Metallurgy news
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Iranian Steel Exports Increase 19%Iranian steel exports reached about 5.2 million tonnes during the first nine months of the current Iranian year (March 21 to December 21, 2019), an increase of 19% over the same period. the previous year. Iranian Deputy Minister of Industry, Mines and Trade Jafar Sarkini said the ministry had taken…
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Metinvest Provides Longest-Lasting FinancingMetinvest raised a buyer's credit line of EUR 24.4 million for up to 11 years for its subsidiary Ilyich Steel, a steel plant in Mariupol, Ukraine. The loan is covered by an export guarantee of the French Republic issued by Bpifrance Assurance Export, acting as an export credit agency. It was…
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China's steel production exceeded one billion tons in 2019Data from the National Bureau of Statistics showed that China's steel production in December 2019 was 84.27 million tonnes, up 11.6% over the previous year, and total steel production in 2019 was 996.34 million tonnes. which is 8.3% more than in the previous year. China's finished steel production…
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Thyssenkrupp to sell key technology divisionThyssenkrupp AG accelerated the sale of its process technology division, which was primarily responsible for the construction of factories and industrial sites. It was expected that Chinese state-owned enterprises would appear among potential buyers of the asset, and the bankers, basically…
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Ukraine and Russia are going to exhaust quotas for rebar in the EUThe quotas of Ukraine and Russia for duty-free sale of valves are at a critical level. Among them, the remaining quota for rebar in Russia amounted to only 5,915 tons, and in Ukraine - 8,596 tons. On 1 July last year, Russia's initial quota was 241,998 tons. Ukraine had a quota of 160,848 tons…
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Dneprospetsstal increased steel delivery in DecemberIn December 2019, PJSC DNEPROSPETSSTAL delivered 18,888 tons of steel, which is 6.2% higher than the level of the previous month. During the same period, the Company produced 13,216 tons of rolled metal, which is 3.5% more than in November 2019. The total cost of marketable products manufactured in…
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Steel exports from China to be low in 2020Exports of finished steel to China declined 7.3% year on year to 64.293 million tonnes in 2019, the lowest annualized rate since 2014, reflecting strong steel demand despite an increase in steelmaking capacity. In December 2019, China's steel exports fell 15.7% year-on-year to 4.684 million tonnes…
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Tata Steel Netherland Postpones LayoffsDespite the announced layoffs, work at Tata Steel Nederland in Ijmeiden is guaranteed to continue until October 2021. The management of Tata Steel Nederland wrote in a letter to the FNV union that it will adhere to the previous agreements with the unions. but added that possible layoffs are…
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Siemens to continue controversial contract with Australian coal mineGerman engineering giant Siemens will honor a controversial contract to supply alarm systems for Australia's Adani coal mine, despite criticism for the project's alleged climatic implications. “We just finished our extraordinary meeting ... We evaluated all the options and concluded that we must…
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China's steel industry will focus on high-quality developmentAccording to a senior official from the China Metals Association, China's steel industry should focus on quality and efficiency rather than expanding through massive and price competition. Gao Xianming, the 2019 rotation president of the association, gave a speech at the general meeting of the…
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