Metallurgy news

• European steel markets face growing pressure European steel markets are facing growing pressure from weak demand, market protectionism and persistently high prices for iron ore and coking coal, analysts at S&P Global said. While steel capacity is currently being cut as ArcelorMittal announced production cuts of 4.2 Mtpa, this may not be... 25.07.2019  11:04

• Strategic partnership agreement between NLMK Group and LTC Group NLMK Group signed a long-term strategic partnership with LTC Group, Italy and the Middle East, a leading European manufacturer of components for transformers and power generation devices. Under the agreement, NLMK Group companies in Lipetsk and Yekaterinburg will regularly supply grain and... 25.07.2019  10:09

• India faces iron ore shortage India is the fourth largest iron ore producing country in the world after Australia, Brazil and China with an annual production of 210 million tonnes. India has five main iron ore states. Among them, Odisha produces the most, contributing 52% of total production. The state produces mostly medium... 25.07.2019  10:00

• POSCO Announces Second Quarter Results Posco posted operating income of $ 848 million in Q2 2019 on sales of $ 681 billion. Sales were up 1.5 percent, but operating income and net income were down 14.7 percent and 14.7 percent year on year, respectively. The decline was mainly due to the sluggish steel business, which accounts for about... 24.07.2019  11:30

• ArcelorMittal Kryvyi Rih - update on searches by the Security Service of Ukraine ArcelorMittal Kryvyi Rih reported that as a result of a search in the investigation department of the Security Service of Ukraine in the Dnipropetrovsk region on July 20, a continuous casting machine No. 3 and some pieces of equipment were seized. On July 20, 18 employees of the Security Service of... 24.07.2019  11:18

• EU Targets US Tariffs Against If Trump Tariffs Cars The European Union has nearly doubled to € 35 billion ($ 39 billion) the amount of US goods it will strike with retaliatory tariffs if President Donald Trump embodies the threat of EU tariffs on cars and auto parts. European Trade Commissioner Cecilia Malmström reported an increase from an ea... 24.07.2019  11:11

• Guinea seeks developers for Simandu iron ore deposit Simandou has over two billion tonnes of iron ore reserves and some of the highest grades in the industry (66% - 68% Fe, attracting premium prices). Guinea has announced an international tender for Blocks 1 and 2 in Simandu, providing companies with information on its bids by August 2, as the... 23.07.2019  10:50

• Tata Steel Eyes Expands Steel Production Significantly Tata Steel has announced plans to expand its crude steel production capacity in India. The private sector firm expects a significant increase in capacity to 30 million tonnes per annum (t /a) by 2025. It should be noted that the current production capacity of the company is about 20 million tons... 23.07.2019  10:19

• SSAB Reports Third Quarter Price and Margin Decrease Swedish steel mill SSAB remains uncertain about Q3 developments in the European and US markets. Demand is expected to be weak and domestic prices to remain under pressure. Overall, SSAB was down SEK 314 million (USD 33.4 million) in the second quarter year-on-year to SEK 1,316 million, mainly... 23.07.2019  10:14

• Dneprospetsstal: results of June 2019 In June 2019, PJSC DNEPROSPETSSTAL delivered 16,457 tons of steel, which is 10.8% less than the level of the previous month. During the same period, the Company produced 12,641 tons of rolled metal, which is 7.6% less than in May 2019. The total cost of commercial products manufactured in June... 22.07.2019  11:51