Metallurgy news

• Iranian Steel Production Rises Despite US Sanctions Iran's annual crude steel production is slated to increase by 3 million tons to 28 million tons in the current Iranian calendar year (ends March 19, 2020), announced the head of Iran's Mining and Mining Industry Development and Reconstruction Organization (IMIDRO). “Today we are witnessing n... 25.10.2019  15:42

• Steel demand may receive support from the construction sector At the global level, activity in the construction and real estate sectors is expected to increase, which could boost demand for rolled steel, although a more substantial slowdown in global economic growth could limit sales growth. The Russian construction, real estate and industrial sectors are... 25.10.2019  15:38

• Japan's Steel Exports Increase YoY According to the official report, the total export of metal products from Japan amounted to about 3 million tons, increasing the volume of shipments of rolled metal products by 13.8% on an annualized basis, and also increased by 0.5% on a monthly basis. The total cost was about 264 billion yen,... 24.10.2019  11:31

• Steel product exports to China rise in September China exported about 5.3 million tonnes of steel products in September 2019, increasing shipments of rolled steel by 11.6% compared to the same month a year ago. The total export value of steel products was about US $ 45 million, an increase of 17.9% year on year. Among them, China exported... 24.10.2019  11:23

• Chile declares a state of emergency to avoid damaging the mining industry Chile was gripped by protests as the country's government proposed to increase spending on public transport. The president imposed curfews in several cities, but the Chilean mining department was still functioning after violent protests. Chile's Mines Minister Baldo Procurica said that due to... 24.10.2019  10:32

• Tokyo Steel maintains November prices for rolled metal Tokyo Steel Manufacturing Co Ltd, the largest electric arc furnace manufacturer in Japan, will keep all steel prices unchanged in November amid high domestic inventories and weakening overseas prices, the company said. The steelmaker slashed all steel product prices in October by about 2% -4% to... 23.10.2019  11:11

• Metallurgical associations in the fight against overcapacity Steel industry associations around the world demand further efforts to combat overcapacity. Nineteen metal industry associations from around the world have sent an open letter to governments asking them to step up efforts to tackle overcapacity. New construction projects requiring the use of... 23.10.2019  11:08

• CMC closes Rancho Cucamonga smelter Many people are expected to lose their jobs at the Commercial Metals Company steel mill on Rancho Cucamonga in southern California, USA. A corporation spokesman confirms that they are closing most of the plant. CMC spokeswoman Susan Gerber said: “The burdensome regulatory environment and the c... 22.10.2019  10:08

• China approves construction of new steel plants in a simplified regime China is approving new steel mills at a rapid pace, which increases the risk of an oversupply of steel that could once again erode global steel prices. China has approved eight steel replacement projects between September and mid-October, which will produce 17.18 million tonnes of pig iron per... 22.10.2019  09:56

• Mechel expects compensation for the loss of the Donetsk Electrometallurgical Plant Russian oligarch Igor Zyuzin has asked the government for several million dollars in compensation for the loss of a steel mill by his firm in eastern Ukraine. According to the Russian daily Vedomosti, Mechel is also trying to negotiate a huge loan restructuring, as the company says it cannot... 22.10.2019  09:28