Metallurgy news
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South Korea insists on US sanctionsThe World Trade Organization meeting revealed that South Korea plans to push for trade sanctions against the United States in a dispute over steel pipe tariffs. South Korea put the request for sanctions on the WTO agenda on August 9, but the United States is likely to challenge the request…
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Production of rolled metal products is growing in IranIranian finished steel production rose 16% year-over-year in three months to June 21, or the first quarter of the Iranian year, to 5.27 million tonnes, according to the Iranian Steel Producers Association (ISPA). Hot-rolled steel production increased 9% to 2.29 million tonnes, while rebar…
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Chinese steelmakers report lower profits in 1H 2019Due to high prices for iron ore in the first half of 2019, production costs for Chinese metallurgists increased. The China Iron and Steel Industry Association said that while China's steel production rose 9.9% on an annualized basis to 492 million tonnes in the first half of the year, higher…
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SAIL SSP Privatization Will Lead to Stainless Steel Monopoly in IndiaPresident of the Tamil Nadu Congress Committee Mr. K.S. Alagiri said the privatization of India Limited Limited's steel plant at the Salem Steel Plant would result in a monopoly on the country's stainless steel market. Mr Alagiri said: “Currently in India 60% of the stainless steel market is owned…
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Severstal increases sales of new products in the first half of 2019In the first half of 2019, Severstal sold 192,000 tonnes of new products under the Food Innovations project, which is almost five times more than last year. Mr. Alexander Shevelev, CEO of Severstal, said: “In today's fast-paced world, customer needs for our products are changing rapidly. As part of…
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Dneprospetsstal: Successful unloadingIn connection with the increase in the volume of incoming metal in the heading shop of Dneprospetsstal, the enterprise decided to expand the area for unloading trucks and railway cars. Naturally, under the newly cast concrete platforms, a larger number of special equipment is needed - reloaders…
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ArcelorMittal postpones temporary shutdown of Krakow Steel WorksArcelorMittal announced its decision to postpone the previously announced temporary closure of its blast furnace and steel mill in Krakow, Poland. The decision followed protests from workers representing unions at the plant. It should be noted that about a thousand protesting workers picketed the…
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US Steel has lost 70% of market capitalization since tariffs were introducedUS steelmakers assess the Trump administration's steel tariffs and think, "Be careful what you wish for." Several news outlets reported that tariffs boosted production in the United States at a time when global demand was falling, resulting in lower prices. While companies with more efficient…
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Positions of Ukraine in the global production of iron and steel in the first half of 2019Pig iron production results According to Worldsteel, for 6 months of 2019, metallurgical enterprises of the countries of the world smelted 681 480 thousand tons of pig iron, of which 636 870 thousand tons by the blast furnace method and 44.610 thousand tons by the direct reduction method. These…
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Metinvest Group invests in upgrading the equipment of the oxygen shopThe oxygen shop of the Azovstal steel plant of Metinvest Group is undergoing a planned modernization of equipment with an investment of UAH 30 million for the current year. At the moment, an air separation unit (VRU-60) has been commissioned, the repair of the air compressor is nearing completion…
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