Metallurgy news

• Severstal's net profit decreased in Q3 According to Severstal's report, the company's net profit in the third quarter of this year was USD 167 million, which is 57.3% less than in the previous quarter. Sales revenue increased 17.9% quarter-on-quarter to US $ 1.87 billion, driven by higher sales of Severstal, recovery in steel prices... 27.10.2020  13:09

• Consumption of hot rolled steel is growing in Scandinavia A gradual recovery in consumption in Denmark was reported, supporting the moderate increase in hot coil prices in October. In Sweden, the trend in demand varies by sector, with sales to pumping equipment and forklift manufacturers declining very slightly during this year's difficulties. The ordered... 26.10.2020  13:23

• Huge investment in new steel projects to increase production capacity The overcapacity situation will lead to serious competition in the industry. The Southeast Asian Iron and Steel Institute (SEAISI) warned that large investments by regional steel producers in new steel projects could lead to a potential overcapacity situation. There has been a significant... 26.10.2020  11:03

• Ukraine in the world ranking of metallurgical production for 9 months 2020 According to Worldsteel, for 9 months of this year, metallurgical enterprises of the countries of the world produced 1,028,860,000 tons of pig iron, of which 966,880,000 tons by the blast furnace method and 61980000 tons by the direct reduction method. This is 2.58% lower than the indicator for the... 23.10.2020  17:45

• At Dneprospetsstal, the quality of metal is confirmed by an international certificate The company's products are in demand in more than 60 countries around the world. Therefore, Dneprospetsstal pays great attention to the compliance of the quality of metal products with national and international standards. According to the results of an online audit carried out by... 23.10.2020  17:39

• Raspadskaya coal company purchased self-propelled drilling rigs Two rigs for drilling degassing wells were acquired by Raspadskaya Coal Company (RUK, which manages EVRAZ's coal assets). Now the equipment works at the Uskovskaya and Erunakovskaya-VIII mines, and will be used in the future at other underground coal mining enterprises of RUK. The new equipment... 21.10.2020  15:13

• Interpipe entered the Turkish premium pipes market The Ukrainian industrial company INTERPIPE delivered the first delivery to Turkey of premium pipes with a UPJ-F sleeveless connection, which meets the highest level of CAL IV requirements. This order was difficult to fulfill, as the end user, the Turkish Oil Company (TPAO), put forward... 21.10.2020  13:18

• Results of production and consumption of rolled metal products in Ukraine for 9 months of 2020 Over the past 9 months of this year, Ukrainian metallurgical enterprises produced 13,710,000 tons of rolled metal (97.2% compared to the same period in 2019), of which, according to ETR-Spectr LLC, about 11,310,000 tons, or 82.5%, were exported. In the same period in 2019, the share of exports was... 19.10.2020  16:50

• EU intends to introduce carbon charges on steel imports The EU has said it is considering levying carbon charges on imported products, including rolled steel, that pollute the environment. Taxable products include steel, cement and electricity, and this range may expand to aluminum products in the future. The measure is part of the EU's goal of... 15.10.2020  13:38

• U.S. steel production is on the rise According to statistics from the American Iron and Steel Institute (AISI), for the week ending October 10, crude steel production in the United States was about 1.5 million short tons, an increase of 1.2% over the same period a week ago and a decrease of 16 ,8. % compared to the same period a year... 15.10.2020  13:36