Metallurgy news

• ArcelorMittal doubles profits ArcelorMittal more than doubled its first-quarter earnings on the back of stronger global steel demand, which saw price recovery across the globe. Earnings before interest, taxes, depreciation and amortization rose to $ 2.23 billion from $ 927 million a year earlier. The figure exceeded the... 15.05.2017  10:07

• EU continues to impose anti-dumping duties on steel products from China The European Commission has imposed anti-dumping duties on other categories of steel products from China. This is another European Commission decision on subsidized Chinese steel that has flooded the European market. Earlier, the European Commission conducted an investigation into the matter,... 15.05.2017  09:35

• US Scrap Metal Exports To Turkey Fall To 7-Year Low According to the US Department of Commerce and the US International Trade Commission, US scrap exports to Turkey totaled 542,000 tonnes in the first quarter of this year, down 37.4% from the same period last year. Exports fell to their lowest level in the first quarter of 2010. The United States... 12.05.2017  12:49

• Indian factories continue to expand production According to recently released data from the Indian Iron and Steel Association, India's steel production rose 8.7% in April to 843 million tonnes year-over-year, while steel demand rose only 3.4% to 6 million tons. However, India's steel exports increased significantly in the fiscal year 2016/17... 12.05.2017  12:40

• Dneprospetsstal: production results in April 2017 In April 2017, PJSC "Electrometallurgical Plant" Dneprospetsstal "named after A.N. Kuzmin ”delivered 21 708 tons of steel, which is 0.4% more than the level of the previous month. During the same period, the Company produced 14,613 tons of rolled metal, which is 1.3% more than in March 2017. The ... 12.05.2017  09:44

• US oil rises after gaining 3.2 percent on Wednesday Oil prices on the New York Stock Exchange continue to rise after rising 3.2 percent on Wednesday, the strongest growth in the oil market since December 1, 2016. However, experts believe that this will not last too long. US stocks fell 5.25 million barrels more than expected last week, but are... 11.05.2017  10:56

• Japan's Kobe Steel will spend $ 484 million on expanding aluminum business Kobe Steel Ltd says it will spend about 55 billion yen ($ 484 million) to buy 50 percent of a plant in South Korea and build a new facility in Japan to meet growing demand from auto manufacturers. Japanese aluminum makers such as UACJ Corp and Kobe Steel are stepping up global plans to expand... 11.05.2017  10:40

• Low demand pushes ARA coal reserves to high levels Combined coal reserves at three terminals in northwest Europe in the Amsterdam-Rotterdam-Antwerp (ARA) trade center continue to grow to set a new 2017 high for this week, reaching 5.8 million tonnes. This is the highest level recorded since early 2015, according to S&P Global Platts. In... 11.05.2017  10:27

• Innovative solutions for Ukrainian railways will be discussed in Dnipro On May 12, key participants in the Ukrainian railway industry will gather in Dnipro - representatives of the national railway operator, car-building and car-repair enterprises, scientific organizations and expert centers. The purpose of the meeting is to discuss the state of the railway industry,... 10.05.2017  17:37

• Fitch: China Will Difficult To Reach Target To Cut Steel And Coal Capacity China's success in drastically reducing coal and steel production capacity last year was based on the choice of “low hanging fruit,” shutting down mines and factories that were already idle. However, it will be more difficult to meet the 2017 capacity reduction target. In addition, the Chinese coal ... 10.05.2017  11:14