Metallurgy news

• Regional steel production in Africa grows by 24% Steel production in Africa increased significantly in April 2019. Production in the first four months of the year is significantly higher compared to the corresponding period in 2018. Steel production data published by the World Steel Association (worldsteel) shows African production at 1.359... 30.05.2019  12:01

• ArcelorMittal announces further cuts in EU steel production ArcelorMittal announced further production cuts at EU steel mills in an attempt to adjust production in the region to current weak market conditions. The rise in imports, despite EU regulations and falling market demand, continues to have an impact on the steel mill. According to a press release... 30.05.2019  11:58

• Steel production in Asia increased by 10% China continued to be the leading steel producer in the region. Production growth in the country exceeded the growth in the region, increasing by 12.7% over the previous year. The latest production statistics published by the World Steel Association (wordsteel) show a significant increase in... 29.05.2019  16:06

• Export of stainless steel in China in January-April decreased by 6% Stainless steel exports to China declined 6.13% from a year earlier to 596,800 tonnes in the first four months of 2019, driven by reduced shipments to a number of countries such as Indonesia. Customs data showed that China exported 298,600 tons of stainless steel in April, up 1.2% from March but... 28.05.2019  13:25

• US finished steel imports record massive decline The latest report released by the American Iron and Steel Institute (AISI) shows a significant decline in total and final steel imports into the country during the first four months of this year. The United States imported 11.489 million tonnes of steel in January-April 2019, of which 8.067... 28.05.2019  12:31

• Brexit won't save UK steel industry British Steel would be easier to bail out if the UK were outside the European Union, and the no-deal Brexit turmoil could wreak havoc on the industry even more, the UK Steel director said. The intervention by UK Steel CEO Gareth Stace began with the government facing an urgent need to find a... 27.05.2019  12:05

• Metinvest trading news for the first quarter of 2019 Metinvest BV has released a trading update for the first quarter ended March 31, 2019. In 1Q 2019, Metinvest's consolidated revenue decreased by 5% YoY to USD 2,863 million, mainly due to a drop in steel prices in line with global guidance, as well as lower resale volumes. This was partially offset... 27.05.2019  11:35

• Japanese steel production fell 0.8% in April Japan Iron and Steel Federation JISF said Japan's steel production in April fell 0.8% from a year earlier to 8.65 million tonnes, down for the eighth straight month. JISF said: "Although the blast furnace problems have been resolved, many operators did not turn on the electric furnaces during the... 27.05.2019  11:31

• What are the prospects for ArcelorMittal Poland ArcelorMittal Poland is the largest steel producer in Poland, accounting for about 70 percent of the production capacity of the Polish steel industry since 2004, when the company started operations in Poland, investing PLN 6 billion in the modernization of its installations. Half of which went to... 25.05.2019  13:17

• Steel prices in the EU fell in May The recent negative dynamics of European flat steel prices continued in May. Lower demand from the auto sector still undermines steelmakers' ambitions to increase base prices. Moreover, overall market activity is below forecasts for this time of year. Global trade tensions and political uncertainty... 24.05.2019  15:00