Metallurgy news
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Fall of the steel market in ChinaThe outlook for the Chinese market has turned grim in several years as high steel production, falling new orders and rising inventories put strong pressure on domestic steel companies. The S&P Global Platts China Steel Sentiment fell to 8.42 out of a possible 100 in June, the index's second-lowest…
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Steel export from Iran exceeded 1 million tons in 2 monthsIranian steelmakers exported 1.04 million tonnes of steel in the first two Iranian months (March 21-May 21) to record a 15% decline year-on-year, according to the latest data released by the Mining and Extractive Development Organization branches of Iran. Steel mills shipped 609,349 tons during the…
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Use of the tariff quota for the import of Ukrainian rolled metal products into the EUThe use of the quota within the framework of the final protective measure established by the European Commission in relation to rolled metal products originating from Ukraine and imported into the EU countries is analyzed. The measures apply to 14 categories of Ukrainian metal products, of which 12…
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Zaporizhzhya Foundry and Mechanical Plant received a certificate of compliance with the international eco-standardThe production processes at the Zaporizhzhya Foundry and Mechanical Plant comply with the criteria of the international environmental standard ISO 14001: 2015. This conclusion was made by the specialists of the leading audit company TÜV SÜD based on the results of the certification audit that took…
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Recovery in steel prices is needed to offset high raw material pricesT.V. Narendran, CEO of Tata Steel and MD, in an interview with ETNOW, answering the question, “Are you also concerned about the rise in iron ore prices, both domestically and globally? Also, the fact that this is not accompanied by a simultaneous rise in steel prices? " Said, “In the last few…
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Production results of MMC of Ukraine in May 2019In May 2019, the metallurgical enterprises of Ukraine produced: - pig iron - 1.68 million tons (a drop of 9% compared to April 2019); - steel - 1.83 million tons (down 6%); - rolled products - 1.74 million tons (an increase of 6%). During 5 months of 2019 produced: - iron ore concentrate - 26.40…
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China's steel production hits record high in MayChina's steel production hit an all-time high in May, according to official data released on Friday, even as surges in raw material prices, especially iron ore, have squeezed margins. The world's largest steel producer produced 89.09 million tonnes of steel last month, up from 85.03 million tonnes…
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Refinancing of Metinvest recognized as the deal of the year on the issue of bondsMetinvest, a vertically integrated group of metals and mining companies, is pleased to announce that the International Financing Review (IFR) magazine, the authoritative source of information on capital markets, has recognized Metinvest's debt refinancing transaction as the Deal of the Year to…
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Thyssenkrupp Introduces Artificial Intelligence - AlfredThyssenkrupp Materials Services continues to drive digital transformation: since the beginning of 2019, an artificial intelligence solution powered by the Microsoft Azure cloud platform has been integrated into the processes of the largest material and service provider in the western world. Alfred…
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Imported Steel Will Subject to Increase in Value in Indian MarketIndian Express said that in an effort to provide more benefits to domestic producers in government procurement, the Department of Steel has introduced a notice that requires imported steel to expose higher domestic value added when making a product that would be eligible for purchase by government…
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