Metallurgy news

• ArcelorMittal makes new attempts to buy Italy's largest factory ArcelorMittal said it has accepted new terms for the purchase of the Ilva steel mill. Steel giant ArcelorMittal said on Tuesday that it will agree to the conditions set by the Italian authorities for the purchase of the controversial steel company Ilva, which could lead to its acquisition of... 25.07.2018  12:00

• Miners starve at a Russian gold mine Nearly 60 workers at the Darasun mine in Transbaikal went on a hunger strike on Tuesday over non-payment of their wages. As a result, an administrative offense case was initiated against a company that was late in paying salaries. According to the Russian media, financial fraud often occurs in... 25.07.2018  11:47

• German steel companies criticize EU security measures German flats and coiled steel converters questioned the rationale for new EU safety measures, saying they doubted that steel destined for the American market would be redirected to the European market. "Until now, this is just speculation, but this is not the case when growing volumes of steel... 25.07.2018  11:26

• Gazprom produces more and more gas In the period from January to July 15 of this year, gas production by Gazprom reached 270.1 bcm. This is 8.5 percent more than in the same period last year. Gas exports have also increased. The Russian company's production in absolute terms is 21.2 bcm higher than last year. During the period... 24.07.2018  12:17

• Steel chain reaction Following complaints against the Chinese steel company Shanxi Taigan, a stainless steel manufacturer, Beijing began to analyze the import of stainless steel sheets in the local market. Local producers complain that foreign products are destroying local producers. Early estimates say this is... 24.07.2018  11:57

• POSCO Increases Profit Target in 2018 South Korean steelmaker POSCO said Monday that it expects sales to rise in 2018, boosted by high steel prices in China and strong global demand, which helped boost profits by nearly a third in the second quarter. The world's fifth-largest steelmaker raised its 2018 revenue forecast to 64.1... 24.07.2018  11:50

• China is investigating imports of stainless steel from the EU and other countries China's Ministry of Commerce said on Monday that it has launched an anti-dumping investigation into the import of stainless steel billets and hot rolled stainless steel sheets sourced from Europe, Japan, South Korea and Indonesia. The move follows a complaint by Shanxi Taigang of stainless steel... 23.07.2018  12:14

• US Steel plans to invest in a plant in Kosice US Steel is satisfied with its Slovak plant and is considering new investments to improve the competitiveness of the Kosice steel plant, rather than selling the division. “US Steel is the largest employer in Kosice and one of the largest in Slovakia and is an absolutely stable partner in this c... 23.07.2018  12:00

• Kobe Steel Clashes With Tokyo Prosecutors On Fake Data Allegations Kobe Steel Ltd, the third largest steel company in Japan, has charged Tokyo prosecutors with alleged violations of the Unfair Competition Law in Japan, Kobe Steel said in a statement. The crux of the problem Kobe Steel, which supplies steel and aluminum parts to aircraft, train and car... 20.07.2018  12:23

• Australia's South32 Beats Annual Coking Coal Production Forecast Australian mining division South32 Ltd on Thursday lowers its coking coal production targets for fiscal 2018, aided by higher-than-expected production at the Illawarra project. Coking coal production fell to 1.1 million tonnes in June from 1.4 million tonnes a year earlier, but was ahead of the... 20.07.2018  12:04