Metallurgy news

• JSC "YUGOK" slightly increased the production of iron ore concentrate In January 2020, the volume of production of iron ore concentrate amounted to 986.4 thousand tons. This is 21.3 thousand tons or 2.2% more than in December 2019. However, compared to January 2019, the concentrate output decreased by 10.5%. No agglomerate was produced. Yuzhny Mining and... 05.02.2020  14:16

• Union will fight for a good deal on the sale of the Thyssenkrupp division Thyssenkrupp plans to sell its elevator division, which is valued at more than 15 billion euros. Any buyer will have to enter into an agreement with IG Metall, Germany's most influential trade union, as part of the acquisition. But workers in Thyssenkrupp's elevator division will be pushing to... 05.02.2020  12:41

• SAIL Records 35% Sales Growth In January 2020 The Steel Authority of India Limited recorded a 35% year-on-year increase in sales in January 2020 to 1.659 million tonnes. In the period from April 19 to January 20, the Company achieved a 10.8% increase in sales compared to the same period last year. By the way, in connection with the growth in... 05.02.2020  12:37

• 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