Metallurgy news

• MMK is approaching the completion of the construction of the second stage of a modern sinter plant It is expected that the new high-tech sinter plant of PJSC Magnitogorsk Iron and Steel Works (MMK), the second stage of which is planned to be put into operation in the near future, will add c. USD 40 million to EBITDA of the Company per year. In addition to increasing productivity, the unit should... 21.05.2019  10:41

• Tokyo Steel keeps steel prices unchanged in June for 6th consecutive month Tokyo Steel Manufacturing Co Ltd, the largest electric arc furnace steel producer in Japan, said on Monday that steel product prices will be stable in June for the sixth consecutive month, citing a weaker overseas market and strong domestic inventories. In June prices for steel bars, including... 21.05.2019  10:34

• ArcelorMittal Kryvyi Rih "plans to reconstruct the wire mill No. 1 At a public hearing, ArcelorMittal Kryvyi Rih presented an environmental impact assessment report for the reconstruction project of Wire Mill No. 1 with the replacement of two layers and two tribes. The design decisions were made based on the basic engineering of the technology and main equipment... 21.05.2019  10:30

• USA with Canada and Mexico versus steel from China President Donald Trump said on Friday that the United States has entered into an agreement with Canada and Mexico to lift duties on steel and aluminum imports from those countries. In return, Ottawa and Mexico will take steps to prevent Chinese steel exports to these countries. Washington is to... 20.05.2019  10:47

• British Steel Saved 4,500 Jobs British media report successful negotiations in the UK. Aiming at British Steel's troubles, he contacted creditors. The company received approval for additional funding, which will save 4,500 employees. The situation in British Steel (BS) is reported by The Guardian on Friday (May 17). The... 20.05.2019  10:40

• Iron ore contracts hit record high Iron ore futures in China rose nearly 6%, to a record high since contracts were launched in 2010, driven by an outlook for strong demand from steel mills. The most active contract for the supply of iron ore in September on the Dalian Mercantile Exchange climbed 5.8% to 710 yuan ($ 102.87) per... 20.05.2019  10:00

• US Steel Import Permits Up 27% A recent report released by the American Institute of Iron and Steel (AISI) indicates a significant increase in steel import filings in the month of April this year. Based on the latest data from the Department of Trade and Steel Import Analysis (SIMA), the number of permits increased by 3.6% on... 17.05.2019  18:18

• Mexico Considers Posco Cold Rolled Steel Import Quota Mexico is revising South Korean steelmaker Posco's commitments to import cold rolled steel into the country. So says the Mexican Minister of Economy (SE) in a document published in the official gazette. Posco says it expects growth in the Mexican automotive sector between 2019 and 2023 and... 17.05.2019  18:12

• Interpipe opened a mechatronics laboratory at Dniprovska Polytechnic On May 16, the first mechatronics laboratory in the region was opened at NTU “Dneprovskaya Polytechnica”. The educational space was created with the support of the Ukrainian industrial company INTERPIPE. Mechatronics is the technical profession of the future, the essence of which lies in the man... 17.05.2019  12:22

• Chinese steel mills return to high quality iron ore Chinese steel mills are increasing their interest in high-quality iron ore despite record high ore prices, managers and traders say, as the recovery in profitability encourages mills to strive to improve efficiency and increase production. At the end of 2018, steel companies were forced to cut... 16.05.2019  12:34