Metallurgy news

• Steel sheet prices already reflect slower growth in the US US economic growth may slow to 2.2% this year from 2.9% in 2018, reflecting weaker growth in private investment spending in non-residential premises, according to a report by S&P Global. Hot rolled steel prices in the United States have already declined 13.2% to $ 695 in Q1 2019 from $ 801 in Q1... 08.04.2019  12:08

• Chinese steelmakers report declining profits in January-February In China's steel industry, profits almost halved in the first two months of 2019 from a year earlier as production growth accelerated. According to the National Development and Reform Commission in the country, in January-February, the sector's profit was 29.6 billion yuan (about US $ 4.4... 08.04.2019  11:38

• Turkish billet manufacturers maintain optimism Turkish billet exporters remain optimistic, keeping offers in the range of USD 450-460 per tonne for Turkey grade. However, as traders say, competition from European suppliers in their traditional markets is too high and this could lead to lower prices. Competition from European factories in... 08.04.2019  11:33

• US No Longer Needs Inappropriate Metals Tariffs As NAFTA Negotiating Tactic Ratifying the new North American trade pact will need to address the trade issues that have plagued Foreign Minister Christia Freeland's trip to the NATO summit in Washington. Whether it is the Trump administration's "improper" imposition of metal tariffs as leverage in the controversial... 07.04.2019  19:07

• ArcelorMittal Kryvyi Rih purchased a special coke extinguishing wagon The new quenching car will be used at the block of coke oven batteries No. 3–4, the reconstruction of which was carried out in 2007–2008. Three such cars are used here. They are designed to receive red-hot coke discharged from a coke oven. After quenching with water, cooling and removing moisture, t... 05.04.2019  10:04

• Automotive sector could be the main driver of steel demand recovery in Brazil The automotive sector could be the main driver of any recovery in steel demand in Brazil if the construction sector does not pick up steam, said Diego Ocampo, Senior Director and Specialist for Hard Industries Latin America. “We have a positive view on the automotive market and could be one of t... 05.04.2019  09:59

• EU opposes India's attempt to include additional steel products under BIS quality control In a notification to the World Trade Organization (WTO), India intends to include more steel and stainless steel products in its quality control system. Previous attempts to do so have generated a lot of protest from various member states, especially from the EU region. According to government... 05.04.2019  09:48

• Australian miners assess damage after cyclone Australian miners BHP and Rio Tinto analyzed the impact of Cyclone Veronica, which disrupted operations after it hit the Pilbara coast in Western Australia last week. Both companies lowered their annual iron ore production by millions of tons. On Monday, Rio Tinto estimated a production loss... 04.04.2019  13:03

• SAIL records highest crude steel production in fiscal 19 Steel Authority of India Ltd said Wednesday that it produced 16.3 million tonnes of crude steel for the current fiscal year ended March 31, the best steel sales in the company's history. Total steel shipments from SAIL were the highest ever at 14.86 million tonnes during fiscal 2019 due to a... 04.04.2019  12:51

• China Steel Profit Increases In March Amid Rising Export Prices In March, exports of Chinese rolled metal products increased, while steel prices in China continued to recover. In March, the export price of hot rolled steel (HRC) averaged $ 267.50 /t, which is 7% more than in February. Domestic and export prices for Chinese steel rebounded from lows in... 04.04.2019  11:09