Metallurgy news
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HRC market in Vietnam is boomingAccording to the news last week, imports of hot rolled coils (HRC) in the Vietnamese market have been active, with about 3-4 million tonnes being made from India. Vietnamese buyers were very interested in lowering prices at Indian factories. However, due to the strict policy of limiting production…
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Dneprospetsstal celebrates the 50th anniversary of vacuum arc remelting technologyThe vacuum department of SPC-5 of Dneprospetsstal produces unique alloys that are used in many industries, including rocket and space technology. “We are proud that the name of our Company has often become synonymous with such a thing as“ the first in the world ”. Vacuum-arc, electroslag remelting…
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Chinese firm rescues British metallurgy?The threat of a cataclysm in the troubled UK steel industry - the collapse of the second largest producer British Steel - has now been averted. Chinese steelmaker Jingye has agreed to buy the sick company, the UK government confirmed today (Nov 11), ending weeks of uncertainty during which it…
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Update on the modernization of ArcelorMittal Kryvyi RihDespite the reduction in cash flows, ArcelorMittal in Kryvyi Rih maintained a high level of investment in modernization between January and September 2019. The mill spent US $ 282 million in 9 months and expects investments to reach US $ 390 million in 2019. Some of the major projects include the…
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ArcelorMittal SA closes steel plantAfrica's largest steel mill, ArcelorMittal SA, decided to relocate its operations in Saldanha for maintenance following an operational review, and the group concluded that Saldanha had lost its structural competitive price advantage, mainly due to high raw material costs. and regulated prices…
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In China, iron ore and steel futures fell amid weak demandIron ore futures in China closed at a two and a half month low on Monday, falling in the fourth session as demand eased amid a slowdown in the manufacturing sector and shrinking inventories at factories. The best-selling iron ore futures on the Dalian Commodity Exchange for January 2020 delivery…
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Ukrainian exports of ferroalloys fell in January-October by 3.6%According to statistics, Ukrainian exports of ferroalloys declined by 3.5% year on year to 90.43 million tonnes in about 2018 compared to the previous year. In 2019, compared to 2018, the volume of exports also decreased on an annualized basis. In particular, the export of ferroalloys from January…
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China's Jingye Group Frontrunner to buy British companyChinese industrial giant Jingye Group took the lead in buying British Steel after negotiations between government officials and Turkish Ataer Holdings stalled. The message sent to British Steel employees indicates that the Official Recipient is expecting a handshake when selling Jingye soon. The…
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France becomes new flag of EU economy amid slowdown in German economyAccording to the latest data, the growth of the German economy has slowed down. In this situation, some experts began to view France as the new flag of the EU economy. The French economy, while not particularly well, is moving steadily and in a positive direction. The country is more resistant to…
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The increase in the tariff for gas transportation costs will hit the mining and metallurgical complex of UkraineIt is expected that the country's mining and metallurgical complex costs to pay for consumed gas will rise to UAH 3 billion if NKREKP approves an increase in fuel transportation tariffs. The relevant data was announced by the president of the association, Alexander Kalenkov, during a round table…
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