Metallurgy news

• 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

• 2020 will be a milestone for the metals and mining industry It looks like 2020 will be a year of profound change for metallurgists and miners. The energy transition is the dominant driver of change and the industry is at the forefront of this story. To successfully reduce global fossil fuel consumption, the sector must be able to ensure an adequate and... 29.01.2020  10:47

• Consequences of coronavirus outbreak will lead to lower steel prices According to analysts at brokerage Jefferies, a temporary drop in steel production and demand in China due to the outbreak and related restrictions could lead to increased steel production elsewhere and increased inventories, which could lower global steel prices. Research by S&P Global Platts... 29.01.2020  10:13

• Ukraine is in the 10th place in the world rating of iron producers According to Worldsteel, in 2019, metallurgical enterprises of the countries of the world produced 1,355.59 million tons of pig iron, of which 1,265.52 million tons were smelted by the blast furnace method and 90.07 million tons by the direct reduction method. This is 2.27% higher than the figure... 29.01.2020  09:57

• Argentina welcomes US decision not to impose steel tariffs Argentina welcomed the US decision not to impose tariffs on steel and aluminum in the South American country, which President Donald Trump threatened in December. “The list of countries to be sanctioned has been made public, but Argentina is missing,” Foreign Minister Felipe Sola said in an int... 28.01.2020  12:25

• China is taking serious steps to reduce excess capacity The Ministry of Industry and Information Technology said China has taken major steps to eliminate excess capacity since 2016, cutting steel production by more than 150 million tons. Over the past four years, more than 140 million tons of substandard steel capacity has also been eliminated, said... 28.01.2020  12:10

• Turkish steel exports to US and EU fell in 2019 due to tariff increases Steel exports from Turkey to the US and European Union (EU) markets between January and November 2019 fell by almost 2.7 million tonnes from levels recorded a year earlier due to additional protective tariffs imposed by Washington and the bloc. Total exports of the Turkish steel industry to the... 28.01.2020  09:41

• India and US to resolve dispute over steel import duty India and the United States have agreed to peacefully resolve a dispute over US import duties on some Indian steel products, in which Washington is not yet fully compliant with WTO decisions. According to the WTO, the two countries continue to conduct good faith discussions in search of a positive... 27.01.2020  09:39

• Moody's revises TMK rating outlook from stable to positive Moody's Investors Service has affirmed the rating of one of the world's largest producers of steel pipes for the oil and gas industry. At the same time, Moody's affirmed the B1 rating of senior unsecured bonds issued by TMK Capital SA, a subsidiary of TMK. The rating outlook changed from stable to... 27.01.2020  09:32

• Turkish Cengiz confirms interest in acquisition of British company Turkish conglomerate Cengiz said on Sunday that it is ready to bid for British Steel if the deal with China's Jingye fails. Cengiz Holding CEO Omer Mafa stated that “British Steel is an important asset and we are following developments closely and are ready to place our bet on all of British S... 27.01.2020  09:24