Metallurgy news

• Tata Steel production volume increased by 46% Tata Steel's crude steel production increased 46%, peaking in the fourth quarter of fiscal 2019. Meanwhile, Tata Steel's European steel production rose 17% over the previous year. Tata Steel's India operations reported the highest steel production in Q4 of fiscal 2019, driven primarily by the... 09.04.2019  10:32

• Mexico launches anti-dumping investigation on Chinese stainless steel The Mexican government has decided to open an investigation into the alleged dumping of cold rolled stainless steel imports from China and Taiwan. These actions follow from a complaint from a local manufacturer and trader, Outokumpu Mexinox (OTK). Mexico's Minister of Economy noted that there is... 09.04.2019  10:30

• ArcelorMittal Kryvyi Rih updated magnetic separation at Concentrator No. 2 ArcelorMittal Kryvyi Rih has completed the modernization of the magnetic separation area at the second ore processing plant (ROF-2). The total cost of the investment project was UAH 63 million. In total, ROF-2 has five technological sections, each of which includes three stages of grinding,... 08.04.2019  19:49

• Steel sheet prices already reflect slower growth in the US US economic growth may slow to 2.2% this year from 2.9% in 2018, reflecting weaker growth in private investment spending in non-residential premises, according to a report by S&P Global. Hot rolled steel prices in the United States have already declined 13.2% to $ 695 in Q1 2019 from $ 801 in Q1... 08.04.2019  12:08

• Chinese steelmakers report declining profits in January-February In China's steel industry, profits almost halved in the first two months of 2019 from a year earlier as production growth accelerated. According to the National Development and Reform Commission in the country, in January-February, the sector's profit was 29.6 billion yuan (about US $ 4.4... 08.04.2019  11:38

• Turkish billet manufacturers maintain optimism Turkish billet exporters remain optimistic, keeping offers in the range of USD 450-460 per tonne for Turkey grade. However, as traders say, competition from European suppliers in their traditional markets is too high and this could lead to lower prices. Competition from European factories in... 08.04.2019  11:33

• US No Longer Needs Inappropriate Metals Tariffs As NAFTA Negotiating Tactic Ratifying the new North American trade pact will need to address the trade issues that have plagued Foreign Minister Christia Freeland's trip to the NATO summit in Washington. Whether it is the Trump administration's "improper" imposition of metal tariffs as leverage in the controversial... 07.04.2019  19:07

• ArcelorMittal Kryvyi Rih purchased a special coke extinguishing wagon The new quenching car will be used at the block of coke oven batteries No. 3–4, the reconstruction of which was carried out in 2007–2008. Three such cars are used here. They are designed to receive red-hot coke discharged from a coke oven. After quenching with water, cooling and removing moisture, t... 05.04.2019  10:04

• Automotive sector could be the main driver of steel demand recovery in Brazil The automotive sector could be the main driver of any recovery in steel demand in Brazil if the construction sector does not pick up steam, said Diego Ocampo, Senior Director and Specialist for Hard Industries Latin America. “We have a positive view on the automotive market and could be one of t... 05.04.2019  09:59

• EU opposes India's attempt to include additional steel products under BIS quality control In a notification to the World Trade Organization (WTO), India intends to include more steel and stainless steel products in its quality control system. Previous attempts to do so have generated a lot of protest from various member states, especially from the EU region. According to government... 05.04.2019  09:48