Metallurgy news
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The fall in steel exports from the Donetsk region had a negative impact on the region's foreign exchange earningsIn the first quarter of 2019, foreign exchange earnings from the export of goods from the Donetsk region (excluding part of the temporarily occupied territory) amounted to 1107 million US dollars. According to the Main Department of Statistics in the Donetsk region, the region provided 9 percent of…
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Why ArcelorMittal limits steel production in KrakowThe plant in Krakow produced about 1.7 million tons of steel per year. This is roughly half of the cut made by ArcelorMittal. Why was a Polish metallurgical plant chosen for this task, although there is a Spanish one in Asturias nearby? ArcelorMittal will shutdown the blast furnace and will not…
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And about. Andrey Sanin has been appointed chairman of the board of Interpipe NMPP plantUkrainian industrial company INTERPIPE announces the appointment of Andrey Sanin as Acting Chairman of the Management Board of Interpipe Novomoskovsk Pipe Plant from May 16, 2019. Previously, since 2018, he held the position of Commercial Director of Interpipe VTORMET. The previous head of…
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European steel companies expect better results in 2H 2019European steelmakers who spoke in Milan this week in Milan believe the second half of 2019 should be more positive for the European market. Antonio Gozzi, CEO of Duferco Group, said the global recession hasn't started yet. However, Europe is slowing down due to a number of challenges and many…
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Ferrexpo increases export of pelletsAccording to the results of the first quarter of 2019, Ferrexpo has traditionally become the leader in the export of iron ore pellets among the enterprises of the countries of the former Soviet Union. According to the reports of the State Enterprise "Ukrpromvneshexpertiza", in January-March 2019…
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Steel production in China is growing steadily despite factory closingsJust a few years ago, market reviews from major iron ore producers Rio Tinto and BHP regularly stated that they expected China's steel production to reach 1 billion tonnes by the end of the next decade. It sounded like an incredible amount of steel, especially when China's growth trajectory was on…
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ArcelorMittal Kryvyi Rih has updated the automation system at wire rod mill No. 6ArcelorMittal Kryvyi Rih has completed the modernization of the automated control system at the wire rod mill-250 /150-6 in the third rolling shop. At this mill, the company produces rebar and wire rod in coils with a diameter of 5.5 to 32 mm. Initially, the project was estimated at UAH 48 million…
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LME Considers Expansion In ChinaLondon Metal Exchange LME is in talks with officials in Guangdong, China to open a new warehouse. LME warehouses have almost complete coverage of the major countries and regions using tin, and Asia is currently served by three warehouses located in Taiwan, South Korea and Singapore. It is important…
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Shanghai steel contracts hinge on U.S.-China trade warHot rolled metal and China rebar futures were higher on Friday as investors hoped the US and China would move closer to a trade deal. However, futures marked their weakest week in three months. The leading trade talks between the United States and China concluded the first of two days of trade…
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European Valve Exporters Benefit from Algerian Manufacturing ChallengesOver the past two weeks, rebar exporters from Southern Europe have benefited from problems at some of the main Algerian rebar factories. At the end of April, the Tosyali Algerie factory was shut down for several days due to a workers' strike. While production is reported to have resumed, a…
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