Metallurgy news

• There is a fight against illegal mining in the Amazon The consequences of illegal mining in the Peruvian Amazon are dire. Peruvian President Martin Viscarra has shared a video on his social media where he announces that the authorities will be permanently present in the Amazon to protect against the development of illegal mining. Earlier that year,... 18.03.2019  09:18

• Euro Pricing May Delay European LME Steel Contract Until 2020 According to industry sources, the London Metal Exchange's plans to launch a European steel contract will be delayed until next year because the industry wants the price to be in euros, which the exchange's clearing house cannot handle. The LME launched a number of cash-settled futures contracts... 18.03.2019  08:58

• Russian steel producer reaps the benefits of innovative investment In 2018, the Russian steel plant Magnitogorsk Iron and Steel Works (MMK) invested about RUB 500 million in energy efficiency initiatives. According to MMK, one of the key instruments for improving energy efficiency is "the development and implementation of a platform for innovative proposals."... 18.03.2019  08:48

• Global coal supply may not cover demand in the coming years Global demand for thermal coal is expected to increase in the coming years, but whether there will be a supply to meet its needs remains questionable, group members told CERAWeek from IHS Markit. The main problem is the lack of investment in new field development projects for a number of... 17.03.2019  11:12

• Steel Dynamics Selects Site for New Steel Rolling Mill Steel Dynamics, Inc. (SDI) has yet to make a final decision on where its new flat rolling mill will be located. The company announced plans to build a new $ 1.8 billion steel mill in the Southwest United States. Several potential locations are being considered, including San Patricio County,... 17.03.2019  11:06

• ArcelorMittal Kryvyi Rih raises wages to its employees ArcelorMittal Kryvyi Rih, the largest enterprise in the mining and metallurgical complex of Ukraine, has been raising the salaries of all its employees and employees of its subsidiaries by an average of 15% since May 1, and up to 20% for certain professions. Last year ArcelorMittal Kryvyi Rih... 16.03.2019  09:35

• Falling consumer demand may curb India's steel production boom After a weak January result, steel production in India rose in February, up 5.7% from a year earlier. Joint production committee data compiled by SBICAP Securities Ltd also show healthy growth in steel demand, with consumption increasing 8.6% last month. However, amid growing evidence of declining... 15.03.2019  09:42

• Interpipe is one of the largest payers of taxes and fees in 2018 Throughout 2018, the Ukrainian industrial company INTERPIPE transferred UAH 2.17 billion to the budgets of all levels and off-budget funds. Compared to 2017, the volume of tax payments increased by 14.8%. The amount of deductions to the state budget amounted to about UAH 1.334 billion, to local... 15.03.2019  09:36

• Head of Liberty Steel USA on the negative impact of steel tariffs US Section 232 tariffs on US steel imports were introduced last year to support US steel producers, but tariffs are not necessarily a good long-term solution for the industry, Liberty Steel Holdings USA President Vikrant Sharma said Thursday. Freight logistics is "one of the biggest problems in... 15.03.2019  09:24

• Iranian steel exports continued to fall in February Iran's major Iranian steel companies reported a 51% month-on-month decline in exports from Feb.19 to 373,888 tons. In the 11 months to 19 February, these exports fell 22% year on year to 5.1 million tonnes. Iran's largest steel exporter, Khouzestan Steel, said monthly overseas shipments fell... 14.03.2019  10:47