Metallurgy news

• MMK expects Russian demand to support sales in the third quarter Magnitogorsk Iron and Steel Works (MMK) expects domestic demand for steel products to grow steadily in the third quarter to support strong sales. Completion of the next upgrade phase for the 2500 hot strip mill will have a positive impact on sales, supporting the group's financial performance in... 17.07.2019  12:40

• NLMK steel output decreased by 9% Consolidated crude steel production at NLMK in the second quarter of 2019 amounted to 4 million tonnes. This is significantly lower - by 9% compared to the previous year. In addition, production for the second quarter was down 5% from the previous quarter. The drop in production is mainly due to... 17.07.2019  12:35

• New energy-saving technologies are being introduced at MMK named after Ilyich Energy-efficient lighting is great in every sense: it does not harm the health of employees and adds economic health to production. In the oxygen converter shop and sheet metal shop 1,700 of the Ilyich Iron and Steel Works Metinvest Group have completed the modernization of the ceiling lighting.... 16.07.2019  22:03

• ArcelorMittal Kryvyi Rih opens Steel People photo exhibition today This year ArcelorMittal Kryvyi Rih has a double reason for the celebration - apart from the Day of the Metallurgist and the Miner, the company will soon celebrate its 85th anniversary. The company invites all residents of the city to the grand opening of the Steel People photo exhibition at the... 16.07.2019  15:33

• Tata Steel India demonstrates 20% production growth in Q1 2015 Commenting on Q1 2020 sales volumes, Tata Steel announced that global business confidence has plummeted in recent months amid wider economic weakness and uncertainty over the ongoing U.S.-China trade conflict that has negatively impacted investment decisions, spending on investment and trade flows.... 16.07.2019  12:02

• China's second-quarter GDP growth slows to 27-year low China's economic growth slowed to 6.2% in the second quarter, the lowest in 27 years, as domestic and foreign demand eased amid growing US trade pressures. While a more optimistic June factory output and retail sales showed signs of improvement, some analysts warned that growth could be volatile... 16.07.2019  11:48

• NLMK USA increases production of steel in Q2 while sales decrease Russian steel company NLMK reduced steel sales to the United States in the second quarter, while production rose. NLMK's US hot-rolled steel sales fell 15% quarter-on-quarter to 313,000 tonnes from 369,000 tonnes in the same months a year earlier. Cold rolled steel sales fell 15% year on year... 16.07.2019  11:01

• Metinvest reports that Azovstal is operating normally The burnout of the mixer and the subsequent pouring of pig iron did not affect the production processes of the Azovstal steel plant in Mariupol. According to the press service of the Metinvest management company, the burnout of the mixer will not affect the environment and the production processes... 15.07.2019  21:14

• Nippon Steel will sell nearly $ 2 billion in assets to buy Essar Steel Until March 2021, Nippon Steel will unload assets worth up to 200 billion yen (US $ 1.85 billion), which is beyond the original sales plan to finance the acquisition of India's Essar Steel. Sales will focus on fixed assets such as equity and land. Executive Vice President Katsuhiro Miyamoto said... 15.07.2019  13:13

• Two companies are interested in buying the Bosnian plant Jelsingrad Liva The sale of the Bosnian steel mill Jelsingrad Livar generated interest from two bidders. News Glas Srpske quoted Jelsingrad Livar CEO Miodrag Brdar as saying that “I received information from the Livar Group that two companies have applied to buy shares, but further details remain a trade s... 15.07.2019  13:10