Metallurgy news
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Metinvest announces 4Q and 2019 production resultsMetinvest BV announced operating results for the fourth quarter and 12 months ended December 31, 2019. In Q4 2019, Metinvest's hot metal production decreased by 7% qoq to 1,887 thousand tonnes due to scheduled overhauls of blast furnaces at the Mariupol steel mills. Production at Azovstal decreased…
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DMK exported 79% of products in 2019Dneprovsk Iron and Steel Works shipped 2.25 million tons of marketable products to consumers last year. According to the sales department of the plant, 79% of shipped metal products were sent to foreign markets - 21%. Continuously cast billets (over 1.5 million tons) of the total shipment volume…
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JSC "YUGOK" slightly increased the production of iron ore concentrateIn January 2020, the volume of production of iron ore concentrate amounted to 986.4 thousand tons. This is 21.3 thousand tons or 2.2% more than in December 2019. However, compared to January 2019, the concentrate output decreased by 10.5%. No agglomerate was produced. Yuzhny Mining and Processing…
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Union will fight for a good deal on the sale of the Thyssenkrupp divisionThyssenkrupp plans to sell its elevator division, which is valued at more than 15 billion euros. Any buyer will have to enter into an agreement with IG Metall, Germany's most influential trade union, as part of the acquisition. But workers in Thyssenkrupp's elevator division will be pushing to…
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SAIL Records 35% Sales Growth In January 2020The Steel Authority of India Limited recorded a 35% year-on-year increase in sales in January 2020 to 1.659 million tonnes. In the period from April 19 to January 20, the Company achieved a 10.8% increase in sales compared to the same period last year. By the way, in connection with the growth in…
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US DoC Completes New Currency Manipulation RulesThe US Department of Commerce has finalized new rules to impose countervailing duties on countries believed to underestimate their currencies, which could lead to further duties on steel imports. The new currency rule clarifies how the Commerce Department will apply CVD duties to subsidies…
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Total metallurgical production in Ukraine in January 2020According to preliminary data, in January 2020, metallurgical enterprises of Ukraine produced: 1.70 million tonnes of pig iron, down 5.1% from January 2019, 1.80 million tonnes of steel, down 2.7% 1.63 million tons of rolled metal, which is 4 more than last year.
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Impact of the Wuhan coronavirus on the steel industryThe Wuhan coronavirus outbreak has led to an extension of the Chinese New Year holidays and the imposition of transportation restrictions to contain the spread of the virus. Demand is usually weak during this period, but production continues as usual. Every day, lost activity in China could drop…
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South Korean metallurgists restructure business in ChinaSouth Korean steelmakers in China are restructuring their businesses to improve their profitability amid the global economic downturn and lower product prices. For example, Hyundai Steel plans to consolidate its service centers in Beijing and Tianjin to reduce headcount and apply the same measures…
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France opposes Jingye acquisition of British SteelFrance threatens to block a bailout deal that will save British Steel from collapse. French Finance Minister Bruno Le Marais told Chancellor Sajid Javid that he was against the sale of British steel to the Chinese industrial company Jingye Group. Mr. Le Maire opposes the transfer of ownership of…
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