Metallurgy news
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Nippon Steel will sell nearly $ 2 billion in assets to buy Essar SteelUntil March 2021, Nippon Steel will unload assets worth up to 200 billion yen (US $ 1.85 billion), which is beyond the original sales plan to finance the acquisition of India's Essar Steel. Sales will focus on fixed assets such as equity and land. Executive Vice President Katsuhiro Miyamoto said…
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Two companies are interested in buying the Bosnian plant Jelsingrad LivaThe sale of the Bosnian steel mill Jelsingrad Livar generated interest from two bidders. News Glas Srpske quoted Jelsingrad Livar CEO Miodrag Brdar as saying that “I received information from the Livar Group that two companies have applied to buy shares, but further details remain a trade secret.”…
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Severstal announces 2Q 2019 production resultsPJSC Severstal announces production results for the second quarter of 2019. Hot metal production decreased qoq in Q2 2019 to 2.30 Mt (Q1 2019: 2.36 Mt) due to short-term maintenance work at BCP # 1, BCP # 4 and PZ # 5. Steel production remained largely unchanged at 3.06 million tonnes (Q1 2019…
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Ukraine has increased the export of semi-finished steelAccording to DP Derzhzovnishinform, Ukrainian companies exported 3.84 million tons of steel semi-finished products in the first half of 2019, which is 7.2 percent more than in the same period in 2018. Nevertheless, the proceeds from the sale of billets abroad fell by 5.5 percent - to 1 billion 620…
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ArcelorMittal Italia lawyers are exploring a solution to avoid the closure of the ovenArcelorMittal lawyers are examining initiatives to avoid the closure of a second blast furnace at the former ILVA steel mill, ordered by the Taranto prosecutor on Tuesday. Lawyers said they have begun "hypothesizing" initiatives, possibly with the consortium that hosted ILVA last year. Unconfirmed…
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Kobe Steel establishes Kobelco Europe's European headquarters in GermanyKobe Steel Ltd announced the creation of Kobelco Europe GmbH earlier this month as the European headquarters of the Kobe Steel Group. KEU grew out of the existing Kobelco Machinery Europe GmbH in Munich, Germany. KME was founded in 2012 as a base for Kobe Steel's engineering business in Europe…
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American steel supplies fell 1%US steel mills shipped 8.142 million tonnes net during May this year. That was down marginally 0.9% from shipments in the same month in 2018, according to the American Iron and Steel Institute (AISI). It should be noted that in the same month a year ago, the mills shipped 8.210 million tons…
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Russia calls the US to the WTO to resolve the dispute over antidumping measures on steelRussia has initiated a dispute in the World Trade Organization against the US dumping duty on carbon steel. The WTO stated that “The Russian Federation has asked the WTO to consult with the United States on the continued application of US anti-dumping duties on imports of carbon steel from Russia…
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Iran takes action to increase steel productionA consortium of the Iranian Organization for the Development and Reconstruction of Mines and Mines (Imidro) and five companies signed a memorandum of understanding to create a steel production group with a capacity of 10 million tonnes per year. The move represents a clear step forward towards the…
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KIOCL will increase sales of iron ore pellets to EuropeIndian state-controlled iron ore pellet producer KIOCL has signed initial agreements with international trading companies Glencore and Steel Mont to sell pellets to the European market, including the UK. KIOCL is looking to increase its overseas sales in the former China markets with an initial…
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