Metallurgy news
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MMK continues robotization of business processesAs part of the project for the implementation of business process automation at the Magnitogorsk Iron and Steel Works, MMK-Informservice entered into a general partnership agreement with UiPath, the world leader in the production of software platforms for the automation of robotic processes. The…
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Liberty Steel in the Czech Republic and trade unions reach an agreementThe management of the Ostrava Metallurgical Works "Liberty" signed an agreement with trade union activists on the future of the company. This applies to future investment, production and employment, but also extends the current collective agreement until 2023. The company's agreement with trade…
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JSW steel production in August decreased by 13%One of the largest private steel producers in India, JSW Steel, recorded a 13 percent drop in crude steel production in August 2019. In a statement to the stock exchanges, JSW Steel said crude steel production for August 2019 was 1.25 million tonnes, up from 1.45 million tonnes in the same period…
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Ukrainian exports of steel pipes fell in AugustMajor Ukrainian pipe manufacturers, including INTERPIPE Niko Tube LLC, Interpipe NTZ, DMZ KOMINMET, have sold their steel pipes to the US market. In 2018, exports of Ukrainian steel pipes reached a four-year high. However, this year, due to the difficult international political and economic…
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Signs of improvement in China's auto market are positive for steel demandGrowth in China's domestic auto market in August sent a positive signal to the manufacturing sector and will help support flat steel prices in the coming months. Passenger car production in China rose 9.1% from the previous month in August, while sales rose 5.4% from the same period. This came…
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Indonesia to build 18 nickel plants in 2019China is the world's largest stainless steel producer and has long dominated the nickel industry in Indonesia. As such, this has led to strong market pressure from local operators of a metallurgical plant in Indonesia. According to reports, Indonesia will build 18 nickel plants this year. It has…
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Turkish imports of iron ore and scrap fell in JulyAccording to statistics from the Turkish Statistical Institute (TUIK), Turkey imported about 743,000 tons of iron ore in July, down 39% year on year. Among them, Brazil was the largest supplier with 243,000 tons, down 61% year on year. South Africa supplied about 167,000 tons, up from zero last…
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US imposes duties on structural steel from China and MexicoThe US Department of Commerce said Wednesday it imposed tariffs on structural steel from China and Mexico after preliminary announcement that manufacturers in both countries were dumping structural steel into the US market at prices below fair market value. The department said it has imposed duties…
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Iron ore recovers in priceChina's stimulus could push steel futures to a higher level. The best-selling iron ore futures on the Dalian Commodity Exchange for January 2020 delivery rose 1.8% to 655.50 yuan ($ 91.90) a tonne after falling 3.6% earlier in the session. On the Singapore Exchange, October contracts for the first…
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July Steel Deliveries Up 5.1% MoMThe American Iron and Steel Institute (AISI) reported that US steel mills shipped 8,115,10 tons of steel products in July 2019, up 5.1 percent from 7,718,499 tons shipped in the previous month in June 2019. there was also an increase of 2.6% compared to 7,911,228 tonnes shipped in July 2018. YTD…
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