Metallurgy news

• Update on the modernization of ArcelorMittal Kryvyi Rih Despite the reduction in cash flows, ArcelorMittal in Kryvyi Rih maintained a high level of investment in modernization between January and September 2019. The mill spent US $ 282 million in 9 months and expects investments to reach US $ 390 million in 2019. Some of the major projects include... 13.11.2019  08:56

• ArcelorMittal SA closes steel plant Africa's largest steel mill, ArcelorMittal SA, decided to relocate its operations in Saldanha for maintenance following an operational review, and the group concluded that Saldanha had lost its structural competitive price advantage, mainly due to high raw material costs. and regulated prices.... 12.11.2019  10:42

• In China, iron ore and steel futures fell amid weak demand Iron ore futures in China closed at a two and a half month low on Monday, falling in the fourth session as demand eased amid a slowdown in the manufacturing sector and shrinking inventories at factories. The best-selling iron ore futures on the Dalian Commodity Exchange for January 2020 delivery... 12.11.2019  10:33

• Ukrainian exports of ferroalloys fell in January-October by 3.6% According to statistics, Ukrainian exports of ferroalloys declined by 3.5% year on year to 90.43 million tonnes in about 2018 compared to the previous year. In 2019, compared to 2018, the volume of exports also decreased on an annualized basis. In particular, the export of ferroalloys from... 12.11.2019  10:31

• China's Jingye Group Frontrunner to buy British company Chinese industrial giant Jingye Group took the lead in buying British Steel after negotiations between government officials and Turkish Ataer Holdings stalled. The message sent to British Steel employees indicates that the Official Recipient is expecting a handshake when selling Jingye soon. The... 11.11.2019  12:33

• 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