Metallurgy news
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Dneprospetsstal: results of August 2019In August 2019, PJSC DNEPROSPETSSTAL delivered 19,710 tons of steel, which is 5.1% higher than the level of the previous month. During the same period, the Company produced 13,678 tons of rolled products, which is 1.6% more than in July 2019. The total cost of commercial products manufactured in…
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ArcelorMittal threatens to close an iron ore mine in UkraineThe management of ArcelorMittal Kryvyi Rih said that if the Ukrainian government increases fees associated with the extraction of iron ore, the company will be forced to stop the mine. Other Ukrainian companies speak in a similar tone. Recently, the Ukrainian parliament has proposed tax changes…
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Fitch and S&P Upgrade Metinvest's RatingsThe international rating agency Fitch Ratings has raised the long-term issuer default ratings (IDRs) of the Metinvest mining and metallurgical group and the ratings of its Eurobonds to BB- from B +, with a stable outlook. "The increase follows an increase in Ukraine's country ceiling to 'B' from…
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British Steel Saint-Saulve plans to open a new billet production lineIt was reported that steelmaker British Steel Saint-Saulve has announced an investment of € 16 million to produce larger billets through August 2020. The company commissioned Danieli to create a production line. Cedric Orban, CEO of the company, said the new production line had passed all tests and…
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USA increased exports of HRC in JulyAccording to statistics from the United States Department of Commerce (USDOC), the United States exported about 39,000 tonnes of hot rolled steel in July, up 10.4% from the previous month but down 21.7% from the same month a year ago. Among the main destinations, the largest share is accounted for…
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Steel production in Italy increasedAccording to data from the Italian association of steel producers Federacciai, crude steel production in Italy in July this year was about 1.98 million tonnes, down 8% from the same month a year ago. In the first 7 months of this year, steel production in Italy amounted to about 14.55 million tons…
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ArcelorMittal plans to implement hydrogen steel project in HamburgArcelorMittal announced that it has commissioned technology supplier Midrex Technologies to design a demonstration plant at its Hamburg plant for hydrogen steel production. The two companies have now signed a framework cooperation agreement to collaborate on several projects ranging from research…
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Rolled metal center closed in IndianaThe closure of the center comes a year after Vice President Mike Pence visited the Mill Steel plant in Grand Rapids, talking about the Trump administration's steel tariffs boosting growth in the US steel industry. The Indiana Steel Distribution Center will shut down and leave 50 people unemployed…
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Indonesian stainless steel will be included in the EU security system from OctoberIndonesian hot and cold rolled stainless steel sheets and strips will be included in the European system of guarantees from the beginning of October, according to the latest approved amendment to the guarantees. Indonesia was originally listed as a developing country by the World Trade Organization…
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Metinvest is a likely buyer of the Polish steel mill Huta CzestochowaThe Industrial Union of Donbass ISD Polska said that it considers Metinvest group the most acceptable and promising option for the bankrupt Huta Czestochowa plant in Poland. ISD Polska Chairman of the Board Konstantin Litvinov told Interfax-Ukraine by telephone from Poland on Friday that Metinvest…
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