Metallurgy news
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Steel production in China exceeded 85 million tonnes in JulyChina's steel production in July 2019 rose 5% year-on-year to 85.22 million tonnes, according to data released by the Bureau of Statistics on August 14. Steel production in January-July 2019 increased by 9% yoy to 577.06 million tonnes. Steel production rose 9.6% YoY to 105.82 million tonnes in…
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US steel production increased slightlyThe weekly U.S. steel output reported modest gains for the week ending August 10, 2019 over the previous year. This is in line with the latest weekly production statistics published by the American Iron and Steel Institute (AISI). In addition, production for the week decreased compared to the…
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Steel plant in Rwanda closes due to harmful emissionsThe New Times Rwanda reported that the Rwandan Environmental Protection Agency has closed SteelRwa, an air pollution steel mill. Ms Coleta Rouhamia, CEO of REMA, told the Sunday Times that the Ruamagan plant emits harmful gases. Ms Rukhamya said the environmental authority had warned the factory…
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Stainless steel production in China up 3.7% in JulyChina's stainless steel production in July was 2.53 million tonnes, up 3.71% over June and 18.65% in July 2018. Higher margins have forced stainless steel mills to increase production from Series # 300 at the expense of Series # 400. It says production of # 300 stainless steel was up 3.91% from the…
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Tata Steel reorganizes subsidiaries in India and EuropeTata Steel has embarked on a restructuring and simplification of its group structure by downsizing and reorganizing its subsidiaries in Europe and India. Mr. T.V. Narendran, CEO of Tata Steel, said: “We have about 300 subsidiaries in Europe. The clean-up has already begun and we hope to reduce it…
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Severstal joins the Renewable Energy Development AssociationPJSC Severstal joined the Renewable Energy Development Association. ARVE is a non-profit organization representing the interests of participants in the renewable energy sector in Russia and leading activities to stimulate investment and promote the use of renewable energy in the country. The…
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ArcelorMittal Kryvyi Rih supported the initiatives of the Office of the President of UkraineTop managers of ArcelorMittal Kryvyi Rih met at the end of July with Head of State Volodymyr Zelenskiy, and recently held talks with representatives of the Office of the President of Ukraine, discussing the possibilities of improving the environmental situation and introducing social projects in…
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Tata Steel's profit fell 65%Tata Steel's operations in India declined sharply year on year, capping consolidated net income by nearly 65% during the first quarter of the current fiscal year ended June 30, 2019. The decline was mainly due to a sharp drop in steel prices and higher costs. In its most recent report on the…
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EU HRC import prices fell to new lowsThe import price index for HRCs shipped to southern Europe fell to a new six-month low this week as the market fell silent over the summer break. As a result, the level of Turkish export offers decreased again. After a period of stability in July, this week the price stood at 462.5 euros /ton…
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Taiwanese stainless steel makers plan to invest in IndonesiaTo counter the stainless steel giants invested by China, the Taiwan government has also begun asking all of Taiwan's top stainless steel producers such as Yusco, Walsin Lihwa, Fuxin and Yuan Long Stainless Steel Corp. to integrate the domestic stainless steel industry to improve competitiveness…
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