Metallurgy news

• Tata Steel's profit fell 65% Tata Steel's operations in India declined sharply year on year, capping consolidated net income by nearly 65% ​​during the first quarter of the current fiscal year ended June 30, 2019. The decline was mainly due to a sharp drop in steel prices and higher costs. In its most recent report on the Bo... 09.08.2019  07:30

• EU HRC import prices fell to new lows The import price index for HRCs shipped to southern Europe fell to a new six-month low this week as the market fell silent over the summer break. As a result, the level of Turkish export offers decreased again. After a period of stability in July, this week the price stood at 462.5 euros /ton... 08.08.2019  09:25

• Taiwanese stainless steel makers plan to invest in Indonesia To counter the stainless steel giants invested by China, the Taiwan government has also begun asking all of Taiwan's top stainless steel producers such as Yusco, Walsin Lihwa, Fuxin and Yuan Long Stainless Steel Corp. to integrate the domestic stainless steel industry to improve... 06.08.2019  06:52

• Japan's Kobe Steel Cuts Fiscal Year Profit Forecast Japan's third-largest steelmaker, Kobe Steel Ltd, cut its full-year profit forecast to the end of March 2020 by 67% on Friday as the escalating trade war between the US and China eroded demand for steel, cars, aluminum and copper. The company's current profit for the year to March 31, 2020 is... 05.08.2019  11:20

• Outokumpu Reports Strong First Half Operating Results Outokumpu's semi-annual operating results reported satisfactory second quarter results and Group Adjusted EBITDA of € 91 million. Roland Baan, President and CEO, said he was particularly pleased with the commercial and operational performance of the business in Europe - “our product portfolio has... 05.08.2019  10:36

• New US Tariffs Will Hit China's Tech Sector US President Donald Trump tweeted Thursday a plan to impose 10 percent tariffs on an additional $ 300 billion of imports from China starting September 1, affecting products such as laptops, tablets and smartphones. Analysts said Friday that an additional 10 percent tariff imposed on US $ 300... 05.08.2019  10:27

• Azovstal in 7 months reduced the production of rolled products by 8.3% The metallurgical plant Azovstal (Mariupol, Donetsk region), a member of the Metinvest group, in January-July 2019 reduced the production of general rolled products, according to operational data, by 8.3% compared to the same period in 2018 - to 2.183 million tons. As the representative of the... 02.08.2019  15:11

• Steel production in the EU-28 in the first half of 2019 fell by 3% European crude steel production faced a slight decline in June this year. According to the World Steel Association (worldsteel), for the month, domestic production amounted to 13.790 million tons. This is slightly lower, at 3.0%, when compared with the 14.219 million tonnes output achieved by the... 02.08.2019  14:18

• Severstal starts supplying pipes to Gazprom for the Kovykta-Chayandinsky section of the Power of Siberia gas pipeline Izhora Pipe Plant Severstal has begun supplying large-diameter pipes for the construction of the Kovykta-Chayanda section of the Power of Siberia gas pipeline to Gazprom. Based on the results of the tender won at the end of 2018, the company will supply the key client with about 100 thousand tons... 02.08.2019  12:29

• ArcelorMittal Italia comments on the Taranto court ruling ArcelorMittal Italia announced that it has taken note of the decision of the Taranto court directed to ILVA to refuse to operate the blast furnace. The statement said that "ArcelorMittal, the manager of the metallurgical plant, is not a party to the proceedings, but is in any event investigating... 02.08.2019  12:07