Metallurgy news

• Iron ore contracts hit record high Iron ore futures in China rose nearly 6%, to a record high since contracts were launched in 2010, driven by an outlook for strong demand from steel mills. The most active contract for the supply of iron ore in September on the Dalian Mercantile Exchange climbed 5.8% to 710 yuan ($ 102.87) per... 20.05.2019  10:00

• US Steel Import Permits Up 27% A recent report released by the American Institute of Iron and Steel (AISI) indicates a significant increase in steel import filings in the month of April this year. Based on the latest data from the Department of Trade and Steel Import Analysis (SIMA), the number of permits increased by 3.6% on... 17.05.2019  18:18

• Mexico Considers Posco Cold Rolled Steel Import Quota Mexico is revising South Korean steelmaker Posco's commitments to import cold rolled steel into the country. So says the Mexican Minister of Economy (SE) in a document published in the official gazette. Posco says it expects growth in the Mexican automotive sector between 2019 and 2023 and... 17.05.2019  18:12

• Interpipe opened a mechatronics laboratory at Dniprovska Polytechnic On May 16, the first mechatronics laboratory in the region was opened at NTU “Dneprovskaya Polytechnica”. The educational space was created with the support of the Ukrainian industrial company INTERPIPE. Mechatronics is the technical profession of the future, the essence of which lies in the man... 17.05.2019  12:22

• Chinese steel mills return to high quality iron ore Chinese steel mills are increasing their interest in high-quality iron ore despite record high ore prices, managers and traders say, as the recovery in profitability encourages mills to strive to improve efficiency and increase production. At the end of 2018, steel companies were forced to cut... 16.05.2019  12:34

• US-China trade war could lead to dumping of Chinese steel India fears that China may soon start shipping its surplus steel to other countries after the United States raised tariffs on Chinese goods due to the escalating trade war between the world's two largest economies. As a result, the Indian steel industry asked the Indian government to impose... 16.05.2019  12:05

• ArcelorMittal Invests $ 162 Million in Burns Harbor ArcelorMittal, a multinational steel corporation, has announced its decision to invest $ 162 million in its Burns Harbor, Indiana steel mill. The investment will be used to carry out upgrades at various sites over the next few years. The multimillion-dollar investment is expected to bring... 16.05.2019  11:56

• The fall in steel exports from the Donetsk region had a negative impact on the region's foreign exchange earnings In the first quarter of 2019, foreign exchange earnings from the export of goods from the Donetsk region (excluding part of the temporarily occupied territory) amounted to 1107 million US dollars. According to the Main Department of Statistics in the Donetsk region, the region provided 9 percent of... 16.05.2019  10:03

• Why ArcelorMittal limits steel production in Krakow The plant in Krakow produced about 1.7 million tons of steel per year. This is roughly half of the cut made by ArcelorMittal. Why was a Polish metallurgical plant chosen for this task, although there is a Spanish one in Asturias nearby? ArcelorMittal will shutdown the blast furnace and will not... 15.05.2019  11:47

• And about. Andrey Sanin has been appointed chairman of the board of Interpipe NMPP plant Ukrainian industrial company INTERPIPE announces the appointment of Andrey Sanin as Acting Chairman of the Management Board of Interpipe Novomoskovsk Pipe Plant from May 16, 2019. Previously, since 2018, he held the position of Commercial Director of Interpipe VTORMET. The previous head of... 15.05.2019  11:13