Metallurgy news

• Brazil plans to indict iron ore mining company in connection with mine accident The Brazilian prosecutor's office has decided to open a criminal case against the Brazilian mining company Vale SA and its employees in connection with the collapse of the dam in January this year, which killed hundreds of people. Investigators have gathered enough evidence to confirm that Vale... 12.04.2019  11:08

• ASEAN steel production is skyrocketing Southeast Asia is one of the fastest growing steel regions in the world, Duferco Asia Managing Director Subhendu Bose said this week at the Asia Steel Markets conference in Ho Chi Minh City. Steel production in the ASEAN region has grown by 60% or more than 11 million tonnes per year over the... 12.04.2019  10:59

• Production results of MMC of Ukraine in the first quarter of 2019 In March 2019, it was smelted: - 1.83 million tons of pig iron, which is 15% higher compared to February 2019; - 1.97 million tons of steel, which is 17% higher; and produced 1.69 million tons of rolled metal, which is 15% higher compared to February 2019; The increase in production in... 12.04.2019  10:28

• Tata Steel completes acquisition of Usha Martin's steel business Tata Sponge Iron Ltd, a subsidiary of Tata Steel, has announced that it has completed the long-awaited acquisition of Ushi Martin's steel business. The company is poised to take over the management of a million tonnes Usha Martin steel plant near Jamshedpur. With that, the 4,525 crore deal, which... 11.04.2019  11:10

• Iranian steel production up 7.6% YTD Iran's crude steel production in January and February was 4.24 million tonnes, up 7.6% from 3.94 million tonnes in the same period in 2018, the Iranian Organization for the Development and Reconstruction of Mining and Mining ( IMIDRO) with reference to data published by the World Organization.... 11.04.2019  11:04

• Steel consumption in India in 2019 will exceed the psychological mark of 100 million tons Steel consumption in India could surpass the psychological mark of 100 million tonnes in 2019, according to the forecast of the Indian Steel Producers Association, which includes local steel producers. According to the ISA, the growth in consumption is driven by an expected 7.1% increase in... 11.04.2019  10:58

• US steel production increased by 8% Weekly U.S. steel output rose significantly during the week ending April 6, 2019 from the previous week. This is in line with the latest weekly production statistics published by the American Iron and Steel Institute (AISI). In addition, weekly production remained marginally higher compared to the... 10.04.2019  10:55

• South Korean steelmakers have declining revenues amid rising raw material prices South Korea's steel industry is likely to see weak corporate earnings in the first quarter of this year due to rising commodity prices, falling steel prices and growing trade protectionism. According to corporate tracker FnGuide, market consensus shows that the nation's largest steel company,... 10.04.2019  10:51

• Prospects for Ukrainian metallurgical production for 2019 According to forecasts, steel production in Ukraine will grow by 12.7% to 23.8 million tons. This is an ambitious task for the country's mining and metallurgical complex, for comparison, in 2018, steel production increased by 0.5%. The achievement of these results largely depends on the effective... 10.04.2019  10:38

• China rebar contracts hit record high in seven and a half years Chinese steel futures rose on Monday on the back of seasonal gains in demand, supporting steel prices, including iron ore, extending the record rally driven by concerns over supply cuts. The most active steel rebar construction contract on the Shanghai Futures Exchange rose as much as 4.8... 09.04.2019  10:37