Metallurgy news
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Turkish Steel Sheet Exports Down In 2019Turkey's total steel sheet exports totaled about 5.6 million tonnes, down 6.4% year on year, according to an official Turkish government report. Among them, the export of hot-rolled sheet amounted to about 3.4 million tonnes, down almost 12% year on year; exports of cold rolled sheet were about…
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Further reduction of rolled metal production in ChinaAs of mid-February, most of the rolled metal traders and steelmakers in Xinjiang had not yet returned to work. The two main steel markets in Urumqi were also not yet officially open for business and all steel markets were closed. Many obstacles to road and rail transport affected the supply of…
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Thyssenkrupp reports weak resultsIn a challenging economic environment, Thyssenkrupp sales were almost stable at € 9.7 billion in the first three months of the current fiscal year 2019/2020. While capital goods factories have achieved double-digit growth in some cases, material production has clearly been affected by losses in…
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US Accuses China and Taiwan of Tax EvasionThe US Department of Commerce (USDOC) has accused China of evading US anti-dumping (AD) and countervailing duties (CVD) by sending rolled steel intended for the production of certain Corrosion Resistant Steel (CORE) products to Costa Rica, Malaysia and The UAE petty processing companies as well as…
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PJSC "Zaporozhgneupor": production results in January 2020In January 2020, Zaporozhgneupor increased the production of molded refractories by 39%. In January 2020, the production of Zaporozhgneupor amounted to 9763 tons of molded refractories, including 4247 tons of fireclay refractories, 3466 tons of magnesia products and 2050 tons of high-alumina…
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India: Building a Value Added Metallurgy IndustryIn the last fiscal year, India produced 106.54 million tons of liquid steel and was ranked second in the world ranking. However, at the same time, the country was a net importer of finished steel in the last fiscal year and was heavily dependent on foreign supplies of value-added steels. If you…
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NLMK Group announces 4Q and 2019 financial resultsNLMK Group announced financial results for the 4th quarter and 2019. NLMK Group CFO Shamil Kurmashov said: “The situation on the steel products markets in 2019 was quite difficult. In the second half of 2019, prices fell below the average cycle. The dive was so deep that we estimate that 80% of the…
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Competition Tribunal approves ArcelorMittal SA to acquire Highveld plantThe South African Arbitration Tribunal unconditionally approved the acquisition by ArcelorMittal in South Africa of Highveld Structural Mill (Pty) Ltd, a subsidiary of Evraz Highveld Steel & Vanadium. The Commission's investigation showed that there would be no anti-competitive consequences as a…
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DNEPROSPETSSTAL in January exceeded the plan for shipment to KPTsIn January 2020, PJSC "DNEPROSPETSSTAL" delivered 14,149 tons of steel and produced 10,809 tons of rolled products. The total cost of commercial products manufactured in January 2020 amounted to UAH 522,422 thousand. (at current prices). In January 2020, it should be noted that the plan for the…
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India's steel sector hinders achievement of climate change goalsIndia's heavy industry, especially steelmaking, is a sore spot in its climate action plans. Scientists warn that the booming sector could lead to the collapse of the country's sustainable development plans if the government fails to decarbonize it within the next 30 years. “Steel is one of the main…
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