Metallurgy news

• Sluggish global steel demand puts pressure on iron ore and coal prices In 2019, global steel mills' margins declined, which in turn led to lower iron ore consumption and coking coal prices. In 2018, HRC benchmark prices exceeded $ 1,000 /t delivered in the Midwest for the first time since 2008, and the robust rise in steel prices and demand since 2016 has provided... 09.09.2019  11:08

• Vietnam's steel exports are on the rise Vietnam's steel exports reached nearly US $ 2 billion this year, up nearly 15% over the same period in 2018. Vietnam's steel exports in July rose 4.7% from the previous month, according to the General Department of Customs. Steel exports increased in July after three consecutive months of... 09.09.2019  10:04

• China's Hebei PMI weakens in August The steel purchasing managers' index released by Hebei province in northern China fell 0.4 basis points from the previous month to 47 points out of 100 in August, indicating major weakness in the Chinese steel market. It was the fourth straight month, according to the latest figures released by the... 06.09.2019  11:00

• US imposes duties on structural steel from China and Mexico The US Department of Commerce said Wednesday it imposed duties on Chinese and Mexican structural steel after preliminary determination that manufacturers in both countries dumped manufactured structural steel on the US market at prices below fair market value. The department said it has imposed... 06.09.2019  10:34

• Ukraine is one of the world leaders in iron ore reserves In terms of explored reserves of iron ores, Ukraine, with a share of 18% of the world's reserves, is the world leader, and in terms of iron content, Ukraine's share is 10.5-11% of the world's reserves (one of the five leaders). This was reported by Valeriy Studentsov, Head of Metallurgy and... 06.09.2019  10:03

• ArcelorMittal Italia will continue the operation of the Taranto plant ArcelorMittal celebrates the publication in the Official Journal of Italy of a decree issued by the Italian government. This decree-law amends the so-called Cresquita law, which removed legal protections pending the implementation of an environmental plan for the Taranto plant. Once published, the... 05.09.2019  10:25

• Fitch Downgrades 2019 Global Steel Price Outlook Fitch Solutions Macro Research has revised its 2019 outlook for global steel prices downward as global prices continue to suffer from weak sentiment amid continuing U.S.-China trade tensions and growing risks to the global economy. Over the long term, Fitch Solutions is of the opinion that... 05.09.2019  10:19

• Tata Steel closes 2 divisions in Europe Tata Steel Europe has announced plans to close its subsidiary Orb Electrical Steels in Newport, South Wales, as well as the Wolverhampton Engineering Steels Service Center in the UK, resulting in a potential loss of 406 jobs. Tata Steel shares fell 4% on Tuesday. Orb Electrical Steels has... 05.09.2019  10:06

• Steel production in Europe declined The EU-28 countries recorded a slight decrease in crude steel production in July 2019 compared to the previous year. Since the beginning of the year, production has also seen a decline over the course of the month. According to recent production statistics published by the World Steel... 04.09.2019  13:32

• Metalloinvest improves energy efficiency at Ural Steel Metalloinvest has implemented a large-scale project to modernize the thermal power plant at Ural Steel. Andrey Varichev, CEO of the management company Metalloinvest, said that “The modernization of an independent generator using modern technologies is an important part of a comprehensive program f... 04.09.2019  13:27