Metallurgy news

• Recovery in steel prices is needed to offset high raw material prices T.V. Narendran, CEO of Tata Steel and MD, in an interview with ETNOW, answering the question, “Are you also concerned about the rise in iron ore prices, both domestically and globally? Also, the fact that this is not accompanied by a simultaneous rise in steel prices? " Said, “In the last few mon... 18.06.2019  15:23

• Production results of MMC of Ukraine in May 2019 In May 2019, the metallurgical enterprises of Ukraine produced: - pig iron - 1.68 million tons (a drop of 9% compared to April 2019); - steel - 1.83 million tons (down 6%); - rolled products - 1.74 million tons (an increase of 6%). During 5 months of 2019 produced: - iron ore... 18.06.2019  15:17

• China's steel production hits record high in May China's steel production hit an all-time high in May, according to official data released on Friday, even as surges in raw material prices, especially iron ore, have squeezed margins. The world's largest steel producer produced 89.09 million tonnes of steel last month, up from 85.03 million... 18.06.2019  11:13

• Refinancing of Metinvest recognized as the deal of the year on the issue of bonds Metinvest, a vertically integrated group of metals and mining companies, is pleased to announce that the International Financing Review (IFR) magazine, the authoritative source of information on capital markets, has recognized Metinvest's debt refinancing transaction as the Deal of the Year to... 17.06.2019  11:03

• Thyssenkrupp Introduces Artificial Intelligence - Alfred Thyssenkrupp Materials Services continues to drive digital transformation: since the beginning of 2019, an artificial intelligence solution powered by the Microsoft Azure cloud platform has been integrated into the processes of the largest material and service provider in the western world. Alfred... 17.06.2019  10:39

• Imported Steel Will Subject to Increase in Value in Indian Market Indian Express said that in an effort to provide more benefits to domestic producers in government procurement, the Department of Steel has introduced a notice that requires imported steel to expose higher domestic value added when making a product that would be eligible for purchase by government... 17.06.2019  10:35

• Metinvest will build an oxygen complex in Mariupol Metinvest Group has signed a contract with Air Liquide, a world leader in the production and supply of gases, technologies and services for industry and healthcare. The most modern air separation unit in Ukraine will be built at the Ilyich Mariupol Metallurgical Plant (MMK). The complex will meet... 16.06.2019  13:41

• Dneprospetsstal published production results in May 2019 In May 2019, PJSC DNEPROSPETSSTAL delivered 18,440 tons of steel, which is 11.0% less than in the previous month. During the same period, the Company produced 13,684 tons of rolled metal, which is 5.4% more than in April 2019. The total cost of commercial products manufactured in May 2019... 14.06.2019  12:03

• India seeks tougher rules on imports of defective and non-standard steel The Indian government has announced that it will take the necessary steps to curb imports of defective or non-standard steel, as part of efforts to protect domestic producers. This was announced during a high-level meeting of the ministries of industry and steel, which took place on Tuesday. It... 14.06.2019  11:58

• European Commission blocks Tata Steel-thyssenkrupp AG merger The European Commission announced its decision to ban the proposed merger of Tata Steel Ltd. and thyssenkrupp AG. A press release issued by the Commission noted that the parties were unable to offer adequate remedies in relation to the concerns it raised. The commission indicated that the merger... 13.06.2019  13:12