Metallurgy news

• Strikes at SSAB production facilities in Finland Strikes in Finland by a number of unions in response to new collective bargaining agreements are estimated to weaken SSAB Europe's fourth-quarter profit by about SEK 250 million. The strikes in Raahe and Hämeenlinna by the Industrial Union, the Pro Trade Union and the YTN Professional and ... 19.12.2019  09:51

• USA approves Tenaris IPSCO Tubulars acquisition from TMK TMK announced that the US Department of Justice has dropped its investigation into Tenaris IPSCO Tubulars Inc's alleged acquisition from TMK. The proposed transaction was concluded on 22 March 2019 in accordance with the Share Purchase Agreement between TMK and a 100% subsidiary of Tenaris. TMK... 19.12.2019  09:45

• Zaporizhstal was recognized as the "Leader of Eco-Investments" in the all-Ukrainian rating "Ecotransformation-2019" On December 16, 2019, an all-Ukrainian business forum "Ecotransformation-2019" of enterprises and companies implementing projects to reduce the negative impact on the environment was held in Kiev. Zaporizhstal received the highest award in the category "Leader of Eco-Investments-2019" for the... 18.12.2019  13:39

• Iranian Steel Product Exports Rise According to the Iranian Organization for the Development and Reconstruction of the Mining Industry (Imidro), the largest Iranian steel producers reported an 83% increase in exports for the month from November 21 to 673,772 tons. In the eight months of the Iranian financial year, steel exports... 18.12.2019  09:42

• China's steel production may reach 980 million tonnes this year According to the forecast of the China Metallurgy Association, made a few days ago, steel production as a whole this year could be about 980 million tons, an increase of 7% year on year. In the first 10 months of this year, total crude steel production in China was about 830 million tons, an... 18.12.2019  09:34

• Jingye on plans to acquire British steel company China's Jingye Group said the deal to save British Steel and save thousands of jobs in Scunthorpe is progressing well. A spokesman for Jingye said, "Following the agreement signed on November 10, Jingye Group and the relevant authorities continue to make progress in securing the necessary permits... 17.12.2019  10:38

• Fitch Ratings Global Steel predicts negative consequences for the steel market Fitch Ratings believes that modest growth in global steel demand and increased supply associated with earlier capacity investments will continue to weigh on the industry in 2020. While we expect a moderate recovery in the next 12 months, the impact that has already been seen on capacity utilization... 17.12.2019  10:36

• ArcelorMittal and Nippon Steel complete acquisition of Essar Steel ArcelorMittal announces the completion of the acquisition of Essar Steel India Limited and concurrently creates a joint venture with Nippon Steel Corporation called ArcelorMittal Nippon Steel India Limited, which will own and operate ESIL. ArcelorMittal owns 60% of AM /NS India shares and Nippon... 17.12.2019  10:33

• Brazil issues final decision to revise duties on steel plate from China Recently, the Chamber of Foreign Trade of the Brazilian Ministry of Economy (CAMEX) announced the final decision to impose anti-dumping duties (ADD) on imported steel plates from China. CAMEX has decided to extend its import duty on steel plates from China for 5 years at a duty of US $ 211.56... 16.12.2019  12:45

• More expensive scrap metal raises wire rod prices in Turkey Turkish wire rod producers have further increased their quotes as prices for imported scrap metal continue to rise. Turkish factories' prices for wire rod, which last week stood at $ 460-470 per tonne, rose to $ 475-485 per tonne in Turkey. However, some factories have higher prices up to $ 500... 16.12.2019  09:47