Metallurgy news

• Shanghai steel contracts hinge on U.S.-China trade war Hot rolled metal and China rebar futures were higher on Friday as investors hoped the US and China would move closer to a trade deal. However, futures marked their weakest week in three months. The leading trade talks between the United States and China concluded the first of two days of... 13.05.2019  11:17

• European Valve Exporters Benefit from Algerian Manufacturing Challenges Over the past two weeks, rebar exporters from Southern Europe have benefited from problems at some of the main Algerian rebar factories. At the end of April, the Tosyali Algerie factory was shut down for several days due to a workers' strike. While production is reported to have resumed, a... 11.05.2019  11:38

• Vale SA sales decline after dam break Brazil's Vale SA said its production and sales of iron ore fell in the first quarter from a year earlier, reflecting the aftermath of the deadly collapse of the Brumadinho dam in late January. Iron ore production fell 11 percent to 72.87 million tonnes, while sales of this product fell 22... 10.05.2019  15:49

• Chile lifts anti-dumping duty on Mexican rebar The Chilean National Commission on Price Distortion (CNDP) has decided not to impose duties on imports of Mexican rebar. The authorities made this statement after the anti-dumping investigation was closed on May 5. The CNDP decided not to implement the measures "... after its committee... 10.05.2019  15:39

• Dneprospetsstal: results of April 2019 In April 2019, PrJSC Electrometallurgical Plant DNEPROSPETSSTAL named after I. A.N. Kuzmina ”delivered 20,710 tons of steel, which is 2.2% higher than the level of the previous month. During the same period, the Company produced 12,980 tons of rolled metal, which is 2.8% more than in March 2... 10.05.2019  15:30

• JSC "Ukrzaliznytsia" may receive less funds from the sale of scrap metal JSC "Ukrzaliznytsia" on 27.04.2019 and 05.05.2019 of the current year announced new auctions for the sale of scrap metal through the ProZorro system. Taking into account the level of purchase prices of metallurgical enterprises as of 05/08/2019, as of this date, the average estimated starting... 10.05.2019  10:10

• Ukrzaliznytsia ignores market position on scrap metal tenders for ProZorro In the period from the end of April to the beginning of May 2019, Ukrzaliznytsya put up for sale the next large consignments of ferrous scrap through the ProZorro system. At the same time, the terms of the tenders did not change for the better compared to previous auctions: metallurgists are... 09.05.2019  16:31

• ArcelorMittal overhaul of production will not have a significant impact on the price of rolled metal European traders and distributors are currently unsure whether the latest announcement from ArcelorMittal to cut production by 3 million tonnes per year at European rolling mills could affect prices. Coil price indices hit their lowest levels since the third quarter of 2016 as demand struggles... 09.05.2019  16:19

• Global supply and demand for steel scrap According to the presentation by Worldsteel at the 12th China International Metal Recycling Conference in 2019, the trend of electric arc furnace production is expected to grow. Currently, EAF is the main destination in Europe, North America, the Middle East, Southeast Asia and Africa. China... 09.05.2019  16:14

• EBRD wants to give Ukraine $ 35 million for the purchase of grain wagons The European Bank for Reconstruction and Development (EBRD) is considering a US $ 35 million loan to Louis Dreyfus Company in Ukraine. This is stated in a message on the bank's website. As noted, the financing will go to the purchase of up to 1,000 wagons of grain hoppers. According to the... 08.05.2019  11:23