Metallurgy news

• Stainless steel production in China up 3.7% in July China's stainless steel production in July was 2.53 million tonnes, up 3.71% over June and 18.65% in July 2018. Higher margins have forced stainless steel mills to increase production from Series # 300 at the expense of Series # 400. It says production of # 300 stainless steel was up 3.91% from the... 13.08.2019  13:21

• Tata Steel reorganizes subsidiaries in India and Europe Tata Steel has embarked on a restructuring and simplification of its group structure by downsizing and reorganizing its subsidiaries in Europe and India. Mr. T.V. Narendran, CEO of Tata Steel, said: “We have about 300 subsidiaries in Europe. The clean-up has already begun and we hope to reduce it b... 13.08.2019  13:12

• Severstal joins the Renewable Energy Development Association PJSC Severstal joined the Renewable Energy Development Association. ARVE is a non-profit organization representing the interests of participants in the renewable energy sector in Russia and leading activities to stimulate investment and promote the use of renewable energy in the country. The... 12.08.2019  12:25

• ArcelorMittal Kryvyi Rih supported the initiatives of the Office of the President of Ukraine Top managers of ArcelorMittal Kryvyi Rih met at the end of July with Head of State Volodymyr Zelenskiy, and recently held talks with representatives of the Office of the President of Ukraine, discussing the possibilities of improving the environmental situation and introducing social projects in... 12.08.2019  12:11

• Tata Steel's profit fell 65% Tata Steel's operations in India declined sharply year on year, capping consolidated net income by nearly 65% ​​during the first quarter of the current fiscal year ended June 30, 2019. The decline was mainly due to a sharp drop in steel prices and higher costs. In its most recent report on the Bo... 09.08.2019  07:30

• EU HRC import prices fell to new lows The import price index for HRCs shipped to southern Europe fell to a new six-month low this week as the market fell silent over the summer break. As a result, the level of Turkish export offers decreased again. After a period of stability in July, this week the price stood at 462.5 euros /ton... 08.08.2019  09:25

• Taiwanese stainless steel makers plan to invest in Indonesia To counter the stainless steel giants invested by China, the Taiwan government has also begun asking all of Taiwan's top stainless steel producers such as Yusco, Walsin Lihwa, Fuxin and Yuan Long Stainless Steel Corp. to integrate the domestic stainless steel industry to improve... 06.08.2019  06:52

• Japan's Kobe Steel Cuts Fiscal Year Profit Forecast Japan's third-largest steelmaker, Kobe Steel Ltd, cut its full-year profit forecast to the end of March 2020 by 67% on Friday as the escalating trade war between the US and China eroded demand for steel, cars, aluminum and copper. The company's current profit for the year to March 31, 2020 is... 05.08.2019  11:20

• Outokumpu Reports Strong First Half Operating Results Outokumpu's semi-annual operating results reported satisfactory second quarter results and Group Adjusted EBITDA of € 91 million. Roland Baan, President and CEO, said he was particularly pleased with the commercial and operational performance of the business in Europe - “our product portfolio has... 05.08.2019  10:36

• New US Tariffs Will Hit China's Tech Sector US President Donald Trump tweeted Thursday a plan to impose 10 percent tariffs on an additional $ 300 billion of imports from China starting September 1, affecting products such as laptops, tablets and smartphones. Analysts said Friday that an additional 10 percent tariff imposed on US $ 300... 05.08.2019  10:27