Metallurgy news
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Evraz is considering buying the French partEvraz PLC is interested in purchasing part of British Steel. The FT said: "The Russian metallurgical mining group, of which Chelsea football club owner Roman Abramovich is the largest shareholder, is specifically considering British Steel's business in France, which supplies rails for railway…
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Fitch Affirms Tata Steel's 'BB' RatingFitch Ratings has affirmed Tata Steel's Long-term Issuer Default Rating (IDR) at 'BB', keeping the outlook stable. Tata Steel UK Holdings' Long-term IDR is also affirmed at 'B' with a stable outlook. The agency said that all ratings have been removed from the rating observations in which they were…
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MMK supplies a record number of long productsIn May, the Magnitogorsk Iron and Steel Works shipped 181,070 tons of long products to consumers, which is a record indicator of monthly shipments of this type of product since the launch of the existing divisions. The previous record was 172,000 tonnes of long products shipped by MMK in July 2015…
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Ukrainian industry continues to growIn May 2019, industrial production increased by 1.6% against the same period last year. This was reported by the Ministry of Economic Development and Trade of Ukraine on its Facebook page. The following industries showed the best dynamics: production of chemicals + 6.7% metallurgical production +…
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Vietnam to impose anti-dumping duties on Chinese and South Korean coated steelVietnam plans to impose anti-dumping duties on coated steel from China and South Korea starting June 25 for about four months before final decisions are made on ADD investigations, the country's trade ministry said this week. 19 Chinese companies will be subject to ADD rates ranging from 3.45% to…
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Maintaining production is a priority in Iran's metallurgical sectorMaintaining production is a priority in the country's steel sector, Iranian Deputy Industry, Mining and Trade Minister Jafar Sargini was quoted as saying on Saturday. Speaking about the problems posed by the sanctions, the official said that in the context of the sanctions, steel producers prefer…
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LatAm Steel Association reacted to China's withdrawal of WTO claimChina claims that under the terms of its 2001 WTO membership, it should be recognized as a market economy in 15 years. The Latin American Steel Association (ALACERO) noted in a press release that China's recent withdrawal from the WTO claim over China's market economy status confirms that the…
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US Steel will reduce capacity in a weak marketUS Steel plans to cut capacity in the near future to cope with volatile market conditions. “In response to current market conditions, we are taking action in line with our strategy to adjust the global footprint of the blast furnace,” the company said in a statement. "We are idling two blast…
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European contracts for import /export of scrap are fallingEuropean contracts for the import /export of scrap from France and Germany to Italy and Spain for June are in the process of closing lower by 10 euros /tonne ($ 11.2 /tonne) compared to May. However, not all contracts have been signed and some of them may be negotiated at a price lower by 5 €…
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Vallourec Niko Tube Joint Venture Reaches Design CapacityVallourec Niko Tube is a joint venture between the world leader in premium pipe products Vallourec and the Ukrainian industrial company INTERPIPE in a partnership announced in April 2018 to produce seamless pipes for the European market. The production facilities of Vallourec Niko Tube are located…
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