Metallurgy news
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Philippine importers of semi-finished products move from Russia to VietnamIn the Philippines, steel imports continue to rise. Vietnam is displacing Russia as a key supplier of semi-finished products as local businesses seek to expand their export markets. According to Philippine Customs, steel imports in July reached 650,724 tons, up 3% from June and 22% from July 2020…
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Azovstal introduces energy-saving technologiesIn the converter shop of the Azovstal metallurgical plant of Metinvest Group, the modernization of drying and heating stands for steel-pouring ladles has started. The subdivision will soon receive the first batch of equipment - a fan and a gas burner from Ukrainian manufacturers for updating drying…
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Steel production in India fell 2% in August due to worsening epidemicIndia's total crude steel production in August this year was about 9.6 million tonnes, down 2.3% month-on-month, according to official statistics from India, mainly due to a worsening domestic Covid-19 epidemic. In addition, the weather in India also affected construction work from June to…
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Options for resolving the US trade conflict with the EUAccording to market news, the US was considering resolving the conflict with the EU over the steel trade by introducing a quota system. The trade conflict between the US and the EU has been going on for about three years. However, some market participants believed that the conflict could be…
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Tax payments of ArcelorMittal Kryvyi Rih for 8 months of 2021 more than doubled compared to the same period last yearKryvyi Rih, September 8, 2021 In January-August 2021, ArcelorMittal Kryvyi Rih transferred almost 9.3 billion UAH taxes and fees to the budgets of all levels, more than 2 times the total amount tax payments for the same period last year. This amount can be compared with the total payment of…
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Guinea coup complicates iron ore miningGuinea's 110-kilometer Simandu Ridge contains one of the largest untapped iron ore deposits in the world, containing over 8.6 billion tonnes of ore with an average iron grade of 65%. A military junta seized control of the West African country of Guinea and detained President Alpha Conde, prompting…
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Steel sales in Vietnam are growing due to exportsAccording to the Vietnam Steel Association (VSA), steel mills have boosted exports after facing difficulties in domestic consumption due to the COVID-19 outbreak. The association said July steel production reached nearly 2.4 million tonnes, down 6.48 percent from the previous month, and steel…
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Hot rolled steel prices in Asia remain unchangedThe hot rolled steel market in Asia is still showing no signs of growth. While prices rose due to production cuts in four provinces of China: Guangdong, Guangxi, Sichuan and Shandong, uncertainty in China's steel export tariffs and lower demand due to the lockdown in Southeast Asia remained weak in…
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China's steel production could grow 4-7% this yearChina, the world's largest steel producer, could produce 4-7% more steel this year than last year without meeting its pollution control targets. The Chinese government recently said it will limit steel production this year to 2020 levels to cut CO2 emissions. However, a report produced by climate…
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"New Factory": business invests in the development of Ukrainian educationKryvyi Rih, May 21, 2021 Yesterday, May 20, Minister of Education and Science of Ukraine Serhiy Shkarlet, as well as rectors, professors, teachers of leading universities of Kryvyi Rih, visited ArcelorMittal Kryvyi Rih. Together with the company's management, they discussed the stages of…
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