Metallurgy news

• Ukrzaliznytsia ignores market position on scrap metal tenders for ProZorro In the period from the end of April to the beginning of May 2019, Ukrzaliznytsya put up for sale the next large consignments of ferrous scrap through the ProZorro system. At the same time, the terms of the tenders did not change for the better compared to previous auctions: metallurgists are... 09.05.2019  16:31

• ArcelorMittal overhaul of production will not have a significant impact on the price of rolled metal European traders and distributors are currently unsure whether the latest announcement from ArcelorMittal to cut production by 3 million tonnes per year at European rolling mills could affect prices. Coil price indices hit their lowest levels since the third quarter of 2016 as demand struggles... 09.05.2019  16:19

• Global supply and demand for steel scrap According to the presentation by Worldsteel at the 12th China International Metal Recycling Conference in 2019, the trend of electric arc furnace production is expected to grow. Currently, EAF is the main destination in Europe, North America, the Middle East, Southeast Asia and Africa. China... 09.05.2019  16:14

• EBRD wants to give Ukraine $ 35 million for the purchase of grain wagons The European Bank for Reconstruction and Development (EBRD) is considering a US $ 35 million loan to Louis Dreyfus Company in Ukraine. This is stated in a message on the bank's website. As noted, the financing will go to the purchase of up to 1,000 wagons of grain hoppers. According to the... 08.05.2019  11:23

• Turkey's decision on imports of rolled metal The Ministry of Trade of the Republic of Turkey has initiated a protective investigation into the import of metal products into the customs territory of Turkey, regardless of the country of origin or export. On October 17, 2018, by the Decree of the President of the Republic of Turkey,... 08.05.2019  09:29

• Iron ore pellets are growing in Iran Pellet production in Iran is growing faster than DRI. The five largest Iranian iron ore pellet producers increased production by 24% year on year from March 20 to 1.86 million tonnes, according to the Mining and Mines Development and Reconstruction Organization (Imidro). In the Iranian year to... 08.05.2019  09:24

• JSW Steel Sheet Mill Retrofit in Baytown Danieli has been awarded a contract to replace the primary descaler, hot plate alignment line, and # 1 sheet steel cutting line at JSW Steel USA in Baytown, TX to improve plant productivity. This first phase has already begun and the commissioning of new equipment is expected in the fall of... 08.05.2019  09:22

• Good news for Vale does not improve its prospects In 2015, a dam was destroyed at one of Vale's Brazilian mines to contain waste from an iron ore mining process. Another Brazilian dam was destroyed earlier this year. Casualties were lost in both cases, but understandably, the Brazilian government is getting tougher with the company after the... 07.05.2019  11:44

• Difficult EU market forces ArcelorMittal to cut production ArcelorMittal will cut steel production across Europe by about 3 million tonnes per year due to the many challenges facing the continent's steel sector, Callanish is studying to become a steelmaker. This step will primarily affect the supply of flat products. Production will be halted at steel... 07.05.2019  11:41

• Shanghai Steel Futures Fall on Trump's Tariff Threat Chinese steel futures fell on Monday, the first trading day after a four-day national holiday, amid concerns over trading prospects after US President Donald Trump said he would raise US tariffs on Chinese goods worth $ 200 billion. This came as the two countries worked to reach an agreement to... 07.05.2019  11:40