Metallurgy news

• Rio Tinto's Shareholder Returns Record 2018 Rio Tinto (NYSE: RIO), a leading global mining player and one of the largest iron ore producers in the world, reported fiscal 2018 financial results on February 27, 2019, followed by an analyst conference call. The company exceeded market expectations in terms of revenue and earnings during the... 02.03.2019  11:06

• Chinese steel rises in price amid strong demand Iron ore futures in China rose nearly 4 percent on Friday, along with steel prices, as investors looked to strong demand for steel from manufacturers and construction projects. The official purchasing managers' index (PMI) fell to 49.2 in February from 49.5 in the previous month, official data... 02.03.2019  10:59

• The results of production activities of the MMC of Ukraine for February and from the beginning of 2019 In February 2019, metallurgical enterprises of Ukraine produced: 1.57 million tons of pig iron, which is 2.3% lower than in January 2019, 1.68 million tons of steel, which is almost 10% less, 1.49 million tons of rolled metal, which 7, 5% less than the previous month. In the first two months of... 01.03.2019  14:39

• Vale's credit rating drops significantly after dam accident The ratings agency said Moody's Investors Service downgraded Brazilian iron ore producer Vale to Ba1 from Baa3 globally. In late January, S&P Global Ratings put Vale bonds on negative control, warning that it could downgrade the BBB rating by several notches, depending on fines and the loss of a... 01.03.2019  09:44

• Vietnam Steel Exports Increase Sharply In January 2019 Vietnam's steel exports kicked off in 2019 on a strong note, with a total of 771,056 tonnes of steel products shipped in January, up 73.9% year-on-year amid rising shipments to Cambodia, the latest customs data showed. Cambodia was the main food destination in January, reaching 160,775 tons, up... 01.03.2019  09:38

• Export duty on scrap metal increased in Ukraine The Verkhovna Rada of Ukraine extended the increased export duty on scrap metal, and increased it from 42 euros to 58 euros per ton. On behalf of all metallurgists of Ukraine we would like to thank all the People's Deputies of the Verkhovna Rada, the head of the Verkhovna Rada Committee on... 01.03.2019  09:34

• Steel prices rise ahead of the peak of the construction season Iron ore futures in China were largely unchanged after hitting a three-week low in the previous session as the market expects demand for steel mills to pick up ahead of the peak of the spring construction season. The best-selling iron ore contract on the Dalian Mercantile Exchange for delivery... 28.02.2019  10:29

• Japan's steel exports fell more than 19% in January Preliminary trade statistics released by Japan's Ministry of Finance (MOF) suggest a significant decline in steel exports from the country during the initial month of 2019. The export of steel in the country in January 1919 amounted to 2.46 million tons, which is significantly lower by 19.2% if... 28.02.2019  10:18

• India extends deadline to introduce retaliatory tariffs on 29 American goods The Indian government has extended the deadline for imposing retaliatory customs duties on 29 US goods, including almonds, walnuts and legumes, to April 1. As there are discussions between India and the US over a proposed trade package, the Commerce Department has asked its finance counterpart... 28.02.2019  10:13

• Dam collapse in Brazil forces new rules for miners In January, a dam collapsed at the Valais mine in Corrego do Feijo, killing about 300 people. The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 major companies, said on Tuesday that it will create an independent expert group responsible for... 27.02.2019  10:56