Metallurgy news

• ArcelorMittal participates in asset trading with Essar Steel ArcelorMittal, a multinational steel corporation headquartered in Luxembourg, has become the preferred buyer of Essar Steel's indebted assets in India. The Creditors Committee (CoC), which was tasked with issuing the authorization, announced that a joint venture between ArcelorMittal and Japan's... 23.10.2018  11:12

• BASF and Nornickel team up to expand European battery production Germany's BASF and Russian mining company Nornickel have entered into a deal to supply nickel and cobalt to meet the growing demand for electric vehicles (EV). Under BASF's new base plant in Finland, the agreement could provide new impetus for European plans to build battery production capacity... 23.10.2018  11:01

• Thyssenkrupp announces force majeure due to low waterways A severe drought led to a decrease in water levels on German rivers, which led Thyssenkrupp Steel to suspend production. The Rhine River Company, which supplies raw materials to the Duisburg plants, announced the termination of the supply of crude oil and scrap metal. "The supply of raw... 23.10.2018  10:51

• Severstal is optimistic about future production Russia's Severstal, one of the country's largest steelmakers, reported a 25% lower Q3 baseline profit year-on-year, albeit slightly below analysts' forecasts. The company's shares were stable during trading on the Moscow stock exchange. Earnings before interest, taxes, depreciation and... 22.10.2018  12:32

• In October, the profitability of the metallurgical enterprises of Turkey and China will fall S&P Global Platts predicts that operating margins at steel mills in China and Turkey, which fell in September, will fall further this month on stronger coal and iron ore costs. There has been a situation where higher prices for imported coking coal, while prices for Chinese HRC and rebar... 22.10.2018  12:21

• Chinese rescuers ready to free miners Chinese authorities sent rescuers to rescue miners trapped after a coal mine accident in eastern Shandong province late Saturday, according to Chinese state media. An explosion Saturday night destroyed part of a drainage tunnel at a coal mine, killing two and capturing another 20 workers, the... 22.10.2018  11:38

• China sets new record for steel production Ahead of winter flock production restrictions as part of environmental measures, Chinese steelmakers have recorded production at record levels. Steel output rose 7.5% year on year to 80.85 million tonnes. This means that the daily rate is 2.695 million tons, surpassing the previous record high... 21.10.2018  13:15

• PJSC "ArcelorMittal Kryvyi Rih" proposes to introduce private traction at pilot sites Enterprises consider the increase in their own car fleet and the introduction of private traction on the railways of Ukraine not as a business, but as an opportunity to fulfill their contractual obligations, said Andrey Moroz, head of the external logistics department of ArcelorMittal Kryvyi Rih... 20.10.2018  12:09

• Spanish environmentalists demand the closure of mines A group of activists "Environmentalists in Action" and other organizations visited the European Parliament in Brussels and demanded the closure of all active mines in Spain. Supported by MP Xabir Benito, environmentalists organized a conference entitled "Mining in Europe: A New Challenge". At... 19.10.2018  12:18

• The rise in iron ore prices undermines the logic of the economy China's switch from industrial production to increased consumption is affecting everywhere, except for the production of iron ore miners. Vale SA, Rio Tinto Group and BHP Billiton Ltd., which together produce nearly half of the iron ore. The data presented data for the September quarter, which... 19.10.2018  11:37