Metallurgy news
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Chinese Baosteel and Brazilian Vale Sign First RMB DealChina's Baoshan Iron & Steel Co Ltd, listed as one of the country's largest steel producers, has completed its first Chinese currency iron ore deal with Brazil's Vale SA. China, the world's largest consumer of iron ore, is trying to leverage its influence on steel ingredient pricing to help its…
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ArcelorMittal reopens blast furnace at Krakow plantArcelorMittal Poland decided to reopen the raw materials part of the Krakow Metallurgical Plant, i.e. the blast furnace and the steel plant, which was temporarily stopped at the end of November 2019. According to the company, this should happen in mid-March this year. ArcelorMittal Poland on…
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Russian shipments of MMK galvanized steel hit record high in 2019According to statistics, Magnitogorsk Iron and Steel Works (MMK), one of the world's largest steel producers, shipped about 1.29 million tons of galvanized steel in Russia in 2019, reaching a record level in its history. Over the past 20 years, MMK has actively invested in the production of high…
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Exports of rolled metal products from the EU decreased by 2%EUROFER announced that total exports of rolled steel from the EU to third countries decreased by 2% year on year in the first eleven months of 2019. Exports declined 3% year on year in both the first and second quarters of 2019, but this downward trend ended in the third quarter and exports showed…
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Metinvest announces 4Q and 2019 production resultsMetinvest BV announced operating results for the fourth quarter and 12 months ended December 31, 2019. In Q4 2019, Metinvest's hot metal production decreased by 7% qoq to 1,887 thousand tonnes due to scheduled overhauls of blast furnaces at the Mariupol steel mills. Production at Azovstal decreased…
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DMK exported 79% of products in 2019Dneprovsk Iron and Steel Works shipped 2.25 million tons of marketable products to consumers last year. According to the sales department of the plant, 79% of shipped metal products were sent to foreign markets - 21%. Continuously cast billets (over 1.5 million tons) of the total shipment volume…
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JSC "YUGOK" slightly increased the production of iron ore concentrateIn January 2020, the volume of production of iron ore concentrate amounted to 986.4 thousand tons. This is 21.3 thousand tons or 2.2% more than in December 2019. However, compared to January 2019, the concentrate output decreased by 10.5%. No agglomerate was produced. Yuzhny Mining and Processing…
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Union will fight for a good deal on the sale of the Thyssenkrupp divisionThyssenkrupp plans to sell its elevator division, which is valued at more than 15 billion euros. Any buyer will have to enter into an agreement with IG Metall, Germany's most influential trade union, as part of the acquisition. But workers in Thyssenkrupp's elevator division will be pushing to…
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SAIL Records 35% Sales Growth In January 2020The Steel Authority of India Limited recorded a 35% year-on-year increase in sales in January 2020 to 1.659 million tonnes. In the period from April 19 to January 20, the Company achieved a 10.8% increase in sales compared to the same period last year. By the way, in connection with the growth in…
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US DoC Completes New Currency Manipulation RulesThe US Department of Commerce has finalized new rules to impose countervailing duties on countries believed to underestimate their currencies, which could lead to further duties on steel imports. The new currency rule clarifies how the Commerce Department will apply CVD duties to subsidies…
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