Metallurgy news

• Iron ore price remains above $ 60 per ton The world price for iron ore should not fall below $ 60 per tonne, Brazilian Secretary General Vale Fabio Schwarzman said. The chief executive addressed the Brazilian Investment Forum in Sao Paulo. This is the estimated “baseline” for the product during 2018. This happens when the iron ore mar... 31.05.2018  09:34

• Scrap metal use in steel production increased in 2017 The global use of ferrous scrap for the steel industry rose to a higher level of steel production last year, according to a report by the Bureau of International Recycling (BIR) published at its annual conference in Barcelona. This led to an increase in the share of EAF steel production globally... 31.05.2018  09:28

• China's iron ore trade is weak Iron ore prices in Chinese ports remain stable. Some traders tend to stimulate sales due to lower costs, while most of them are still on standby and watch. Steel mills have low buying interest as they maintain sufficient demand for iron ore. While steel mills are not active in purchasing,... 30.05.2018  17:13

• ArcelorMittal to sell stake in Macsteel The ArcelorMittal group in South Africa will sell its 50 percent stake in trading and shipping company MIHBV to its joint venture partner Macsteel Holdings Luxembourg (MacHold) for $ 220 million, the steelmaker said this week. The company's share price rose more than 24 percent. “The proceeds f... 30.05.2018  16:35

• EU discusses options for US imposition of duties on steel and aluminum Even if the US excludes the EU from the list of applicants for additional duties on steel and aluminum, they could quantitatively restrict market entry, as EU Trade Commissioner Cecilia Malmstrom said in Strasbourg. US President Donald Trump imposed a 25 percent duty on steel imports and a 10... 30.05.2018  13:05

• Vale Announces Key Outlooks for Iron Ore Production in 2018 Brazilian miner Vale expects iron ore production at its advanced S11D mine to reach 58 million tonnes this year, surpassing the official forecast of 50 million to 55 million tonnes, said a person familiar with the matter. The expected increase is mainly attributable to sales of higher pollutant... 29.05.2018  10:59

• Kyoei Steel Keeps Rebar Prices In June Contracts Kyoei Steel, the largest manufacturer of rebar products in Japan, announced Thursday that it will keep rebar prices unchanged for June contracts. The company did not disclose its pricing policy, but the current market price for base size rebar in Osaka was around $ 67,000-68,000 /t ($ 611-620... 26.05.2018  11:17

• China Steel Futures Rise As Inventories Decrease And Raw Materials Fluctuate Chinese steel futures rose on Friday, raising concerns amid declining steel inventories at the world's largest material producer. Rebar stocks at traders this week fell by 410,000 tons to 5.66 million tons by Friday, which was noted in early February, according to data from the consulting... 26.05.2018  11:11

• Challenges in steel trade between China and the EU China's commerce ministry said Thursday that a European Union anti-dumping investigation into the dumping of hot rolled steel imported from China would seriously disrupt regular steel trade between the two countries. Brussels said earlier Thursday that it had launched an investigation after... 25.05.2018  11:16

• India's steel industry grows 4% in April According to official data, steel production in India in April 2018 increased by 4.4% to 8.59 million tonnes. In the same month a year ago, the country produced 8.22 million tons, the report said. SAIL, Rashtriya Ispat Nigam Ltd (RINL), Tata Steel, Essar Steel, JSW Steel and Jindal Steel and... 25.05.2018  11:11