Metallurgy news

• 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

• Rolled steel responded by giving more freedom to local authorities Steel and raw materials prices plummeted in China on Wednesday, leading to multi-week lows as more stock exchanges liquidated positions with excess upside risk as Beijing considers flexible its constraints. China is considering allowing its northern provinces to tackle selected heavy industry... 13.09.2018  09:56

• UK to use coal to generate electricity in winter Despite the fact that coal is the dirtier fuel in the UK energy complex, which is set to burn this fuel in the winter, regardless of the UK government's plans to phase out coal plants by 2025, and two more coal-fired power plants in Eggborough and Kilroth have closed this year. ... Gas prices... 13.09.2018  09:47

• India is the brightest player in the steel sector in the near future India will be the brightest player in the global steel sector over the next 12-18 months, according to Moody's Investors Service. In a statement, Moody's said that steel consumption in India is growing at least 5.5% to 6% annually, tracking strong GDP growth of 7.3% to 7.5%. “Nominated Indian s... 12.09.2018  12:50

• Steel mills in the United States increased shipments to the domestic market The latest statistics released by the American Iron and Steel Institute (AISI) show that in January this year, compared with the previous year, the volume of supplies of steel from the US steel mills increased markedly. However, shipments have slightly decreased compared to the previous... 12.09.2018  12:30

• Nigeria to build an integrated steel plant Kogi Iron Limited will build a first-of-its-kind cast steel plant in Nigeria near its Agbaja iron ore deposit in south-central Nigeria. The plant will make full use of the leased iron ore deposits, as well as nearby sources of coal and limestone. The Agbaja project is located on the Agbaya plateau... 12.09.2018  11:17