Metallurgy news

• EU must respond to Trump's steel tariffs - L.N. Mittal ArcelorMittal CEO said in an interview with a German newspaper that Europe urgently needs to take further measures to offset the impact of import tariffs imposed by US President Donald Trump. L.N. Mittal, Chief Executive Officer of ArcelorMittal, said that “The EU announced protective measures, but ... 13.06.2019  13:01

• USDA raises estimates of wheat production in Russia and Ukraine The USDA raised its estimates of wheat production by Russia and Ukraine, the main exporters from the Black Sea region, by 2 million tons in 2019-20, and exports from the two countries by 1.5 million tons due to favorable weather conditions. Wheat production in Russia for 2019-20 is currently... 13.06.2019  12:49

• Official announcement on the future of the British steel company A British Steel official said: "We are continuing to work with stakeholders to figure out how to keep the company as a permanent asset. These are commercial confidential discussions." The company still trades and supplies steel products to its customers who continue to provide good support for... 12.06.2019  11:54

• China's steel exports fell 17% in May During May 2019, steel exports from the country fell by 16.6% at an annual level to 5.743 million tons and decreased by 9.2% in a month. In January-May, steel exports from China amounted to 29.093 million tons, which is 2.5% more than in the previous year. Market experts attribute the decline to... 12.06.2019  11:48

• Metinvest's debt refinancing wins European Commodity Financing Deal of the Year award Metinvest, a vertically integrated metals and mining group, is pleased to announce that TXF has named the Group's debt refinancing transaction the European Commodity Financing Deal of the Year in TXF's annual Best Deal of the Year competition, also known as the Perfect 10 rating. ". TXF is a... 12.06.2019  10:42

• The sixth blast furnace stopped at Azovstal for overhaul Metinvest Group continues to modernize blast furnace production at the Azovstal steel plant in accordance with the Technology Strategy-2030. The blast furnace (BF) No.6 was shut down for overhaul. The modernization of the blast furnace will improve its energy efficiency, reduce production costs and... 12.06.2019  10:23

• ArcelorMittal Kryvyi Rih invests in wastewater monitoring system ArcelorMittal Kryvyi Rih put into operation the second waste water quality control post. Thus, the company has completed the implementation of a modern automated wastewater monitoring system, which has no analogues in Ukraine. Investments amounted to UAH 12.2 million. ArcelorMittal Kryvyi Rih... 11.06.2019  14:57

• Steel industry faces tougher environmental regulations South Korea's increasingly stringent environmental regulations are hampering the steel industry, which is already plagued by falling sales and rising raw material prices. Last week, three regional governments representing South Chuncheon Province, North Gyeongsang Province and South Jeolla... 11.06.2019  14:48

• Turkish HRC factories stifle export sales On Monday, the export market for hot rolled coil products in Turkey remained calm after a week of holidays in Bayram suspended the market. Market participants expected Turkish mills to show some signs, but the mills remained mostly on the fence. This was partly due to the lack of available tonnage... 11.06.2019  14:45

• Gold Expects Biggest Weekly Gain Since March 2018 Gold prices stabilized on Friday but continued to move towards their biggest weekly gain since March 2018, after rising expectations for a US rate cut and concerns over trade disputes boosted demand for bullion. However, having failed earlier this week to break the 2019 high of $ 1,346.73,... 10.06.2019  15:19