Metallurgy news

• Worldsteel: steel production growth was five percent in April World steel production in April was 142.1 million tonnes, up 5.0 percent from a year earlier, according to the World Steel Association. In the European Union, the increase was 6.1 percent and steel production reached 14.296 million tonnes. Slightly lower growth was recorded in the four months of... 24.05.2017  12:43

• Steel prices fell in May European steel prices fell 3 percent in May, according to the MEPS International Index. Throughout Europe, this trend has affected cold-rolled and hot-rolled sheets. In many countries, the rise in prices for galvanized sheet metal has slowed and stopped. The good economic situation in Germany... 24.05.2017  09:59

• Ukrzaliznytsia does not fulfill planned orders of metallurgists The association of metallurgical enterprises of Ukraine "Ukrmetallurgprom" criticized the management of PJSC "Ukrzaliznytsia" for ignoring the interests of the mining and metallurgical complex of Ukraine. The chairman of PJSC "Ukrzaliznytsia" Wojciech Balchun said that metallurgical plants of... 23.05.2017  19:39

• Tokyo Steel keeps product prices down Tokyo Steel Manufacturing Co Ltd, Japan's largest electric arc furnace steelmaker, said this week that it will hold its product prices in June by keeping them stable for four months. “We will stick to current prices as domestic activity has become slow and spot prices remain unchanged,” Tokyo Ste... 23.05.2017  12:23

• Russian wheat export prices rise amid purchases from Egypt and the strengthening of the ruble Russian wheat export prices rose last week, supported by government purchases from Egypt, the largest buyer of Russian wheat, and expectations that the ruble will continue to rise against the dollar, analysts said. Egypt bought 295,000 tons of wheat last week in a tender, including 60,000 tons... 23.05.2017  12:12

• Global steel demand will grow in 2017 The World Steel Association (WSA) predicts that steel demand in 2017 should increase by 1.3%. According to the association, this will have a positive impact on the steel market and ensure the stability of prices for steel products after the previous fall. Along with a warming American economy,... 23.05.2017  12:00

• Chinese metallurgists doubled their use of scrap metal Chinese metallurgists have increased the proportion of scrap metal used in BOFs to 17.5%, up from 9% two months ago. Metallurgists took advantage of lower scrap prices and complied with nationwide policy requirements, an official from China's Baowu Steel Group said. Technical constraints have... 22.05.2017  14:03

• Exports of pig iron increased in Russia According to statistics, Russian pig iron exports totaled 448,000 tons in February this year, an increase of 39.6% over the same period last year, reaching the highest level from 476,000 tons in December last year. In February, Russia exported 302,000 tons of pig iron to the United States,... 22.05.2017  12:57

• Ukraine must transform the energy sector for the next heating season Despite the blockade of coal supplies from Donbass for Ukrainian thermal power plants (TPPs), the country managed to avoid large-scale blackouts. In addition, Ukraine managed to increase its electricity generation by 2.1 percent on an annualized basis in January-April, according to... 22.05.2017  11:38

• US scrap metal imports hit record high in 5 years The United States imported 1.15 million tonnes of scrap steel in the first quarter of this year, a record in 5 years, according to the US Department of Commerce. Scrap metal imports increased mainly from Canada and Mexico, as well as from the European region. In the first quarter of this year,... 21.05.2017  12:36