Metallurgy news
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Steel prices in China may recover later in OctoberDomestic steel prices may decline further in October, or even spread across regions for a while before they have a chance of recovery, Wang Jianhua, chief analyst at Mysteel, shared on September 30 in his October market review, explaining that the recovery could begin. if Chinese steel mills are…
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India tightens steel import standardsThe Government of India has now made it mandatory for traders to register with the Steel Import Monitoring System for the import of all iron and steel products, as well as some rail-related goods, in an effort to discourage inbound supplies of such goods and to promote local production. The General…
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ArcelorMittal Zenica completes investment to reduce dust emissionsArcelorMittal Zenica celebrated the completion of two major environmental investments that will improve air quality in a ceremony attended by senior officials from the federal, cantonal and city of Zenica in Bosnia and Herzegovina. The sinter plant has a second hybrid filter that reduces dust…
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Moody's has downgraded the rating of Cleveland CliffsThe review follows Cliffs' announcement of a definitive agreement to acquire ArcelorMittal USA for an estimated capital cost of US $ 1.4 billion and an enterprise value of US $ 3.3 billion. Moody's Investors Service has placed all of Cleveland-Cliffs Inc's ratings, including the B1 corporate rating…
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Stainless Steel Applications in China in 2020 to Drive 5% Growth in Steel UseChina's apparent stainless steel consumption will maintain positive growth of around 5-6% in 2020 as the country's stainless steel consumption continues to grow thanks to the increased use of high-quality steel in areas such as marine engineering. according to Liu Yanping, general secretary of the…
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Completion of pre-holiday purchases of iron ore in ChinaChinese steelmakers have more or less completed their iron ore purchases for consumption over the long national holiday of October 1-8 by the week ending September 25 and were prepared for possible logistics disruptions during the upcoming holidays, market sources say. By the end of last week…
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ArcelorMittal to sell its US steel assetsThe world's largest steelmaker, ArcelorMittal, has agreed to sell nearly all of its US integrated operations to Cleveland-Cliffs for $ 1.4 billion in cash and stock, both companies announced in separate communications on September 28. The deal will make Cleveland-Cliffs the largest producer of flat…
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Ukraine in the world ranking of metallurgical production for 8 months of 2020According to Worldsteel, during 8 months of 2020 steelmakers from all over the world smelted almost 912 million tons of pig iron, of which 857 million tons were produced by the blast furnace method and 54.96 million tons by the direct reduction method. These figures are 3.09% lower than in the same…
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Indian steel production drops more than 4% to 8.48 million tonnes in August - WorldsteelSteel production in India fell more than 4% to 8.478 million tons (MT) in August 2020, according to the World Steel Association (worldsteel). The latest report from the global industry organization said the country produced 8,869 metric tons of steel in the same month last year. However, as the…
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Exports of Vietnamese steel to China increased 19 timesVietnam's steel exports to China rose 19-fold to 2.07 million tonnes between January and August 2020, according to Vietnamese customs, amid rising demand in a recovering economy. This represented almost 35 percent of Vietnam's total steel exports during this period, and its value rose 15 times to $…
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