Metallurgy news

• Poor Steel Could Cause Building Collapse In Philippines: Experts Business Mirror reported that the recent surge in earthquakes that shook northwest Japan, southern China, the Flores region of Indonesia and several provinces of Mindanao has raised concerns among the Philippine steel industry authorities. The grave fears are that thousands of high-rise buildings... 26.06.2019  12:10

• Evraz is considering buying the French part Evraz PLC is interested in purchasing part of British Steel. The FT said: "The Russian metallurgical mining group, of which Chelsea football club owner Roman Abramovich is the largest shareholder, is specifically considering British Steel's business in France, which supplies rails for railway... 25.06.2019  11:17

• Fitch Affirms Tata Steel's 'BB' Rating Fitch Ratings has affirmed Tata Steel's Long-term Issuer Default Rating (IDR) at 'BB', keeping the outlook stable. Tata Steel UK Holdings' Long-term IDR is also affirmed at 'B' with a stable outlook. The agency said that all ratings have been removed from the rating observations in which they... 25.06.2019  11:13

• MMK supplies a record number of long products In May, the Magnitogorsk Iron and Steel Works shipped 181,070 tons of long products to consumers, which is a record indicator of monthly shipments of this type of product since the launch of the existing divisions. The previous record was 172,000 tonnes of long products shipped by MMK in July 2015.... 25.06.2019  11:09

• Ukrainian industry continues to grow In May 2019, industrial production increased by 1.6% against the same period last year. This was reported by the Ministry of Economic Development and Trade of Ukraine on its Facebook page. The following industries showed the best dynamics: production of chemicals + 6.7% metallurgical... 25.06.2019  11:08

• Vietnam to impose anti-dumping duties on Chinese and South Korean coated steel Vietnam plans to impose anti-dumping duties on coated steel from China and South Korea starting June 25 for about four months before final decisions are made on ADD investigations, the country's trade ministry said this week. 19 Chinese companies will be subject to ADD rates ranging from 3.45%... 24.06.2019  11:54

• Maintaining production is a priority in Iran's metallurgical sector Maintaining production is a priority in the country's steel sector, Iranian Deputy Industry, Mining and Trade Minister Jafar Sargini was quoted as saying on Saturday. Speaking about the problems posed by the sanctions, the official said that in the context of the sanctions, steel producers... 24.06.2019  11:49

• LatAm Steel Association reacted to China's withdrawal of WTO claim China claims that under the terms of its 2001 WTO membership, it should be recognized as a market economy in 15 years. The Latin American Steel Association (ALACERO) noted in a press release that China's recent withdrawal from the WTO claim over China's market economy status confirms that the... 21.06.2019  12:26

• US Steel will reduce capacity in a weak market US Steel plans to cut capacity in the near future to cope with volatile market conditions. “In response to current market conditions, we are taking action in line with our strategy to adjust the global footprint of the blast furnace,” the company said in a statement. "We are idling two blast fur... 21.06.2019  12:04

• European contracts for import /export of scrap are falling European contracts for the import /export of scrap from France and Germany to Italy and Spain for June are in the process of closing lower by 10 euros /tonne ($ 11.2 /tonne) compared to May. However, not all contracts have been signed and some of them may be negotiated at a price lower by 5 € /... 21.06.2019  11:59