Metallurgy news

• Ukrainian government wants to attract $ 50 billion in investments The goal of the government, according to Prime Minister Oleksiy Honcharuk, will be the growth of the Ukrainian economy by at least 40% over the next 5 years. So in 2020, the country's GDP should increase by 5%, and in 2021-2024 it should grow by 7% annually. If the GDP growth rate doubles... 01.10.2019  10:20

• Congressmen urge Trump to exempt Israeli steel imports from tariffs Two congressmen on the House Tax Writing Committee, a Republican and a Democrat, want the Trump administration to free Israel from steel and aluminum tariffs. Representatives Brad Schneider, D-Ill and David Schneidert, R-Ariz., Asked Robert Lighthizer, the US Trade Representative, to add Israel to... 01.10.2019  10:20

• "Zaporozhkoks" put into operation a new line for pitch granulation Zaporozhkoks, within the framework of the strategy of technological modernization of Metinvest Group, launched a new line for granulation of electrode pitch Ligran No. 2 in the resin distillation shop. Investments amounted to UAH 152 million. The Zaporozhkoks resin distillation shop produces... 30.09.2019  11:00

• Global steel production surged on the back of China's leap: what's next? Global crude steel production increased in August as steel mills in China - the world's largest steel producer - increased production after slowing in July due to tough smog measures in Beijing. The World Steel Association ("WSA"), the international trade organization for the iron and steel... 30.09.2019  10:49

• HRC imports to Turkey increased in July According to statistics from the Turkish Statistical Institute (TUIK), in July 2019, imports of hot rolled steel coils (HRC) to Turkey amounted to about 348,000 tons, an increase of 44.6% year-on-year and 14.9% month-on-year. The import value was about US $ 187 million, an increase of 14.1% over... 30.09.2019  10:33

• MMK strengthens cooperation with TMK Magnitogorsk Iron and Steel Works and TMK held a meeting of their coordinating council in the city of Volzhsky, Volgograd Region. The parties discussed the results of joint work and outlined areas for further cooperation. The last meeting was the 27th for the coordinating council. It was attended... 30.09.2019  10:22

• Latin American steel exports to the United States fell due to quotas and weak demand Steel exports from Latin America to the United States fell in August under pressure from quotas and increased production in the United States. Shipments from the region totaled 276,647 tons, down 70% from 925,113 tons in the same month last year, according to the US Census Bureau. In value... 30.09.2019  10:13

• NLMK plans to supply 5 million tonnes of slabs to OMK NLMK Group shipped 5 million tonnes of slabs to the Vyksa Steel Works, part of the OMK Group. NLMK Group and OMK have created a unique technological chain in Russia. NLMK produces slabs at the Lipetsk site from iron ore mined by Stoilensky. VMZ then processes these slabs into heavy slabs at mill... 27.09.2019  11:55

• ArcelorMittal South Africa: to close loss-making factories ArcelorMittal South Africa, one of the subsidiaries of the world's leading steel producer ArcelorMittal, announced on September 25 that it will close its factories, which are currently losing money following a data revision. ArcelorMittal South Africa suffered a huge operating loss, losing about... 27.09.2019  10:59

• Huaiye Technology launches continuous hot rolling project in Uzbekistan Lida Metal Technology has conducted thermal testing of a hot rolling project in Uzbekistan. This was the first phase of the project and a rebar production line with an annual capacity of 300,000 tons will be built. The second phase of the annual production capacity will reach 500,000... 27.09.2019  10:47