Metallurgy news

• Asian demand drives global steel production growth Recently, the World Steel Association (WSA) revised its steel consumption projections for the region and these figures were officially announced at the April 2019 meeting. Global demand for finished steel in 2018 amounted to 1,711.6 million tonnes, while this year it is projected at 1,734 million... 03.04.2019  09:14

• Nippon Steel aims to be the world's best steel producer Nippon Steel has completed the acquisition of 51% of the common shares of Sanyo Special Steel Co., Ltd., making it a subsidiary. In addition, it acquired all of the shares in Ovako AB, Sweden's leading specialty steel producer. Ovako is now a subsidiary of Sanyo Special Steel. By integrating steel... 03.04.2019  09:12

• Steel production in the EU-28 fell by 5% European crude steel production reported a decline in February 2019. Domestic production for the month was 12.984 million tonnes, according to the World Steel Association (worldsteel). This is slightly lower by 5.0% when compared with the 13.664 million tonnes capacity achieved by the region in the... 03.04.2019  09:05

• Ukrzaliznytsia raised the prices for cargo transportation and promised to do it regularly Ukrzaliznytsia Raises Tariffs for Freight Transportation. Prices rose 14.2%. The changes took effect on March 30th. This was reported by the press service of the company. The carrier carried out the indexation even earlier than planned, as it was previously mentioned that the tariffs would... 02.04.2019  11:03

• Exporters of hot rolled coils from CIS reduce the price Hot rolled steel suppliers from Russia and Ukraine have succumbed to market pressure, selling their products at levels lower than those offered in the last week of March. They subsequently lowered the quotes accordingly for the new availability, A Russian supplier from the Urals accepted bids at... 02.04.2019  10:14

• Hyundai Steel to spend 530 billion won to reduce emissions Hyundai Steel Co., the second largest South Korean steel mill, said Monday it plans to cut its environmentally harmful emissions by more than 50 percent from current levels. Hyundai Steel said it intends to spend approximately 530 billion won (US $ 468 million) to address fine dust and other... 02.04.2019  10:08

• Philippines Steel Consumption To Reach Record In 2019 Steel consumption in the Philippines is forecast to grow 5-6 percent this year to a record 11.1 million tonnes as the country's economy continues to grow. After rising just 2 percent in 2017 due to high prices, steel consumption in the country jumped about 9 percent last year to a record 10.5... 02.04.2019  10:03

• Metallurgical production indicators in Ukraine for the first quarter of 2019 During March 2019, metallurgical enterprises of Ukraine produced: 1.80 million tons of pig iron, which is 14.3% higher compared to February 2019, 1.96 million tons of steel, which is 16% higher, 1.54 million tons of rolled metal, which 11.4% higher. Production in the first quarter of 2019: 5.18... 02.04.2019  09:54

• Korea criticizes China's anti-dumping investigation on stainless steel South Korea's Industry Ministry said Friday it expressed concern over China's anti-dumping investigation of hot rolled stainless steel sheets, saying locally made products are not negatively affecting Chinese industry. The move follows Beijing's anti-dumping checks on imported hot rolled... 30.03.2019  14:10

• Results of production of MMC of Ukraine in January-February 2019 During two months of 2019, Ukrainian metallurgical enterprises produced 3.08 million tons of rolled metal (99.3% compared to the same period in 2018), of which about 2.71 million tons, or 88.0%, were exported. In the same period in 2018, the share of exports amounted to 84.8% (2.64 million tons... 30.03.2019  14:04