Metallurgy news

• NLMK Group announces 4Q and 2019 financial results NLMK Group announced financial results for the 4th quarter and 2019. NLMK Group CFO Shamil Kurmashov said: “The situation on the steel products markets in 2019 was quite difficult. In the second half of 2019, prices fell below the average cycle. The dive was so deep that we estimate that 80% of the ... 13.02.2020  10:32

• Competition Tribunal approves ArcelorMittal SA to acquire Highveld plant The South African Arbitration Tribunal unconditionally approved the acquisition by ArcelorMittal in South Africa of Highveld Structural Mill (Pty) Ltd, a subsidiary of Evraz Highveld Steel & Vanadium. The Commission's investigation showed that there would be no anti-competitive consequences as a... 13.02.2020  10:26

• DNEPROSPETSSTAL in January exceeded the plan for shipment to KPTs In January 2020, PJSC "DNEPROSPETSSTAL" delivered 14,149 tons of steel and produced 10,809 tons of rolled products. The total cost of commercial products manufactured in January 2020 amounted to UAH 522,422 thousand. (at current prices). In January 2020, it should be noted that the plan for... 12.02.2020  11:17

• India's steel sector hinders achievement of climate change goals India's heavy industry, especially steelmaking, is a sore spot in its climate action plans. Scientists warn that the booming sector could lead to the collapse of the country's sustainable development plans if the government fails to decarbonize it within the next 30 years. “Steel is one of the m... 12.02.2020  09:50

• EUROFER plans renewal on the EU steel pipe industry EUROFER announced that manufacturing activity in the EU steel pipe industry has stabilized at levels seen a year earlier in the third quarter of 2019, quite similar to the situation in the first half of last year. This further confirms that due to the lower share of large pipes in the EU product... 12.02.2020  09:26

• Steel Buyers Reduce Orders To China Due To Wuhan Coronavirus Last week there were fewer orders from South American countries to China due to the Wuhan coronavirus, especially for carbon steel coils and plates. While market participants worried that Chinese stove prices could face a drop in sales due to low readiness from buyers, there are still a few... 12.02.2020  09:10

• Brazilian slab exports fell in 2019 Brazilian slab maker Companhia Siderúrgica do Pecém (CSP) cut shipments year-on-year in December. Total exports also remained low throughout 2019. In December alone, shipments fell to 246,172 tons, which is 17.6% less than in the same period in 2018. However, this volume was 15.4% more than in N... 11.02.2020  10:26

• Chinese Baosteel maintains prices for March Baosteel, one of the leading steel producers in China, has announced a price hold for March. Baosteel raised its hot rolled coil price by 200 yuan per ton in January and 30 yuan per ton in February. Baosteel, hit by the coronavirus in Wuhan, decided to keep the price down and stabilize the... 11.02.2020  10:19

• India becomes Asia's largest scrap metal importer According to official statistics, India was the largest scrap metal importing country in Asia in 2019, with total annual imports of about 7.05 million tonnes, followed by South Korea (6.5 million tonnes), Vietnam (5.5 million tonnes). and Taiwan (3.5 million tons). For the first time in the last... 11.02.2020  10:13

• ArcelorMittal Reports Huge Q4 Losses Amid Challenging Market ArcelorMittal announced results for the three-month and twelve-month periods ended December 31, 2019 with a billion losses. ArcelorMittal noted that the annual losses were mainly due to difficult market conditions. Last year, the company received $ 2.4 billion in free cash flow. It ended in 2019... 11.02.2020  09:48