Metallurgy news

• South Korean steelmakers have declining revenues amid rising raw material prices South Korea's steel industry is likely to see weak corporate earnings in the first quarter of this year due to rising commodity prices, falling steel prices and growing trade protectionism. According to corporate tracker FnGuide, market consensus shows that the nation's largest steel company,... 10.04.2019  10:51

• Prospects for Ukrainian metallurgical production for 2019 According to forecasts, steel production in Ukraine will grow by 12.7% to 23.8 million tons. This is an ambitious task for the country's mining and metallurgical complex, for comparison, in 2018, steel production increased by 0.5%. The achievement of these results largely depends on the effective... 10.04.2019  10:38

• China rebar contracts hit record high in seven and a half years Chinese steel futures rose on Monday on the back of seasonal gains in demand, supporting steel prices, including iron ore, extending the record rally driven by concerns over supply cuts. The most active steel rebar construction contract on the Shanghai Futures Exchange rose as much as 4.8... 09.04.2019  10:37

• Tata Steel production volume increased by 46% Tata Steel's crude steel production increased 46%, peaking in the fourth quarter of fiscal 2019. Meanwhile, Tata Steel's European steel production rose 17% over the previous year. Tata Steel's India operations reported the highest steel production in Q4 of fiscal 2019, driven primarily by the... 09.04.2019  10:32

• Mexico launches anti-dumping investigation on Chinese stainless steel The Mexican government has decided to open an investigation into the alleged dumping of cold rolled stainless steel imports from China and Taiwan. These actions follow from a complaint from a local manufacturer and trader, Outokumpu Mexinox (OTK). Mexico's Minister of Economy noted that there is... 09.04.2019  10:30

• ArcelorMittal Kryvyi Rih updated magnetic separation at Concentrator No. 2 ArcelorMittal Kryvyi Rih has completed the modernization of the magnetic separation area at the second ore processing plant (ROF-2). The total cost of the investment project was UAH 63 million. In total, ROF-2 has five technological sections, each of which includes three stages of grinding,... 08.04.2019  19:49

• Steel sheet prices already reflect slower growth in the US US economic growth may slow to 2.2% this year from 2.9% in 2018, reflecting weaker growth in private investment spending in non-residential premises, according to a report by S&P Global. Hot rolled steel prices in the United States have already declined 13.2% to $ 695 in Q1 2019 from $ 801 in Q1... 08.04.2019  12:08

• Chinese steelmakers report declining profits in January-February In China's steel industry, profits almost halved in the first two months of 2019 from a year earlier as production growth accelerated. According to the National Development and Reform Commission in the country, in January-February, the sector's profit was 29.6 billion yuan (about US $ 4.4... 08.04.2019  11:38

• Turkish billet manufacturers maintain optimism Turkish billet exporters remain optimistic, keeping offers in the range of USD 450-460 per tonne for Turkey grade. However, as traders say, competition from European suppliers in their traditional markets is too high and this could lead to lower prices. Competition from European factories in... 08.04.2019  11:33

• US No Longer Needs Inappropriate Metals Tariffs As NAFTA Negotiating Tactic Ratifying the new North American trade pact will need to address the trade issues that have plagued Foreign Minister Christia Freeland's trip to the NATO summit in Washington. Whether it is the Trump administration's "improper" imposition of metal tariffs as leverage in the controversial... 07.04.2019  19:07