Metallurgy news

• Australian miners assess damage after cyclone Australian miners BHP and Rio Tinto analyzed the impact of Cyclone Veronica, which disrupted operations after it hit the Pilbara coast in Western Australia last week. Both companies lowered their annual iron ore production by millions of tons. On Monday, Rio Tinto estimated a production loss... 04.04.2019  13:03

• SAIL records highest crude steel production in fiscal 19 Steel Authority of India Ltd said Wednesday that it produced 16.3 million tonnes of crude steel for the current fiscal year ended March 31, the best steel sales in the company's history. Total steel shipments from SAIL were the highest ever at 14.86 million tonnes during fiscal 2019 due to a... 04.04.2019  12:51

• China Steel Profit Increases In March Amid Rising Export Prices In March, exports of Chinese rolled metal products increased, while steel prices in China continued to recover. In March, the export price of hot rolled steel (HRC) averaged $ 267.50 /t, which is 7% more than in February. Domestic and export prices for Chinese steel rebounded from lows in... 04.04.2019  11:09

• Asian demand drives global steel production growth Recently, the World Steel Association (WSA) revised its steel consumption projections for the region and these figures were officially announced at the April 2019 meeting. Global demand for finished steel in 2018 amounted to 1,711.6 million tonnes, while this year it is projected at 1,734 million... 03.04.2019  09:14

• Nippon Steel aims to be the world's best steel producer Nippon Steel has completed the acquisition of 51% of the common shares of Sanyo Special Steel Co., Ltd., making it a subsidiary. In addition, it acquired all of the shares in Ovako AB, Sweden's leading specialty steel producer. Ovako is now a subsidiary of Sanyo Special Steel. By integrating steel... 03.04.2019  09:12

• Steel production in the EU-28 fell by 5% European crude steel production reported a decline in February 2019. Domestic production for the month was 12.984 million tonnes, according to the World Steel Association (worldsteel). This is slightly lower by 5.0% when compared with the 13.664 million tonnes capacity achieved by the region in the... 03.04.2019  09:05

• Ukrzaliznytsia raised the prices for cargo transportation and promised to do it regularly Ukrzaliznytsia Raises Tariffs for Freight Transportation. Prices rose 14.2%. The changes took effect on March 30th. This was reported by the press service of the company. The carrier carried out the indexation even earlier than planned, as it was previously mentioned that the tariffs would... 02.04.2019  11:03

• Exporters of hot rolled coils from CIS reduce the price Hot rolled steel suppliers from Russia and Ukraine have succumbed to market pressure, selling their products at levels lower than those offered in the last week of March. They subsequently lowered the quotes accordingly for the new availability, A Russian supplier from the Urals accepted bids at... 02.04.2019  10:14

• Hyundai Steel to spend 530 billion won to reduce emissions Hyundai Steel Co., the second largest South Korean steel mill, said Monday it plans to cut its environmentally harmful emissions by more than 50 percent from current levels. Hyundai Steel said it intends to spend approximately 530 billion won (US $ 468 million) to address fine dust and other... 02.04.2019  10:08

• Philippines Steel Consumption To Reach Record In 2019 Steel consumption in the Philippines is forecast to grow 5-6 percent this year to a record 11.1 million tonnes as the country's economy continues to grow. After rising just 2 percent in 2017 due to high prices, steel consumption in the country jumped about 9 percent last year to a record 10.5... 02.04.2019  10:03