Metallurgy news

• Rio Tinto is going to cash in on the rising price of iron ore Mining company Rio Tinto is set to cash in on the rising iron ore price despite a drop in production and shipments of key steel commodities in June. Rio confirmed that the average price paid for its iron ore rose 35.6% in the first half of 2019. The higher price is expected to underline a better... 18.07.2019  15:10

• Foreign exchange earnings from the export of ferrous metals decreased due to a decrease in export prices The metallurgical complex has been and remains an important basic sector of the economy of the Donetsk region. In January-May 2019, enterprises of metallurgical production and production of finished metal products sold products worth 51.2 billion UAH, which amounted to 39.9% of the total sales of... 18.07.2019  12:36

• MMK expects Russian demand to support sales in the third quarter Magnitogorsk Iron and Steel Works (MMK) expects domestic demand for steel products to grow steadily in the third quarter to support strong sales. Completion of the next upgrade phase for the 2500 hot strip mill will have a positive impact on sales, supporting the group's financial performance in... 17.07.2019  12:40

• NLMK steel output decreased by 9% Consolidated crude steel production at NLMK in the second quarter of 2019 amounted to 4 million tonnes. This is significantly lower - by 9% compared to the previous year. In addition, production for the second quarter was down 5% from the previous quarter. The drop in production is mainly due to... 17.07.2019  12:35

• New energy-saving technologies are being introduced at MMK named after Ilyich Energy-efficient lighting is great in every sense: it does not harm the health of employees and adds economic health to production. In the oxygen converter shop and sheet metal shop 1,700 of the Ilyich Iron and Steel Works Metinvest Group have completed the modernization of the ceiling lighting.... 16.07.2019  22:03

• ArcelorMittal Kryvyi Rih opens Steel People photo exhibition today This year ArcelorMittal Kryvyi Rih has a double reason for the celebration - apart from the Day of the Metallurgist and the Miner, the company will soon celebrate its 85th anniversary. The company invites all residents of the city to the grand opening of the Steel People photo exhibition at the... 16.07.2019  15:33

• Tata Steel India demonstrates 20% production growth in Q1 2015 Commenting on Q1 2020 sales volumes, Tata Steel announced that global business confidence has plummeted in recent months amid wider economic weakness and uncertainty over the ongoing U.S.-China trade conflict that has negatively impacted investment decisions, spending on investment and trade flows.... 16.07.2019  12:02

• China's second-quarter GDP growth slows to 27-year low China's economic growth slowed to 6.2% in the second quarter, the lowest in 27 years, as domestic and foreign demand eased amid growing US trade pressures. While a more optimistic June factory output and retail sales showed signs of improvement, some analysts warned that growth could be volatile... 16.07.2019  11:48

• NLMK USA increases production of steel in Q2 while sales decrease Russian steel company NLMK reduced steel sales to the United States in the second quarter, while production rose. NLMK's US hot-rolled steel sales fell 15% quarter-on-quarter to 313,000 tonnes from 369,000 tonnes in the same months a year earlier. Cold rolled steel sales fell 15% year on year... 16.07.2019  11:01

• Metinvest reports that Azovstal is operating normally The burnout of the mixer and the subsequent pouring of pig iron did not affect the production processes of the Azovstal steel plant in Mariupol. According to the press service of the Metinvest management company, the burnout of the mixer will not affect the environment and the production processes... 15.07.2019  21:14