Metallurgy news

• Russian Metprom will revive Nigerian Ajaokuta Steel Co Russia could give birth to the new largest steel plant in Nigeria after decades of inactivity. Mining and Steel Development Minister Olamilekan Adegbit said that “The Russian engineering and construction group MetProm will undertake the necessary work to commission the facility, financed by the s... 01.11.2019  11:46

• Results of production and consumption of rolled metal in Ukraine for 9 months of 2019 During the nine months of 2019, metallurgical enterprises of Ukraine produced 14.09 million tons of rolled metal, which is 2% higher compared to the same period in 2018, of which about 11.67 million tons were exported, or 82.8% in 2019. In the same period in 2018, the share of exports amounted to... 01.11.2019  11:19

• Hyundai Steel reports third-quarter net loss Hyundai Steel said its net loss increased in the third quarter from a year earlier due to higher raw material costs. Net loss for the July-September quarter increased to US $ 56 million from 38.1 billion Kuvalov won a year earlier. Sales in the third quarter were down 3.6 percent from a year... 31.10.2019  10:35

• Steel production in India increased by 3.5% Steel production in India increased 3.5% to 84.18 million tonnes in the first nine months of calendar year 2019, up from 81.31 million tonnes in the same period last year, according to data released by the World Steel Association. In the first nine months of 2019, global crude steel production... 31.10.2019  10:21

• Steel production in China increased by 8.4% yoy China's steel production increased by 8.4% year on year in the first three quarters of this year, to about 748 million tonnes, according to a report by the Chinese government. In addition, by the end of 2019, China's steel production could reach 994 million tons. During the same period, the... 31.10.2019  10:17

• Metallurgical tycoon Gupta to unite steel operations British commodity tycoon Sanjeev Gupta will merge his family's steel companies into the new Liberty Steel Group by the end of the year, he said. Other companies in his family's private conglomerate GFG Alliance will also be arranging for possible IPOs in the future. "Whether it be... 30.10.2019  11:19

• China's Steel Potential Rises As Demand Falls An alarming picture of overcapacity is observed in the Chinese steel market, which could have implications for steel prices around the world. When the problem of overcapacity arises in Europe or the United States, domestic producers suffer and domestic prices are depressed, but the consequences... 29.10.2019  09:31

• Mining giant Rio Tinto wins yuan contract with China The Rio Tinto Group, the UK-Australian giant in the global mining industry, has signed its first yuan-denominated purchase contract as China seeks to internationalize its currency and move more Chinese steel overseas. Rio has agreed to purchase 170,000 tonnes of SP10 iron ore from Shanxi Gaoyi... 28.10.2019  11:01

• US Commerce Announces New Anti-Dumping Investigation Of Mexican Steel Rebar The US Department of Commerce has launched an investigation into whether companies are circumventing anti-dumping and countervailing duties on steel bars from Mexico by bending the product "on one or both sides." The Department of Commerce press release announcing the request does not indicate... 28.10.2019  10:47

• Ukraine in the world ranking of metallurgical production According to Worldsteel, for 9 months of 2019, steel production reached 139.107 million tons, which is 3.85% more than in January-September 2018 (133.947 million tons). The People's Republic of China is in the lead with a production of 74.782 million tons, which is 8.36% more than in the same... 28.10.2019  09:55