Metallurgy news

• The UK recorded a budget deficit of 17.7 billion pounds The UK recorded a budget deficit of 17.7 billion pounds ($23.85 billion) in May, according to a report from the Office for National Statistics (ONS).The figure increased by 0.7 billion pounds compared to May last year. Economists on average expected a deficit of 17.1 billion pounds.Since the... 21.06.2025  20:00

• Continental completes the preparation of grain elevators for the new harvest The Continental grain elevator facilities with a capacity of 634 thousand tons are being prepared for the grain harvest in 2025, repairs, comprehensive cleaning and disinfection of silos are being completed, after which a new crop will begin to arrive at the elevators, the press service of the... 21.06.2025  19:00

• Trump will increase tariffs for steel imports in the USA to 50% US President Donald Trump announced that tariffs for steel imports from the United States will be increased by 50%, which is half the current rate, CNN reports. “We are going to increase steel tariffs in the United States of America by 25%, from 25%to 50%,” he said during the performance at the S... 21.06.2025  17:14

• Velta has received its third U. S. patent for titanium recycling technology The Velta Group of Companies with titanium-bearing mining assets in Novomirgorod (Kirovograd region) has received its third patent from the United States Patent and Trademark Office (USPTO) for its own innovative Velta Ti Process technology.According to a press release on Monday, the new patent... 21.06.2025  17:14

• Zaporizhstal in five months increased the rental by 4.6% Zaporizhzhya Metallurgical Plant Zaporozhstal in January-May of this year increased its rental by 4.6% compared to the same period last year-up to 1 million 97.3 thousand tons from 1 million 48.8 thousand tons. , according to the press release of the plant on Monday, the production of steel for... 21.06.2025  17:00

• Trump raises tariffs on steel and aluminum in the United States to 50% US President Donald Trump increased duties on steel and aluminum from 25% to 50%, fulfilling a promise to raise taxes on imports to the United States to help domestic producers, a decree signed on Tuesday came into force on Wednesday, Bloomberg reports.The decree says that the previous duties "have... 21.06.2025  17:00

• Steel consumption in Ukraine increased by 5.9% in 2024, but did not return to the world leaders table In 2024, Ukraine increased the visible use of steel by 5.9% compared to 2023, to 3.6 million tons from 3.4 million tons. The consumption for a person was 95 kg (versus 93.4 kg in 2023). This is significantly lower than the average ID indicator 214.7 kg/person. according to WorldSteel data,... 21.06.2025  16:00

• Ukraine rose to the top 10 net pig iron exporters, consumption increased by 21% By the end of 2024, Ukraine produced 7.1 million tons of pig iron, of which 1.3 million tons were exported. The apparent consumption of pig iron increased to 5.8 million tons, which is 21% more than in 2023 (4.8 million tons).In the world ranking of net pig iron exporters, Ukraine rose to 10th... 21.06.2025  16:00

• Ukrgrafit increased its loss by 81% In January-March of this year, PJSC Ukrainian Graphite (Ukrgraffit, Zaporizhia) increased its net loss by 80.6% compared to the same period last year to UAH 65.870 million from UAH 36.466 million.According to the company's interim report, net profit for this period decreased by 1.6% to UAH 296.640... 21.06.2025  15:25

• Metinvest automates 95% of the processes using AI Mining and metallurgical group Metinvest transforms its business processes using artificial intelligence (AI) through automation, the use of drones and the use of these tools in the financial sector. "In 2020, we were able to automate about 70% of the processes, and 30% remained inaccessible due... 21.06.2025  15:25