Metallurgy news

• China's steel production fell 6% month-on-month in November with 11% year-on-year growth China's crude steel production in November fell 6% from October to 77.62 million tonnes, but rose 10.8% year-on-year, according to data released by the National Bureau of Statistics. The annual growth rate also rose from 9.1% in October. The drop in steel production in November was the result of... 17.12.2018  09:34

• Chinese steel demand to drop 2.4% in 2019 The China Metallurgical Planning and Research Institute (MPI) predicts a 201% decline in overall steel demand in the country in 2019. Demand is likely to drop to around 800 million tonnes (tons). The projected decrease in steel demand in China will lead to an overall decrease in Asian demand by... 14.12.2018  10:27

• India aims to produce 300 million steel India recently became the second largest steel producer, ahead of Japan. The government's goal now is to produce 300 million tonnes (of steel) by 2030 from about 100 million tonnes at present. Increased production means there must be an increase in demand, ”said D Datta, AGM, Institute for Steel ... 14.12.2018  10:21

• Results of MMC of Ukraine in November and for 11 months of 2018 Comparative indicators of production of mining enterprises of Ukraine in November 2018: - pig iron - 1.64 million tons, which is 8% lower compared to October 2018; - steel - 1.66 million tons, down 7%; - rolled stock - 1.48 million tons, down 3%. The decrease in the production level in... 14.12.2018  10:08

• Impact of US tariffs on the economy A recent study published by the Economic Policy Institute found that US steel and aluminum tariffs did not hurt the economy or resulted in serious job losses. The study noted that there is no evidence of widespread negative economic impact from the high steel and aluminum tariffs imposed by the... 13.12.2018  11:34

• Steel prices in China increase losses due to slowdown in demand Chinese steel futures fell for the third straight session on fears of weaker demand next year as prices for steel raw materials, coking coal and coke retreat. Highlighting weak consumption, leading steel mill Baoshan Iron & Steel Co Ltd said Monday it will cut prices for its key products for... 13.12.2018  11:20

• Wire rod of PJSC "ArcelorMittal Kryvyi Rih" will replace imported in the production of frames for brake systems "Ukrzaliznytsia" Ukrainian wire rod has become an alternative to the supply of Chinese metal products, which were previously used in the manufacture of pads for brake systems of locomotives and freight cars of Ukrzaliznytsia. In October, PJSC ArcelorMittal Kryvyi Rih dispatched the first batch of its metal... 12.12.2018  17:39

• ArcelorMittal calls on Europe to introduce carbon offset tax Metallurgical concerns are alarming that the costs of the European Union's climate policy could raise steel prices or even double them. This is why ArcelorMittal is pushing for a carbon offset charge at the EU borders. An alternative is to relocate steel production to countries where climate... 12.12.2018  13:45

• Wire rod buyers demand an increase in EU quota European wire rod buyers are asking the European Commission to revise its limit on product imports, as the available quota lags far behind actual demand. According to Eunirpa, the European Association for Non-Integrated Wire Rod Producers, wire rod imports in 2018 will be 2.6 million tonnes,... 12.12.2018  13:25

• Liberty House aims to build a major steel mill in Australia The GFG Alliance and Liberty House have launched a plan to build a new 10 million tonnes per year steel plant next to an existing South Australian steel plant in Whyalla state. People would most likely call the plan "... crazy," said group owner Sanjeev Gupta, but "the project will start with a... 12.12.2018  09:45