Metallurgy news

• Dneprospetsstal: results of June 2019 In June 2019, PJSC DNEPROSPETSSTAL delivered 16,457 tons of steel, which is 10.8% less than the level of the previous month. During the same period, the Company produced 12,641 tons of rolled metal, which is 7.6% less than in May 2019. The total cost of commercial products manufactured in June... 22.07.2019  11:51

• Steel demand in India will grow by 7% in 1919-20 Tata Steel Chairman Mr. N. Chandrasekaran, speaking to shareholders at his AGM, said that steel demand in India will grow by 7 percent in 1919-20, leading to 103 million tons amid a huge number of infrastructure projects. which are announced by the government. Mr Chandrasekaran added that Tata... 22.07.2019  11:37

• British Steel sales are delayed again The Daily Mail said the sale of British Steel will be delayed further. An email sent on behalf of Sam Woodward of the restructuring team said, “I can confirm that we have not set a deadline for completing the sale process. You noticed that various parties were present at the site last week for due d... 22.07.2019  11:32

• China to introduce anti-dumping tax on stainless steel On Monday, China said it would impose anti-dumping duties on certain stainless steel products imported from the European Union, Japan, South Korea and Indonesia. Anti-dumping tariffs ranging from 18.1% to 103.1% will apply to stainless steel billets and hot rolled stainless steel sheets from... 22.07.2019  10:57

• Turkish steelmakers struggling amid higher costs Turkish factories are in a difficult position due to the recent increase in energy prices, as well as high scrap prices in finished product prices amid sluggish mood in the domestic market and fierce competition in export markets. Production costs for Turkish mills have risen markedly in recent... 22.07.2019  10:41

• Interpipe will continue to supply pipes to the US market The Ukrainian industrial company Interpipe declares that the Suspension Agreement on the non-application of a 7.5% anti-dumping duty in the United States on its oil and gas pipes in exchange for setting minimum prices for its products has expired due to the expiration of its validity period. The... 20.07.2019  11:06

• Steel makers may cut revenues due to iron ore supply problems The latest research report from CRISIL said that non-integrated steelmakers' margins are likely to come under pressure, mainly due to rising iron ore prices. By the way, iron ore prices account for almost 15% of the total operating costs of non-integrated steel producers. Iron ore leases, which... 19.07.2019  12:47

• Sino-Sino American trade war is unlikely to end soon The Korea International Trade Association (KITA) said in its report that South Korea's trade strategies should be based on the assumption that the ongoing trade war between the United States and China is more constant than variable. “The war is likely to last a long time, even in the case of s... 19.07.2019  11:27

• Rio Tinto is going to cash in on the rising price of iron ore Mining company Rio Tinto is set to cash in on the rising iron ore price despite a drop in production and shipments of key steel commodities in June. Rio confirmed that the average price paid for its iron ore rose 35.6% in the first half of 2019. The higher price is expected to underline a better... 18.07.2019  15:10

• Foreign exchange earnings from the export of ferrous metals decreased due to a decrease in export prices The metallurgical complex has been and remains an important basic sector of the economy of the Donetsk region. In January-May 2019, enterprises of metallurgical production and production of finished metal products sold products worth 51.2 billion UAH, which amounted to 39.9% of the total sales of... 18.07.2019  12:36