Metallurgy news

• Chinese steelmakers report lower profits in 1H 2019 Due to high prices for iron ore in the first half of 2019, production costs for Chinese metallurgists increased. The China Iron and Steel Industry Association said that while China's steel production rose 9.9% on an annualized basis to 492 million tonnes in the first half of the year, higher... 31.07.2019  10:53

• SAIL SSP Privatization Will Lead to Stainless Steel Monopoly in India President of the Tamil Nadu Congress Committee Mr. K.S. Alagiri said the privatization of India Limited Limited's steel plant at the Salem Steel Plant would result in a monopoly on the country's stainless steel market. Mr Alagiri said: “Currently in India 60% of the stainless steel market is owned b... 30.07.2019  10:14

• Severstal increases sales of new products in the first half of 2019 In the first half of 2019, Severstal sold 192,000 tonnes of new products under the Food Innovations project, which is almost five times more than last year. Mr. Alexander Shevelev, CEO of Severstal, said: “In today's fast-paced world, customer needs for our products are changing rapidly. As part of ... 30.07.2019  10:11

• Dneprospetsstal: Successful unloading In connection with the increase in the volume of incoming metal in the heading shop of Dneprospetsstal, the enterprise decided to expand the area for unloading trucks and railway cars. Naturally, under the newly cast concrete platforms, a larger number of special equipment is needed - reloaders.... 29.07.2019  17:37

• ArcelorMittal postpones temporary shutdown of Krakow Steel Works ArcelorMittal announced its decision to postpone the previously announced temporary closure of its blast furnace and steel mill in Krakow, Poland. The decision followed protests from workers representing unions at the plant. It should be noted that about a thousand protesting workers picketed the... 29.07.2019  11:35

• US Steel has lost 70% of market capitalization since tariffs were introduced US steelmakers assess the Trump administration's steel tariffs and think, "Be careful what you wish for." Several news outlets reported that tariffs boosted production in the United States at a time when global demand was falling, resulting in lower prices. While companies with more efficient... 29.07.2019  11:28

• Positions of Ukraine in the global production of iron and steel in the first half of 2019 Pig iron production results According to Worldsteel, for 6 months of 2019, metallurgical enterprises of the countries of the world smelted 681 480 thousand tons of pig iron, of which 636 870 thousand tons by the blast furnace method and 44.610 thousand tons by the direct reduction method.... 29.07.2019  11:05

• Metinvest Group invests in upgrading the equipment of the oxygen shop The oxygen shop of the Azovstal steel plant of Metinvest Group is undergoing a planned modernization of equipment with an investment of UAH 30 million for the current year. At the moment, an air separation unit (VRU-60) has been commissioned, the repair of the air compressor is nearing... 26.07.2019  11:47

• Dneprospetsstal replaced the chairman of the board The Management Board of PJSC "Dneprospetsstal" informs the counterparties, government agencies and all interested parties about the change in the composition of the officials of CJSC "DNEPROSPETSSTAL". On July 24, 2019, the Supervisory Board decided to terminate the powers of Vitaly Nikolayevich... 26.07.2019  11:39

• Total U.S. finished steel imports declined Data released by the American Iron and Steel Institute (AISI) for June 2019 shows that the United States imported a total of 2.03 million tonnes of steel, including 1.71 million tonnes of finished steel, down 2.5% and 8.3 % respectively compared to the final data for May). In the first six... 26.07.2019  11:13