Metallurgy news
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ArcelorMittal Kryvyi Rih invests in wastewater monitoring systemArcelorMittal Kryvyi Rih put into operation the second waste water quality control post. Thus, the company has completed the implementation of a modern automated wastewater monitoring system, which has no analogues in Ukraine. Investments amounted to UAH 12.2 million. ArcelorMittal Kryvyi Rih is…
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Steel industry faces tougher environmental regulationsSouth Korea's increasingly stringent environmental regulations are hampering the steel industry, which is already plagued by falling sales and rising raw material prices. Last week, three regional governments representing South Chuncheon Province, North Gyeongsang Province and South Jeolla Province…
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Turkish HRC factories stifle export salesOn Monday, the export market for hot rolled coil products in Turkey remained calm after a week of holidays in Bayram suspended the market. Market participants expected Turkish mills to show some signs, but the mills remained mostly on the fence. This was partly due to the lack of available tonnage…
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Gold Expects Biggest Weekly Gain Since March 2018Gold prices stabilized on Friday but continued to move towards their biggest weekly gain since March 2018, after rising expectations for a US rate cut and concerns over trade disputes boosted demand for bullion. However, having failed earlier this week to break the 2019 high of $ 1,346.73, analysts…
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India's iron ore production hits 10-year highThe country's iron ore production rose to a decade-record level of 220 million tonnes in fiscal 2019, up 9.5% year on year from 201 million tonnes in fiscal 2018. Analysts are betting on the ongoing growth in ore mining this fiscal year. Their positive sentiment comes from merchant miners looking…
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Tata Steel Europe sells businessTata Steel Europe announced that it has signed a business purchase agreement with William King Limited to sell Firsteel's assets. Last May, the company announced it was looking for a buyer for Walsall, UK-based Firsteel and its associated business units. The sale is considered part of Tata Steel's…
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ArcelorMittal announces increase in rental pricesArcelorMittal has begun to announce to its sales agents and customers across Europe that it intends to raise prices for long products. This will apply to all new orders that will be delivered in July and the third quarter. The increase is calculated at around € 15 /tonne ($ 16.85 /tonne) for…
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EU steel executives demand import action45 European steel leaders and the head of the steel association sent an open letter this week to the continent's heads of state and government and EU institutions. The goal is to require the strengthening of existing protective measures from the beginning of July. In a publication published by the…
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Energomashspetsstal shipped rolls to the Indian company Essar SteelThe specialists of PJSC Energomashspetsstal shipped backup rolls to the Indian steel company Essar Steel. The total weight of the products shipped was 154 tons. The roll order was received in 2018. At the moment, work continues on the next set of rolls for India, which will be delivered to the…
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Liberty Steel Group among contenders for troubled British SteelInsolvency Service announced that several parties have expressed interest in buying all or part of British Steel's steel assets, which were forcibly liquidated in May due to their inability to obtain new funding from the government. To date, about 80 companies have contacted the official recipient…
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