Metallurgy news

• US imports of finished steel dropped significantly The American Iron and Steel Institute (AISI) reported that total US imports and finished steel fell sharply from the previous month in February this year. Aggregate steel imports during the first two months of 2019 increased significantly over the previous year, while finished steel imports... 20.04.2019  23:02

• NS BlueScope Malaysia completes acquisition of YKGI Holdings Berhad NS BlueScope Malaysia has completed the acquisition of YKGI Holdings in Berhad in Klang, Malaysia. The assets include a push-pull pickling line, a cold rolling mill, a continuous galvanizing line and a continuous color coating line. NS BlueScope Malaysia is the operating company of NS BlueScope... 20.04.2019  23:00

• Coal production in Ukraine in the first quarter fell by 7% The Ministry of Energy and Coal Industry reported that coal production in Ukraine in the first quarter of this year decreased by 7.1% to 7.765 million tons. In March, Ukraine produced 2.664 million tons of coal, which is 11.9% less than last year. In the first quarter, steam coal production... 17.04.2019  10:28

• US Tariff Elimination Continues for Select Countries This process is favored by Japan, Spain and China. One year later, the Bureau of Industry and Security (BIS) of the US Department of Commerce processed 61.9% of 45,328 exemption requests to assist companies in section 232 steel import tariffs. BIS approved 21,464 applications and rejected 6,588,... 17.04.2019  10:21

• Global Steel Demand Will Slow Down China's Economic Growth The World Steel Association (worldsteel) has released its short-term forecast for April 2019 (SRO). According to worldsteel forecasts, in 2019 the global demand for steel will reach 1,735 million tons, which is 1.3% more than in 2018. According to forecasts, in 2020 demand will grow by 1.0% and... 17.04.2019  10:19

• Decrease in steel export prices in Turkey is paying off Turkish exporters of hot rolled coil products tried to boost sales by lowering prices early last week, which bore fruit with several large sales to Asia last week. Reduction of about US $ 10 /t for late May /early June loading of material last week to about US $ 510-520 /t in Turkey negotiations... 16.04.2019  10:32

• Steel production in China will grow by 3-4% - Fortescue CEO says The head of Australia's Fortescue Metals Group, the world's fourth-largest iron ore supplier, expects steel production in China to grow despite the economic downturn as government stimulus stimulates demand. Fortescue sees "a 3-4% increase in steel production in China this year," based on... 16.04.2019  10:24

• Mexico asks US for exemption from aluminum tariffs The Mexican government has asked the United States for a Section 232 exemption from tariffs on steel and aluminum. Mexican Economy Minister Graciela Marquez Colin addresses the issue to US Commerce Secretary Wilbur Ross during Friday's US-Mexico dialogue in Yucatan, Mexico. Marquez... 16.04.2019  10:20

• ArcelorMittal Kryvyi Rih completed the repair of a gas cleaning unit In 2019, ArcelorMittal Kryvyi Rih began repairs of environmental equipment with gas cleaning DP-6 of blast furnace No. 6. Its cost was 635 thousand hryvnia. About UAH 2 million was saved on contractors' services due to the performance of a significant part of the work by its own repair personnel.... 15.04.2019  11:13

• Turkish billet manufacturers are ready to negotiate The principled attitude of Turkish billet exporters to pricing last week was replaced by softer supply figures, from about $ 450-460 /tonne in the previous week to about $ 445-450 /tonne this week. Easing sentiment swept across the long product-related markets amid several purchases of cheaper... 15.04.2019  11:05