Metallurgy news

• US DoC Completes New Currency Manipulation Rules The US Department of Commerce has finalized new rules to impose countervailing duties on countries believed to underestimate their currencies, which could lead to further duties on steel imports. The new currency rule clarifies how the Commerce Department will apply CVD duties to subsidies... 05.02.2020  12:23

• Total metallurgical production in Ukraine in January 2020 According to preliminary data, in January 2020, metallurgical enterprises of Ukraine produced: 1.70 million tonnes of pig iron, down 5.1% from January 2019, 1.80 million tonnes of steel, down 2.7% 1.63 million tons of rolled metal, which is 4 more than last year.... 04.02.2020  10:55

• Impact of the Wuhan coronavirus on the steel industry The Wuhan coronavirus outbreak has led to an extension of the Chinese New Year holidays and the imposition of transportation restrictions to contain the spread of the virus. Demand is usually weak during this period, but production continues as usual. Every day, lost activity in China could drop... 04.02.2020  10:27

• South Korean metallurgists restructure business in China South Korean steelmakers in China are restructuring their businesses to improve their profitability amid the global economic downturn and lower product prices. For example, Hyundai Steel plans to consolidate its service centers in Beijing and Tianjin to reduce headcount and apply the same... 04.02.2020  10:23

• France opposes Jingye acquisition of British Steel France threatens to block a bailout deal that will save British Steel from collapse. French Finance Minister Bruno Le Marais told Chancellor Sajid Javid that he was against the sale of British steel to the Chinese industrial company Jingye Group. Mr. Le Maire opposes the transfer of ownership of... 03.02.2020  09:38

• US steel production declined slightly American Iron and Steel Institute (AISI) statistics show that US steel production was about 1.92 million tonnes in the week ending January 25, and capacity utilization was 80.2%, down 0.5% from data. last week respectively. As of the week ending January 25, US steel production was 6.86 million... 03.02.2020  09:34

• Japanese Nippon Steel will reduce production capacity by 10% Japan's Nippon Steel Corp., the world's third-largest steel company, is set to cut about a tenth of its steel capacity, the Nikkei business newspaper reported, in an unprecedented move for the steel industry. Nippon Steel plans to close both blast furnaces at its Kure plant “within a few years” a... 03.02.2020  09:30

• EU steel consumption to recover in 2020 - EUROFER The European Steel Association EUROFER has published its Economic and Steel Outlook - Q1 2020 report with steel data up to Q3 2019. EUROFER CEO Axel Eggert said that “2019 was another challenging year for the steel sector: levels of steel consumption and imports, which compared to 2018, were still v... 31.01.2020  11:33

• Vietnam's metallurgical industry is forecast to grow 6-8% in 2020 Steel production in Vietnam will rise slightly, by about 6-8 percent this year, the VSA said. The association said there were signs of a slowdown in the global steel market last year and consumption was not expected to improve in the first quarter of this year. Crude steel is estimated at... 31.01.2020  11:30

• ArcelorMittal divested of Italian steel mill? According to Italian media reports, ArcelorMittal was supposed to replace the entire management of its subsidiary there, recalling the international team that had run the company since the acquisition of the steel mill in Taranto. Blast Furnace 2 was expected to explode three times in the factory... 31.01.2020  11:02