Metallurgy news

• China's steel production may reach 980 million tonnes this year According to the forecast of the China Metallurgy Association, made a few days ago, steel production as a whole this year could be about 980 million tons, an increase of 7% year on year. In the first 10 months of this year, total crude steel production in China was about 830 million tons, an... 18.12.2019  09:34

• Jingye on plans to acquire British steel company China's Jingye Group said the deal to save British Steel and save thousands of jobs in Scunthorpe is progressing well. A spokesman for Jingye said, "Following the agreement signed on November 10, Jingye Group and the relevant authorities continue to make progress in securing the necessary permits... 17.12.2019  10:38

• Fitch Ratings Global Steel predicts negative consequences for the steel market Fitch Ratings believes that modest growth in global steel demand and increased supply associated with earlier capacity investments will continue to weigh on the industry in 2020. While we expect a moderate recovery in the next 12 months, the impact that has already been seen on capacity utilization... 17.12.2019  10:36

• ArcelorMittal and Nippon Steel complete acquisition of Essar Steel ArcelorMittal announces the completion of the acquisition of Essar Steel India Limited and concurrently creates a joint venture with Nippon Steel Corporation called ArcelorMittal Nippon Steel India Limited, which will own and operate ESIL. ArcelorMittal owns 60% of AM /NS India shares and Nippon... 17.12.2019  10:33

• Brazil issues final decision to revise duties on steel plate from China Recently, the Chamber of Foreign Trade of the Brazilian Ministry of Economy (CAMEX) announced the final decision to impose anti-dumping duties (ADD) on imported steel plates from China. CAMEX has decided to extend its import duty on steel plates from China for 5 years at a duty of US $ 211.56... 16.12.2019  12:45

• More expensive scrap metal raises wire rod prices in Turkey Turkish wire rod producers have further increased their quotes as prices for imported scrap metal continue to rise. Turkish factories' prices for wire rod, which last week stood at $ 460-470 per tonne, rose to $ 475-485 per tonne in Turkey. However, some factories have higher prices up to $ 500... 16.12.2019  09:47

• Results of the metallurgical industry of Ukraine in November 2019 Metallurgical enterprises of Ukraine in November 2019 produced: pig iron - 1.39 million tons, which is 12.5% ​​lower than October 2019; steel - 1.33 million tons, which is 15.1% lower than October 2019; rolled metal products - 1.24 million tons, which is 14.8% less than October 2019. Acc... 16.12.2019  09:11

• Thyssenkrupp in talks with Tesla on German plant Thyssenkrupp hopes to win contracts for a planned plant that Tesla has decided to build near Berlin. Thyssenkrupp board member Klaus Keisberg said the company is in talks to introduce certain services and supplies of rolled metal products. Tesla CEO Elon Musk announced a few weeks ago that he... 13.12.2019  13:10

• Prices for billets in the CIS are above $ 400 per ton CIS billet prices rose again last week as several traders and reportedly end users ordered various batches of Russian and Ukrainian billets, virtually closing the January supplier distributions. Recent procurement deals ranged from US $ 405 /t FOB for Ukrainian metal to US $ 420 /t for a small... 13.12.2019  12:21

• US plans to restore duties for Turkish steel producers In a preliminary administrative review notice released on Wednesday, the Commerce Department of Commerce announced that Turkish steel maker Colakoglu sold HRCs in the United States at below normal prices during a period spanning October 1, 2017 to September 30, 2018. As a result, Colakoglu and... 13.12.2019  12:15