Metallurgy news

• China's energy plan envisions a giant railway line Nothing demonstrates China's dedication to the dirtiest fossil fuels better than the eschewing massive coal railroad. Nearly a decade later, the Haoji Railway, worth about $ 30 billion, will eventually transport up to 200 million tons from key mining regions in the north to consumers in the... 23.09.2019  11:35

• US steel capacity remains below 80% utilization US steel production declined in the week ending September 14 as domestic steel mills continued to operate below 80% of their capacity, according to the latest weekly report from the American Iron and Steel Institute (AISI). Capacity utilization, a key metric in the steel industry, has remained... 23.09.2019  11:27

• Russian exports of ferrosilicon have grown According to statistics, Russian exports of ferrosilicon (silicon> 55%) in July amounted to about 38,000 tons, which is 40% more than in the previous month. Among destinations, exports to the Netherlands, South Africa and Mexico were down month on month, but exports to South Korea, Japan, India... 23.09.2019  10:49

• Impact of US sanctions on Iran's rolled metal exports to the EU While the European Commission has criticized US sanctions against Iran, it has significantly reduced its steel trade with Iran from last November to the current sanctions. In the first half of 2019, the EU only imported 7,856 tons of Iranian steel, down 90% from the same period last... 20.09.2019  15:21

• Russia tries to sell rolled metal products in Southeast Asia Russia has made a number of proposals that should interest Southeast Asia in placing orders for rolled metal, since prices for hot rolled steel in this region may also recover in the near future. In fact, while Russia has been doing its best to get orders in the Asian market since prices in... 20.09.2019  09:47

• Iron ore prices hit a five-year high Few commodities have experienced such spectacular price booms this year as iron ore. By early July, the price of this steelmaking raw material for the first time since 2014 exceeded $ 120 per tonne - the culmination of an explosive rally that began earlier this year and has remained almost... 20.09.2019  09:36

• Severstal launches Worldsteel's global greenhouse gas reduction program PJSC Severstal has begun an active phase of work under the Acceleration Program of the World Steel Association, which aims to reduce its impact on the environment and climate. This project will enable the Cherepovets Steel Mill to conduct a study using the Worldsteel system and identify... 19.09.2019  11:06

• JSW Steel cuts US capital expenditures by 60% due to low capacity utilization JSW Steel slashed its US capex plans by 60% to $ 400 million due to weak demand and a slowing economy. Seshagiri Rao, Managing Director of JSW Steel, told Business Line that “the company has already invested $ 250 million to restart production at Mingo Junction in Ohio in the first phase, and a ... 19.09.2019  10:09

• Moody's completes periodic review of MMK Moody's rating reflects the strong financial performance of Magnitogorsk Iron and Steel Works, but notes in its review that MMK is affected by the macroeconomic, regulatory and operating environment in Russia, as most of the company's metallurgical production is located in Russia .. Moody's... 19.09.2019  09:40

• Interpipe enters the Bahrain oil and gas market The Ukrainian industrial company Interpipe has successfully passed the prequalification of Tatweer Petroleum and entered the list of approved suppliers of line pipes for the Bahrain market. Tatweer is developing and developing several fields using large volumes of pipes, including products for... 18.09.2019  12:55