Metallurgy news

• Dneprospetsstal: production results in August 2017 In August 2018, PrJSC Electrometallurgical Plant DNEPROSPETSSTAL named after I. A.N. Kuzmin ”delivered 20,999 tons of steel, which is 3.0% higher than the level of the previous month. During the same period, the Company produced 14,034 tons of rolled metal, which is 8.6% more than in July 2... 11.09.2018  11:55

• Aluminum is waiting for "Doomsday" if sanctions against Rusal continue The aluminum market faces a doomsday scenario if the US expands sanctions against United Co. Rusal in October, according to a Wood Mackenzie Ltd. report, which said prices could exceed their seven-year highs. The market outside of China is already in deficit and will “run into huge deficit” if a ... 11.09.2018  10:58

• Steel futures climb to 2-week high in China China steel futures climbed to a two-week high on Monday for the third day in a row, amid continued production restrictions to control pollution led by the top steel city of Tangshan. Tangshan said it will expand summer production in the steel, coke and electricity sectors in September last... 11.09.2018  10:56

• Potanin returned a 2% stake in Norilsk Nickel Russian billionaire Vladimir Potanin has returned a 2% stake in Norilsk Nickel to Roman Abramovich and his partners, according to a source in the holding that manages Potanin's assets and a source familiar with the matter. The initial sale of the stake was contested in a London court by the... 11.09.2018  10:48

• Chinese Aluminum Makers Activate Amid Rusal Supply Concerns In August, China increased its aluminum shipments to global markets as buyers sought out the largest producer to replace the metal, United Co. Rusal, who was hit by US sanctions. Exports of unprocessed aluminum and products reached 517,000 tonnes, almost the same as 520,000 tonnes in July, the... 10.09.2018  10:24

• Posco hires 20,000 new employees Over the next five years from 2019, South Korea's Posco steel company will invest 45 trillion won (US $ 40.5 billion) in its steel and clean energy facilities, creating about 20,000 jobs in the process. in a company message on Monday. The plan marks the first major investment announcement by the... 10.09.2018  10:04

• China's steel production hits new high Despite a three-year campaign to cut overcapacity and government restrictions to combat smog, the country's steelmakers continued to set monthly production records. China's steel production rose 7.2 percent in July from a year earlier to 81.24 million tonnes, according to the National Bureau of... 08.09.2018  15:09

• ArcelorMittal came to an agreement with the trade unions of the Ilva plant ArcelorMittal has agreed with the unions of the largest steel mill in Europe, Ilva ("Ilva"), in the Italian city of Tarencie. Thus, bringing the acquisition process to the home stretch. In May, ArcelorMittal received approval from the European Commission for the purchase of Ilva. However, this... 08.09.2018  11:08

• In August 2018, coal production in Ukraine reached 2,904 thousand tons In August 2018, coal mining enterprises of Ukraine of all forms of ownership produced 2,904,151 tons of coal. The plan was fulfilled by 103%, according to the report of the Ukrainian coal industry. In particular, the production of coal mines under the control of the Ministry of Energy amounted... 07.09.2018  10:59

• Indonesia to introduce up to 10% import tariffs on processed products The Indonesian government plans to impose 7.5-10 percent tariffs on imports of processed products to restrict imports. For raw materials, import tariffs will be 2.5 percent. The Industry Ministry explains that the government plans to complete a revision of import tariffs this month to improve... 06.09.2018  09:30