Metallurgy news
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Steel production in Europe declinedThe EU-28 countries recorded a slight decrease in crude steel production in July 2019 compared to the previous year. Since the beginning of the year, production has also seen a decline over the course of the month. According to recent production statistics published by the World Steel Association…
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Metalloinvest improves energy efficiency at Ural SteelMetalloinvest has implemented a large-scale project to modernize the thermal power plant at Ural Steel. Andrey Varichev, CEO of the management company Metalloinvest, said that “The modernization of an independent generator using modern technologies is an important part of a comprehensive program…
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ArcelorMittal Kryvyi Rih accused of tax evasion in the amount of 9 billion hryvniaThe office of large taxpayers completed the audit of ArcelorMittal Kryvyi Rih, which began on May 14, 2019, the head of the Office Yevgeny Bambizov said at a meeting with journalists in Kiev, and added that the amount of claims against the largest investor in Ukraine is 9 billion hryvnia. “As of…
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Metinvest recognized as the most successful Ukrainian brandMetinvest Group entered the top 20 most successful Ukrainian brands that have become known throughout Ukraine and are among the leaders in their industries. This is reported by RBC-Ukraine with reference to the corresponding rating, prepared taking into account information from various open…
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Production results of MMC of Ukraine in August and for 8 months of 2019In August 2019, metallurgical enterprises of Ukraine produced: cast iron 1,820 thousand tons (an increase of 10.5% compared to July 2019), steel 1940 thousand tons (an increase of 8.5%), rolled metal 1,570 thousand tons (an increase of 3.6%). For 8 months of 2019, it was produced: pig iron 13,710…
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Rising raw material costs lower profits for Chinese steelmakersChinese steel mills reported lower profits in the first seven months of this year due to higher raw material prices. Enterprises that are members of the China Iron and Steel Industry Association generated about $ 339 billion in sales revenue during this period, an increase of 9.75%, while profits…
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Tata Steel Europe announces the results of the non-core sales processTata Steel Europe announced the results of its non-core business unit sales process. Tata Steel has signed a Cogent Power Inc sale and purchase agreement with Japanese steel giant JFE Shoji Trade Corporation. CPI manufactures cores for electrical distribution transformers and employs about 300…
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MOL targets Turkey's steel sectorThe largest Japanese ship owner Mitsui OSK Lines (MOL) is seeking to penetrate Turkey with bulk materials. MOL has signed an agreement with the Turkish steel mill Tosyali Holding, which aims to develop transport agreements for both raw materials and steel products, as well as to develop a joint…
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US Steel stops blast furnace # 8It is common knowledge that the cyclical nature of the steel industry can be a tough business, subject to severe fluctuations. Last August, US Steel CEO David Berritt, Indiana Governor Eric Holcomb and other dignitaries gathered to announce a $ 750 million investment at the Gary Works steel mill…
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Steel production in India up 1.7% in July 2019Global crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.7 million tonnes in July 2019, up 1.7% from July 2018. Ndia's crude steel production also rose 1.7% in July 2019. In July 2019, India produced 9.2 million tonnes of crude steel. China's…
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