Metallurgy news
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ArcelorMittal Kryvyi Rih "plans to reconstruct the wire mill No. 1At a public hearing, ArcelorMittal Kryvyi Rih presented an environmental impact assessment report for the reconstruction project of Wire Mill No. 1 with the replacement of two layers and two tribes. The design decisions were made based on the basic engineering of the technology and main equipment…
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USA with Canada and Mexico versus steel from ChinaPresident Donald Trump said on Friday that the United States has entered into an agreement with Canada and Mexico to lift duties on steel and aluminum imports from those countries. In return, Ottawa and Mexico will take steps to prevent Chinese steel exports to these countries. Washington is to…
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British Steel Saved 4,500 JobsBritish media report successful negotiations in the UK. Aiming at British Steel's troubles, he contacted creditors. The company received approval for additional funding, which will save 4,500 employees. The situation in British Steel (BS) is reported by The Guardian on Friday (May 17). The…
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Iron ore contracts hit record highIron ore futures in China rose nearly 6%, to a record high since contracts were launched in 2010, driven by an outlook for strong demand from steel mills. The most active contract for the supply of iron ore in September on the Dalian Mercantile Exchange climbed 5.8% to 710 yuan ($ 102.87) per…
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US Steel Import Permits Up 27%A recent report released by the American Institute of Iron and Steel (AISI) indicates a significant increase in steel import filings in the month of April this year. Based on the latest data from the Department of Trade and Steel Import Analysis (SIMA), the number of permits increased by 3.6% on a…
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Mexico Considers Posco Cold Rolled Steel Import QuotaMexico is revising South Korean steelmaker Posco's commitments to import cold rolled steel into the country. So says the Mexican Minister of Economy (SE) in a document published in the official gazette. Posco says it expects growth in the Mexican automotive sector between 2019 and 2023 and…
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Interpipe opened a mechatronics laboratory at Dniprovska PolytechnicOn May 16, the first mechatronics laboratory in the region was opened at NTU “Dneprovskaya Polytechnica”. The educational space was created with the support of the Ukrainian industrial company INTERPIPE. Mechatronics is the technical profession of the future, the essence of which lies in the…
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Chinese steel mills return to high quality iron oreChinese steel mills are increasing their interest in high-quality iron ore despite record high ore prices, managers and traders say, as the recovery in profitability encourages mills to strive to improve efficiency and increase production. At the end of 2018, steel companies were forced to cut…
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US-China trade war could lead to dumping of Chinese steelIndia fears that China may soon start shipping its surplus steel to other countries after the United States raised tariffs on Chinese goods due to the escalating trade war between the world's two largest economies. As a result, the Indian steel industry asked the Indian government to impose…
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ArcelorMittal Invests $ 162 Million in Burns HarborArcelorMittal, a multinational steel corporation, has announced its decision to invest $ 162 million in its Burns Harbor, Indiana steel mill. The investment will be used to carry out upgrades at various sites over the next few years. The multimillion-dollar investment is expected to bring…
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