Metallurgy news

• Steel consumption in India will grow by 7% in 2019 JSPL's managing director said steel consumption in India is likely to grow by 7 percent in 2019. “If you look at India's steel use in 2018, it grew more than 8 percent. It is expected to increase by just over 7 percent in 2019. So the growth rate is lower, but the growth is pretty nice, ”Ansari s... 22.03.2019  13:33

• Stainless steel production demonstrates 5.5% annual growth Stainless steel production statistics released by the International Stainless Steel Forum (ISSF) suggest a 5.5% increase in production throughout 2018. The annual output was 50.729 million tonnes (Mt), up from 48.081 million tonnes in 2017. All regions of the world reported an increase in... 21.03.2019  09:39

• ArcelorMittal Kryvyi Rih implements new contracts for energy infrastructure ArcelorMittal Kryvyi Rih will continue to modernize its strategic energy infrastructure: the company recently signed several contracts. One of them is the delivery of a new cooling tower 16B. It is needed to cool the water in the circulating cycle of water supply to CHPP-2, blast furnaces No. 7,... 21.03.2019  09:11

• US anti-dumping duty lifted for Hyundai Steel The second largest South Korean steel mill, Hyundai Steel, said the US Department of Commerce recently decided to lift its anti-dumping duty on steel sheets. In 2015, the Department of Commerce launched an investigation into the sale of corrosion-resistant steel products from South Korea and... 21.03.2019  09:04

• US steel production up 5.7% over the week Weekly production statistics released by the American Institute of Iron and Steel (AISI) indicate significant growth in U.S. steel production during the week ending March 16, 2019. Weekly production was 1,930 million tonnes, up 5.7% from the corresponding week in 2018. Capacity utilization at US... 20.03.2019  09:34

• Iranian finished steel production continues to rise in February Iranian finished steel production increased 8% year on year in the 11 months to Feb 19 to 19.6 million tonnes. Production of hot-rolled flat products in 11 months increased by 3% to 7.28 million tonnes, while production of rebar increased by 24% to 7.1 million tonnes. Cold-rolled steel... 20.03.2019  09:31

• ArcelorMittal Kryvyi Rih will start construction of a tube furnace ArcelorMittal Kryvyi Rih presented at public hearings reports on environmental impact assessment for two investment projects - reconstruction of the complex of buildings and structures of sintering machines No. 1–3 of the second sinter plant and construction of a tube furnace in the benzene section ... 19.03.2019  15:44

• Vietnamese manufacturers increase steel sheet exports to EU At the end of last week, steelmaker Hoa Sen Group (HSG) exported 15,000 tonnes of steel sheets to the UK, Germany and Italy. The steel sheets were exported from the Hoa Sen Phú Mỹ factory in the southern province of Ba-Ri-Wong Tau. The company also announced the opening of a new factory for th... 19.03.2019  10:48

• Reducing VAT in China will lead to increased demand for steel China's announcement that April 1 will be the date for the introduction of a value-added tax cut aimed at stimulating manufacturing activity and reducing production costs for companies has generated a positive reaction from commodity market participants. Beijing unveiled a stimulus policy on... 19.03.2019  10:45

• Russia disputes EU anti-dumping duties The Russian Ministry of Economy and Trade has requested the creation of an arbitration panel at the World Trade Organization to consider EU anti-dumping measures on imports of cold rolled coil products, Callanish said from official reports. The ministry requested the creation of a commission on... 19.03.2019  10:42