Metallurgy news

• Tenaris Announces Acquisition of IPSCO Pipe Manufacturing IPSCO is the American subsidiary of the Russian steel pipe manufacturer PAO TMK. Luxembourg-based Tenaris SA has reached a definitive agreement to acquire IPSCO Tubulars, Inc. for the amount of 1.2 billion US dollars. The agreement was signed on March 22. The transaction is subject to regulatory... 26.03.2019  10:27

• Indian steel companies grapple with sanctioned Iranian steel Cheap steel imports from the Association of Southeast Asian Nations (ASEAN) have always been a problem for Indian steel companies, but Indian steelmakers are now worried about heavily discounted steel imports coming from Iran, a country that is under economic sanctions imposed by the United... 26.03.2019  10:08

• Turkish exporters HRC maintain status quo Turkish export prices for hot rolled coil remained within the range desired by producers after resisting extremely low bids. Small tonnages were sold at these relatively high prices last week. After a significant price cut two weeks ago by one plant to fill the April books, and due to a... 26.03.2019  09:46

• Vale stops the Alegria mine Brazilian Vale has stopped operations at the Alegria iron mine at the Mariana complex in Minas Gerais, which could remove 10 million tonnes of iron ore from the global market annually. According to the world's largest iron ore producer, preventive measures were taken after a stress test failed... 25.03.2019  14:23

• POSCO and Hyundai Steel vie for leadership in steel for the hydrogen economy Steel companies POSCO and Hyundai Steel are linking themselves to the hydrogen economy. The two companies are heading off in the metal separator business for hydrogen fuel cells as demand for hydrogen electric vehicles is expected to rise significantly in the future. Metal separators for... 25.03.2019  14:16

• American shareholders receive unheard-of dividends from coal mines US coal companies have returned nearly $ 3.7 billion to shareholders in 12-month dividends and buybacks, and S&P Global Ratings expects more this year. This raises yields to unheard of levels, in some cases about nine times that of 10-year Treasuries. Revenues reflect the health of an industry... 24.03.2019  12:35

• Brazilian court orders Vale SA to cease operations at Dique III mine A Brazilian court in Nova Lima, Minas Gerais state ordered mining company Vale SA to cease operations at the Dique III iron ore complex. The company has received several court decisions related to mines that use dams like the one that collapsed in the city of Brumadinho in January, killing more... 24.03.2019  12:10

• China sets anti-dumping duties on steel products of competitors China's Ministry of Commerce said it will introduce temporary anti-dumping measures from March 23 on stainless steel billets and hot rolled stainless steel sheets sourced from the European Union, Japan, South Korea and Indonesia. The ministry said it would collect taxes from companies such as... 24.03.2019  12:02

• ArcelorMittal Kryvyi Rih started overhaul of blast furnaces On March 18, an intensive overhaul began. Most of the repairs will be carried out in the first half of the year. The repair of blast furnace No. 6 will last six days and will be completed this weekend. The charging device and skips of the main lift will be replaced here, as well as air heaters and... 22.03.2019  14:02

• Prices for billets in the CIS are stabilizing Bids for billets from the LPG remain at around $ 460 /t in the Black Sea, but the plants for the April deals are open to negotiate small concessions. Most traders sit on hold, largely because the stagnation in prices last month has provided few trading opportunities. Russian manufacturers sold to... 22.03.2019  13:34