Metallurgy news
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ArcelorMittal Dofasco fined for production violationsSteelmaker ArcelorMittal Dofasco in Hamilton, Ontario has been fined approximately C $ 300,000 after pleading guilty to two separate workplace incidents since 2018. ArcelorMittal Dofasco was fined C $ 170,000 for a blast furnace malfunction in May 2018 and an additional C $ 120,000 for an incident…
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Tokyo Steel maintains steel prices for the fourth consecutive monthTokyo Steel Manufacturing Co Ltd said Monday that it will not change steel prices for the fourth straight month in February as it expects confirmation that recovery in steel markets will continue both domestically and internationally. Japan's largest electric arc furnace manufacturer held stable…
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Steel demand in China to grow by 10 million tonnes in 2020The latest report from the China Iron and Steel Industry Association (CISA) predicts a 2% YoY increase in steel demand in 2020 to 890 million tonnes, up from 875 million tonnes in 2019. New property growth will slow in 2020, but infrastructure construction will accelerate and offset the pressure on…
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Iranian Steel Exports Increase 19%Iranian steel exports reached about 5.2 million tonnes during the first nine months of the current Iranian year (March 21 to December 21, 2019), an increase of 19% over the same period. the previous year. Iranian Deputy Minister of Industry, Mines and Trade Jafar Sarkini said the ministry had taken…
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Metinvest Provides Longest-Lasting FinancingMetinvest raised a buyer's credit line of EUR 24.4 million for up to 11 years for its subsidiary Ilyich Steel, a steel plant in Mariupol, Ukraine. The loan is covered by an export guarantee of the French Republic issued by Bpifrance Assurance Export, acting as an export credit agency. It was…
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China's steel production exceeded one billion tons in 2019Data from the National Bureau of Statistics showed that China's steel production in December 2019 was 84.27 million tonnes, up 11.6% over the previous year, and total steel production in 2019 was 996.34 million tonnes. which is 8.3% more than in the previous year. China's finished steel production…
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Thyssenkrupp to sell key technology divisionThyssenkrupp AG accelerated the sale of its process technology division, which was primarily responsible for the construction of factories and industrial sites. It was expected that Chinese state-owned enterprises would appear among potential buyers of the asset, and the bankers, basically…
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Ukraine and Russia are going to exhaust quotas for rebar in the EUThe quotas of Ukraine and Russia for duty-free sale of valves are at a critical level. Among them, the remaining quota for rebar in Russia amounted to only 5,915 tons, and in Ukraine - 8,596 tons. On 1 July last year, Russia's initial quota was 241,998 tons. Ukraine had a quota of 160,848 tons…
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Dneprospetsstal increased steel delivery in DecemberIn December 2019, PJSC DNEPROSPETSSTAL delivered 18,888 tons of steel, which is 6.2% higher than the level of the previous month. During the same period, the Company produced 13,216 tons of rolled metal, which is 3.5% more than in November 2019. The total cost of marketable products manufactured in…
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Steel exports from China to be low in 2020Exports of finished steel to China declined 7.3% year on year to 64.293 million tonnes in 2019, the lowest annualized rate since 2014, reflecting strong steel demand despite an increase in steelmaking capacity. In December 2019, China's steel exports fell 15.7% year-on-year to 4.684 million tonnes…
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