Metallurgy news

• Global steel production to grow amid slowing consumption - Fitch Fitch expects the global steel market surplus to average 700,000 tonnes from 2018 to 2027, compared with an average deficit of 1.9 million tonnes from 2013 to 2017. Global output growth will remain positive, up 1.9% this year, albeit at a slower pace than output growth from 2016 to... 19.09.2018  09:18

• POSCO Daewoo enters the global automotive steel market POSCO Daewoo intends to strengthen its position in the global market for advanced steel sheets for the automotive industry in partnership with a Korean auto parts manufacturer. POSCO Daewoo aims to break away from the simple trading business and build a long-term growth base by strengthening its... 19.09.2018  09:06

• British Steel will eliminate nearly 10 percent of the workforce British steelmaker British Steel has announced the elimination of 400 jobs. A company that employs 5,000 people, explaining to people this process by "reducing" costs. Most of the cuts will affect managerial and administrative positions at factories in the UK, Ireland, France and the... 17.09.2018  14:23

• Chinese steel mills prepare for stricter smog rules Steel mills in Tangshan, China's largest steel city, are rushing to install equipment to meet new "ultra-low" emissions targets by October 31, as pollution control measures threaten to further shock the sector. According to analysts who tracked more than 150 sinter plants in the city affected by... 17.09.2018  13:15

• Steel production in China will be reduced from summer records China's steel industry weakened in August, reaching a record high in July, under tight production restrictions in major metallurgical regions as part of efforts to clear the country's sky from smog. The world's largest steel producer smelted 80.33 million tonnes of steel, according to the... 16.09.2018  12:17

• Global steel production capacity to increase during 2018-2020 Global steel production capacity is expected to increase by almost 52 million tonnes during 2018-2020, as noted in the Organization for Economic Co-operation and Development report in its report “Recent Developments in Steel Production”. Currently, 39 million tons of additional capacity is in the... 16.09.2018  11:34

• Indonesia sets coal prices in September at $ 104.81 per ton Indonesia's Ministry of Energy and Mineral Resources set its September benchmark coal price, also known as Harga Batubara Acuan or HBA, at $ 104.81 per tonne, down 2.8% from August but up 13.8% on an annualized basis. The ministry set the price for August at $ 107.83 per ton, and for September... 14.09.2018  14:07

• ArcelorMittal Submits Revised Bid For Acquisition Of Indian Steel Firm ArcelorMittal has submitted a revised proposal to acquire the assets of Essar Steel India Limited (ESIL). The company confirmed that the proposal was submitted to the ESIL Lenders Committee on September 10, 2018. The initial proposal for ESIL was submitted on February 12 this year. The revised... 14.09.2018  10:43

• EU expects US steel tariffs to continue in 2019 The European Union sees little chance of an exemption from controversial US steel and aluminum tariffs until mid-2019, as it pushes for a narrow transatlantic deal to stave off any additional US tariffs on European cars, one bloc official said. The Commission, the EU's executive arm in Brussels,... 14.09.2018  10:15

• India hopes to rank 2nd in global steel production India hopes to become the world's second largest steel producer after China, and the government has also taken steps to encourage secondary steelmakers to improve efficiency, the Metals Ministry said in a statement. The growth in the secondary steel sector, coupled with the primary steel sector,... 13.09.2018  10:37