Metallurgy news

• POSCO leads the world in the thickest board POSCO produces 700mm slabs with the "PosMC Machine" developed by the Korean giant in June this year. Slabs are semi-finished rectangular products used as material for hot rolled steel sheets or heavy sheets. It is believed that the thicker the slab, the more difficult it is to manufacture. The... 29.10.2018  09:41

• Spain will close the majority of coal mines by the end of 2018 Spain intends to close most of its coal mines by the end of this year after the government and unions reached an agreement that in the next ten years will provide investment in the mining regions in the amount of 250 million euros. The new administration of Pedro Sanchez quickly moved on... 28.10.2018  09:44

• US steel imports may fall by more than 9% in 2018 Estimates provided by the American Iron and Steel Institute (AISI) indicate that in 2018, compared with the previous year, the total steel in the country will fall by 8.5% - 9.4%. Imports of finished steel from Turkey are likely to will decline the most, falling nearly 41% over the previous year.... 28.10.2018  09:34

• Results of Ukrainian production and consumption of rolled metal products for 9 months of 2018 During 9 months of 2018, metallurgical enterprises of Ukraine produced 13.83 million tons of rolled metal, which is 3% higher compared to the corresponding period of 2017. Of this volume, about 11.22 million tons were exported, which is 81.1%. For the same period last year, the share of exports... 28.10.2018  09:22

• Teck Resources: Adjusted Profit Falls On Low Raw Material Prices Canada's largest diversified miner, Teck Resources Ltd, said Thursday that its third-quarter adjusted profit fell 23% due to falling prices for its main products. Teck, the world's second largest exporter of steel coal, reported adjusted earnings fell to CAD 466 million (about $ 357.6 million)... 27.10.2018  12:56

• Digital transformation: Metinvest creates an IT company The Metinvest Group continues the systemic transformation of its IT function. In September of this year, a new company was established - Metinvest Digital LLC. The work of this IT company will be organized taking into account the best digital business practices. Metinvest Digital will fulfill... 26.10.2018  15:03

• Why is the US concerned about steel imports from China The declining competitiveness of the US steel industry is undeniable. But this is due to shrinking domestic demand, rising production costs in the United States and slow technological modernization. It seems that the United States has deliberately chosen to blame China for the disasters in the... 26.10.2018  10:38

• Steel production in the Asian region grew by 5.9% The latest production statistics released by the World Steel Association (wordsteel) show a significant jump in crude steel production by Asian countries during September this year. In September 18th, Asian crude steel production was 107.841 million tonnes, up 5.9% over the same period last... 26.10.2018  10:14

• ArcelorMittal ready to launch Ilva despite threats to steel demand Italy's budget disputes with the EU, Brexit's potential inaction and trade tensions stifling economic growth are major threats to steel demand growth in Europe. So says the head of ArcelorMittal Flat Steel Europe. Despite a slowdown in the forecast for 2019, steel production in the EU is still... 26.10.2018  09:53

• Positions of Ukraine in the global metallurgical market According to Worldsteel, in 9 months of 2018, metallurgical enterprises of the world produced 994.94 million tons of pig iron, of which 932.41 million tons by blast furnace method and 62.53 million tons by direct reduction. This is 2.1% more than 974.48 million tons for the same period in 2017.... 25.10.2018  11:14