Metallurgy news

• Mining giant Rio Tinto wins yuan contract with China The Rio Tinto Group, the UK-Australian giant in the global mining industry, has signed its first yuan-denominated purchase contract as China seeks to internationalize its currency and move more Chinese steel overseas. Rio has agreed to purchase 170,000 tonnes of SP10 iron ore from Shanxi Gaoyi... 28.10.2019  11:01

• US Commerce Announces New Anti-Dumping Investigation Of Mexican Steel Rebar The US Department of Commerce has launched an investigation into whether companies are circumventing anti-dumping and countervailing duties on steel bars from Mexico by bending the product "on one or both sides." The Department of Commerce press release announcing the request does not indicate... 28.10.2019  10:47

• Ukraine in the world ranking of metallurgical production According to Worldsteel, for 9 months of 2019, steel production reached 139.107 million tons, which is 3.85% more than in January-September 2018 (133.947 million tons). The People's Republic of China is in the lead with a production of 74.782 million tons, which is 8.36% more than in the same... 28.10.2019  09:55

• Iranian Steel Production Rises Despite US Sanctions Iran's annual crude steel production is slated to increase by 3 million tons to 28 million tons in the current Iranian calendar year (ends March 19, 2020), announced the head of Iran's Mining and Mining Industry Development and Reconstruction Organization (IMIDRO). “Today we are witnessing n... 25.10.2019  15:42

• Steel demand may receive support from the construction sector At the global level, activity in the construction and real estate sectors is expected to increase, which could boost demand for rolled steel, although a more substantial slowdown in global economic growth could limit sales growth. The Russian construction, real estate and industrial sectors are... 25.10.2019  15:38

• Japan's Steel Exports Increase YoY According to the official report, the total export of metal products from Japan amounted to about 3 million tons, increasing the volume of shipments of rolled metal products by 13.8% on an annualized basis, and also increased by 0.5% on a monthly basis. The total cost was about 264 billion yen,... 24.10.2019  11:31

• Steel product exports to China rise in September China exported about 5.3 million tonnes of steel products in September 2019, increasing shipments of rolled steel by 11.6% compared to the same month a year ago. The total export value of steel products was about US $ 45 million, an increase of 17.9% year on year. Among them, China exported... 24.10.2019  11:23

• Chile declares a state of emergency to avoid damaging the mining industry Chile was gripped by protests as the country's government proposed to increase spending on public transport. The president imposed curfews in several cities, but the Chilean mining department was still functioning after violent protests. Chile's Mines Minister Baldo Procurica said that due to... 24.10.2019  10:32

• Tokyo Steel maintains November prices for rolled metal Tokyo Steel Manufacturing Co Ltd, the largest electric arc furnace manufacturer in Japan, will keep all steel prices unchanged in November amid high domestic inventories and weakening overseas prices, the company said. The steelmaker slashed all steel product prices in October by about 2% -4% to... 23.10.2019  11:11

• Metallurgical associations in the fight against overcapacity Steel industry associations around the world demand further efforts to combat overcapacity. Nineteen metal industry associations from around the world have sent an open letter to governments asking them to step up efforts to tackle overcapacity. New construction projects requiring the use of... 23.10.2019  11:08