Metallurgy news
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Dneprospetsstal replaced the chairman of the boardThe Management Board of PJSC "Dneprospetsstal" informs the counterparties, government agencies and all interested parties about the change in the composition of the officials of CJSC "DNEPROSPETSSTAL". On July 24, 2019, the Supervisory Board decided to terminate the powers of Vitaly Nikolayevich…
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Total U.S. finished steel imports declinedData released by the American Iron and Steel Institute (AISI) for June 2019 shows that the United States imported a total of 2.03 million tonnes of steel, including 1.71 million tonnes of finished steel, down 2.5% and 8.3 % respectively compared to the final data for May). In the first six months…
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Results of rolled metal production in Ukraine for the first half of 2019During 6 months of 2019, Ukrainian metallurgical enterprises produced 9,420,000 tons of rolled metal (101.9% compared to the same period in 2018), of which about 8,110,000 tons, or 86.1%, were exported. In the same period in 2019, the share of exports was about 84.6% (7,820,000 tons with a total…
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European steel markets face growing pressureEuropean steel markets are facing growing pressure from weak demand, market protectionism and persistently high prices for iron ore and coking coal, analysts at S&P Global said. While steel capacity is currently being cut as ArcelorMittal announced production cuts of 4.2 Mtpa, this may not be…
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Strategic partnership agreement between NLMK Group and LTC GroupNLMK Group signed a long-term strategic partnership with LTC Group, Italy and the Middle East, a leading European manufacturer of components for transformers and power generation devices. Under the agreement, NLMK Group companies in Lipetsk and Yekaterinburg will regularly supply grain and…
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India faces iron ore shortageIndia is the fourth largest iron ore producing country in the world after Australia, Brazil and China with an annual production of 210 million tonnes. India has five main iron ore states. Among them, Odisha produces the most, contributing 52% of total production. The state produces mostly medium…
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POSCO Announces Second Quarter ResultsPosco posted operating income of $ 848 million in Q2 2019 on sales of $ 681 billion. Sales were up 1.5 percent, but operating income and net income were down 14.7 percent and 14.7 percent year on year, respectively. The decline was mainly due to the sluggish steel business, which accounts for about…
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ArcelorMittal Kryvyi Rih - update on searches by the Security Service of UkraineArcelorMittal Kryvyi Rih reported that as a result of a search in the investigation department of the Security Service of Ukraine in the Dnipropetrovsk region on July 20, a continuous casting machine No. 3 and some pieces of equipment were seized. On July 20, 18 employees of the Security Service of…
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EU Targets US Tariffs Against If Trump Tariffs CarsThe European Union has nearly doubled to € 35 billion ($ 39 billion) the amount of US goods it will strike with retaliatory tariffs if President Donald Trump embodies the threat of EU tariffs on cars and auto parts. European Trade Commissioner Cecilia Malmström reported an increase from an earlier…
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Guinea seeks developers for Simandu iron ore depositSimandou has over two billion tonnes of iron ore reserves and some of the highest grades in the industry (66% - 68% Fe, attracting premium prices). Guinea has announced an international tender for Blocks 1 and 2 in Simandu, providing companies with information on its bids by August 2, as the…
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