Metallurgy news

• 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

• Nippon Steel suffered losses of $ 4 billion Nippon Steel forecast a record net loss of 440 billion yen ($ 4 billion) for the fiscal year ending March 31, up from a previously forecast profit of 40 billion yen, as protectionist governments and Asian rivals cut the bottom line. The company is curtailing opportunities to improve its... 10.02.2020  10:02

• Vietnamese steel production surges in 2019 due to increased HRC production Vietnam's steel production grew 4.4% year-on-year to 25.3 million tonnes in 2019, while domestic steel sales grew 6.4% year-on-year, according to the latest report released by the Vietnam Steel Association (VSA). calculated due to the fact that the production of hot-rolled products had a rapid... 10.02.2020  09:58

• Zaporizhstal increases steel production in January Zaporizhstal, the fourth largest steel producer in Ukraine, reports its crude steel production in January of this year was about 338,000 tonnes, up 2.3% from the previous month, while there is a fall of 4.5% compared to with the same month in 2019 In addition, pig iron production amounted to... 10.02.2020  09:53

• Japanese steel companies hit by cyber attacks Kyodo News reports that Japan's Ministry of Defense has confirmed that Kobe Steel Ltd and satellite data provider Pasco Corp have been targeted by cyber attacks, the latest in a series of confirmed attacks against Japanese defense-related companies. According to Kobe Steel, some terminals on the... 07.02.2020  10:52

• Chinese Baosteel and Brazilian Vale Sign First RMB Deal China's Baoshan Iron & Steel Co Ltd, listed as one of the country's largest steel producers, has completed its first Chinese currency iron ore deal with Brazil's Vale SA. China, the world's largest consumer of iron ore, is trying to leverage its influence on steel ingredient pricing to help its... 07.02.2020  10:39

• ArcelorMittal reopens blast furnace at Krakow plant ArcelorMittal Poland decided to reopen the raw materials part of the Krakow Metallurgical Plant, i.e. the blast furnace and the steel plant, which was temporarily stopped at the end of November 2019. According to the company, this should happen in mid-March this year. ArcelorMittal Poland on... 07.02.2020  10:17

• Russian shipments of MMK galvanized steel hit record high in 2019 According to statistics, Magnitogorsk Iron and Steel Works (MMK), one of the world's largest steel producers, shipped about 1.29 million tons of galvanized steel in Russia in 2019, reaching a record level in its history. Over the past 20 years, MMK has actively invested in the production of high... 06.02.2020  11:53

• Exports of rolled metal products from the EU decreased by 2% EUROFER announced that total exports of rolled steel from the EU to third countries decreased by 2% year on year in the first eleven months of 2019. Exports declined 3% year on year in both the first and second quarters of 2019, but this downward trend ended in the third quarter and exports showed... 06.02.2020  11:48