead of schedule Specialists of the service center (Mariupol) "Zaporozhgneupor" carried out routine repairs of blast furnace No. 2 of PJSC "Azovstal" in a short time. All the planned repairs were completed within 10 days with a standard of 14 days. The main task during the renovation of the blast furnace was the... 14.01.1992  16:59