Metallurgy news

• 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

• Severstal announces 2Q 2019 production results PJSC Severstal announces production results for the second quarter of 2019. Hot metal production decreased qoq in Q2 2019 to 2.30 Mt (Q1 2019: 2.36 Mt) due to short-term maintenance work at BCP # 1, BCP # 4 and PZ # 5. Steel production remained largely unchanged at 3.06 million tonnes (Q1 2019:... 15.07.2019  12:50

• Ukraine has increased the export of semi-finished steel According to DP Derzhzovnishinform, Ukrainian companies exported 3.84 million tons of steel semi-finished products in the first half of 2019, which is 7.2 percent more than in the same period in 2018. Nevertheless, the proceeds from the sale of billets abroad fell by 5.5 percent - to 1 billion 620... 12.07.2019  16:27

• ArcelorMittal Italia lawyers are exploring a solution to avoid the closure of the oven ArcelorMittal lawyers are examining initiatives to avoid the closure of a second blast furnace at the former ILVA steel mill, ordered by the Taranto prosecutor on Tuesday. Lawyers said they have begun "hypothesizing" initiatives, possibly with the consortium that hosted ILVA last... 12.07.2019  11:32

• Kobe Steel establishes Kobelco Europe's European headquarters in Germany Kobe Steel Ltd announced the creation of Kobelco Europe GmbH earlier this month as the European headquarters of the Kobe Steel Group. KEU grew out of the existing Kobelco Machinery Europe GmbH in Munich, Germany. KME was founded in 2012 as a base for Kobe Steel's engineering business in Europe,... 12.07.2019  11:10