Metallurgy news

• France becomes new flag of EU economy amid slowdown in German economy According to the latest data, the growth of the German economy has slowed down. In this situation, some experts began to view France as the new flag of the EU economy. The French economy, while not particularly well, is moving steadily and in a positive direction. The country is more resistant... 11.11.2019  09:31

• The increase in the tariff for gas transportation costs will hit the mining and metallurgical complex of Ukraine It is expected that the country's mining and metallurgical complex costs to pay for consumed gas will rise to UAH 3 billion if NKREKP approves an increase in fuel transportation tariffs. The relevant data was announced by the president of the association, Alexander Kalenkov, during a round table... 11.11.2019  09:09

• Nippon Steel expects production losses due to plant shutdowns Nippon Steel, Japan's largest steel mill, is forecasting a loss of about 400,000 tonnes of steel in fiscal 2019 as a result of shutdowns this year at its plants at its Kimitsu plant in Tokyo and at Nippon Steel Nisshin Kure plant in Hiroshima, the company confirmed on Thursday. ... , Fiscal 2019... 08.11.2019  09:39

• ArcelorMittal awaits judgment on Essar Steel in November ArcelorMittal is awaiting a ruling from the Indian Supreme Court in November on the proposed acquisition of Essar Steel (ESIL). Subject to a favorable and clear final order, completion of the deal is expected by the end of the year, the world's largest steelmaker said in a report. In July,... 08.11.2019  09:30

• Chinese steel exports in October fell by more than 13% on a year According to statistics released by the General Administration of Customs on November 8, total steel exports in October were 4.8 million tons, down 13.1% from the same period last year. Moreover, total steel exports from January to October this year amounted to 55 million tons, down 5.8% year on... 08.11.2019  09:21

• Turkey's flat steel exports to EU raises concerns According to a report by the Turkish Statistical Institute, the export of sheet metal products from Turkey in September fell by 21.8% compared with a year earlier, amounting to about 394,000 tons. The main reason for the fall was due to weak demand in the EU in June and July. Moreover, the... 07.11.2019  09:46

• Indian Tata Steel Promotes Southeast Asia Asset Sale Plan Indian steel company Tata Steel has said it will sell 56.5% of its stake in Vietnamese long products manufacturer NatSteel Vina (NSV). NatSteel Holdings (NSH), a subsidiary of Tata Steel, has signed a sale agreement with Vietnamese company Thai Hung Trading Joint for NatSteel Vina. The deal will... 07.11.2019  09:42

• China calls for lifting ban on imports of steel scrap The China Scrap Association is lobbying to end the ban on imports of ferrous scrap to help cut domestic deficits and lower costs for steel mills. China began to cut scrap imports in June 2017, intending to ban all scrap imports by 2020. China also imposed a 25 percent import tariff on scrap... 06.11.2019  14:17

• Long-term outlook for Ukrainian steel production remains gloomy - Fitch Solutions Ratings agency Fitch Solution said: “We maintain a bleak outlook for the Ukrainian steel industry in the coming years, driven by the ongoing conflict in Donbas, which disrupts vital supply chains for steel producers. Overall, declining steel prices and growing protectionism in the steel sector will ... 06.11.2019  09:18

• Italy accuses ArcelorMittal of blackmail over Ilva plant Giuseppe Conte, Italy's prime minister, said he would not allow ArcelorMittal to abandon its acquisition of the troubled Ilva steel mill. The prime minister told reporters: "The agreement has been agreed and we are not going to back down, so the commitments will be respected." Industry Minister... 06.11.2019  08:49