Metallurgy news
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Steel production in Ukraine decreased in OctoberCrude steel production in Ukraine in October amounted to 1.56 million tons, which is 10.5% less than in the previous month. Along with this, in the first 10 months of 2019, steel production in Ukraine increased by 2.3% year on year, reaching about 18 million tons, which is 4.1% more compared to the…
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AISI welcomes GFSEC agreement to reduce excess capacityThe American Iron and Steel Institute (AISI), along with fifteen other steel industry associations from around the world, welcomed the agreement of most members of the Global Steel Overcapacity Forum (GFSEC) to continue their work to reduce excess steel capacity. The associations also called on…
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How iron ore prices will affect the cost of rolled metalAt an iron conference at the London Metal Exchange in London, a Citi analyst explained to delegates that iron ore prices should be "slightly lower next year," while coal may rise in value. As a result, steel prices will remain moderate but not fall, said Tracy Liao, an analyst at Citi. According to…
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Steel production in CIS countries declined by 2.6% - WorldsteelThe aggregate production of crude steel for the initial nine-month period of the current year amounted to 76.016 million tons. Production data published by the World Steel Association (Worldsteel) show a marked decline in crude steel production in the Commonwealth of Independent States (CIS) region…
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BHP Allocates $ 44M to Rebuild Mine After World's Worst Environmental DisasterThe world's largest miner, BHP, said the funding will go towards building a filtration plant over the next 12 months, after which the mine will resume production. BHP has approved $ 44 million in funding to reopen Samarco Mineracao, its iron ore joint venture with Vale in Brazil, four years after…
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The DMZ is undergoing repairs and modernization of equipmentAt the Dnieper Metallurgical Plant of the DCH Group of Alexander Yaroslavsky, the renewal of fixed assets continues. In September, the overhaul of the coke oven battery No. 5 was completed, the overhaul of the coke oven battery No. 4 was started. In the spring, work will start on the complex of the…
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Russian Metprom will revive Nigerian Ajaokuta Steel CoRussia could give birth to the new largest steel plant in Nigeria after decades of inactivity. Mining and Steel Development Minister Olamilekan Adegbit said that “The Russian engineering and construction group MetProm will undertake the necessary work to commission the facility, financed by the…
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Results of production and consumption of rolled metal in Ukraine for 9 months of 2019During the nine months of 2019, metallurgical enterprises of Ukraine produced 14.09 million tons of rolled metal, which is 2% higher compared to the same period in 2018, of which about 11.67 million tons were exported, or 82.8% in 2019. In the same period in 2018, the share of exports amounted to…
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Hyundai Steel reports third-quarter net lossHyundai Steel said its net loss increased in the third quarter from a year earlier due to higher raw material costs. Net loss for the July-September quarter increased to US $ 56 million from 38.1 billion Kuvalov won a year earlier. Sales in the third quarter were down 3.6 percent from a year ago…
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Steel production in India increased by 3.5%Steel production in India increased 3.5% to 84.18 million tonnes in the first nine months of calendar year 2019, up from 81.31 million tonnes in the same period last year, according to data released by the World Steel Association. In the first nine months of 2019, global crude steel production was…
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