Metallurgy news
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Metinvest will build an oxygen complex in MariupolMetinvest Group has signed a contract with Air Liquide, a world leader in the production and supply of gases, technologies and services for industry and healthcare. The most modern air separation unit in Ukraine will be built at the Ilyich Mariupol Metallurgical Plant (MMK). The complex will meet…
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Dneprospetsstal published production results in May 2019In May 2019, PJSC DNEPROSPETSSTAL delivered 18,440 tons of steel, which is 11.0% less than in the previous month. During the same period, the Company produced 13,684 tons of rolled metal, which is 5.4% more than in April 2019. The total cost of commercial products manufactured in May 2019 amounted…
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India seeks tougher rules on imports of defective and non-standard steelThe Indian government has announced that it will take the necessary steps to curb imports of defective or non-standard steel, as part of efforts to protect domestic producers. This was announced during a high-level meeting of the ministries of industry and steel, which took place on Tuesday. It was…
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European Commission blocks Tata Steel-thyssenkrupp AG mergerThe European Commission announced its decision to ban the proposed merger of Tata Steel Ltd. and thyssenkrupp AG. A press release issued by the Commission noted that the parties were unable to offer adequate remedies in relation to the concerns it raised. The commission indicated that the merger…
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EU must respond to Trump's steel tariffs - L.N. MittalArcelorMittal CEO said in an interview with a German newspaper that Europe urgently needs to take further measures to offset the impact of import tariffs imposed by US President Donald Trump. L.N. Mittal, Chief Executive Officer of ArcelorMittal, said that “The EU announced protective measures, but…
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USDA raises estimates of wheat production in Russia and UkraineThe USDA raised its estimates of wheat production by Russia and Ukraine, the main exporters from the Black Sea region, by 2 million tons in 2019-20, and exports from the two countries by 1.5 million tons due to favorable weather conditions. Wheat production in Russia for 2019-20 is currently pegged…
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Official announcement on the future of the British steel companyA British Steel official said: "We are continuing to work with stakeholders to figure out how to keep the company as a permanent asset. These are commercial confidential discussions." The company still trades and supplies steel products to its customers who continue to provide good support for…
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China's steel exports fell 17% in MayDuring May 2019, steel exports from the country fell by 16.6% at an annual level to 5.743 million tons and decreased by 9.2% in a month. In January-May, steel exports from China amounted to 29.093 million tons, which is 2.5% more than in the previous year. Market experts attribute the decline to a…
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Metinvest's debt refinancing wins European Commodity Financing Deal of the Year awardMetinvest, a vertically integrated metals and mining group, is pleased to announce that TXF has named the Group's debt refinancing transaction the European Commodity Financing Deal of the Year in TXF's annual Best Deal of the Year competition, also known as the Perfect 10 rating. ". TXF is a…
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The sixth blast furnace stopped at Azovstal for overhaulMetinvest Group continues to modernize blast furnace production at the Azovstal steel plant in accordance with the Technology Strategy-2030. The blast furnace (BF) No.6 was shut down for overhaul. The modernization of the blast furnace will improve its energy efficiency, reduce production costs and…
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