Metallurgy news

• Steel production in CIS countries declined by 2.6% - Worldsteel The aggregate production of crude steel for the initial nine-month period of the current year amounted to 76.016 million tons. Production data published by the World Steel Association (Worldsteel) show a marked decline in crude steel production in the Commonwealth of Independent States (CIS)... 04.11.2019  09:58

• BHP Allocates $ 44M to Rebuild Mine After World's Worst Environmental Disaster The world's largest miner, BHP, said the funding will go towards building a filtration plant over the next 12 months, after which the mine will resume production. BHP has approved $ 44 million in funding to reopen Samarco Mineracao, its iron ore joint venture with Vale in Brazil, four years... 02.11.2019  11:14

• The DMZ is undergoing repairs and modernization of equipment At the Dnieper Metallurgical Plant of the DCH Group of Alexander Yaroslavsky, the renewal of fixed assets continues. In September, the overhaul of the coke oven battery No. 5 was completed, the overhaul of the coke oven battery No. 4 was started. In the spring, work will start on the complex of... 01.11.2019  22:01

• 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