Metallurgy news

• Baowu Group launches a project with a production capacity of 20 million tons per year A Chinese steel company begins construction of a 20 million ton high-grade steel plant in a coastal city in eastern China. The move comes when the government relocates coastal steel mills from cities to help reduce air pollution. The new project will be located in Yancheng City in the central... 03.12.2018  15:27

• Turkish rebar exports rise to 3-year high Exports of Turkish reinforcing bars increased 85% year on year in October to 754,447 tonnes, the highest monthly tonnage since February 2015, according to the Turkish Statistical Institute (TUIK). Their average cost was USD 514.4 per tonne against USD 517.6 per tonne in October 2017. The huge... 03.12.2018  15:14

• Steel trade hinges on U.S.-China tensions The US administration may want to ease its tariffs on steel trading, but countries in Europe and beyond are reluctant to reduce the protection of their metallurgists as long as the complicated trade relationship between the US and China prevails. After the U.S. sold 25 percent of tariffs on all... 03.12.2018  14:53

• ArcelorMittal invests in new Paradip steel plant in India ArcelorMittal's Luxembourg headquarters have announced plans to build a new steel plant in India. The proposed plant will be built at Paradip, a major maritime city in the state of Odisha. It is expected that the plant will be able to have a production capacity of 3-6 million tons per year. The... 30.11.2018  11:52

• Lower metal prices pose risks for Indian producers When metal prices fall, steelmakers suffer the most. They earn less for every ton of metal sold, resulting in lower profitability and lower cash flows. Some Indian producers have acquired distressed steel assets at relatively high levels. While this was done ostensibly for long-term profit, the... 30.11.2018  11:45

• Asian steel companies to remain stable in 2019 Overall profitability for Asian steelmakers will remain strong in 2019 despite softening demand, Moody's Investors Service said in a statement. In its latest report, the 2019 Asia Steel Outlook, Moody's said its outlook for the steel industry in Asia in 2019 was stable, based on an assessment of... 30.11.2018  10:52

• ArcelorMittal Italia prepares for significant increase in production ArcelorMittal is investing 150 million euros ($ 169.6 million) in its northern Italian facilities in Cornigliano and Novi Ligure. Last week, CEO Matthieu Jehl said that starting in January, Ylva's North Italian facilities will increase production to 40,000 tonnes per month, or nearly 500,000... 28.11.2018  13:01

• Germany postpones decision to phase out coal until February Germany has postponed until February a decision on how quickly Europe's largest economy should phase out coal-fired power plants, and whether the government should compensate utilities and help regions that may face job losses. Since coal mines are the only truly domestic resource in a country... 28.11.2018  12:46

• Leading steel producers in the first ten months of 2018 The total steel output in the first ten months of this year amounted to 1.502 billion tons. This is up 4.7% from production of 1.434 billion tonnes for the corresponding ten-month period in 2017. Steel production data of the top ten producing countries in thousands of tonnes : 1.China... 28.11.2018  12:34

• Iron ore and steel prices fell in China China iron ore futures fell nearly 6 percent and steel prices fell to their lowest level in nearly five months on Monday, as concerns over weaker steel demand triggered a sell-off and coking coal and ore raw materials also fell sharply. Steel traders are not restocking on concerns that demand... 27.11.2018  13:04