Metallurgy news
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Vale SA sales decline after dam breakBrazil's Vale SA said its production and sales of iron ore fell in the first quarter from a year earlier, reflecting the aftermath of the deadly collapse of the Brumadinho dam in late January. Iron ore production fell 11 percent to 72.87 million tonnes, while sales of this product fell 22 percent…
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Chile lifts anti-dumping duty on Mexican rebarThe Chilean National Commission on Price Distortion (CNDP) has decided not to impose duties on imports of Mexican rebar. The authorities made this statement after the anti-dumping investigation was closed on May 5. The CNDP decided not to implement the measures "... after its committee unanimously…
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Dneprospetsstal: results of April 2019In April 2019, PrJSC Electrometallurgical Plant DNEPROSPETSSTAL named after I. A.N. Kuzmina ”delivered 20,710 tons of steel, which is 2.2% higher than the level of the previous month. During the same period, the Company produced 12,980 tons of rolled metal, which is 2.8% more than in March 2019…
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JSC "Ukrzaliznytsia" may receive less funds from the sale of scrap metalJSC "Ukrzaliznytsia" on 27.04.2019 and 05.05.2019 of the current year announced new auctions for the sale of scrap metal through the ProZorro system. Taking into account the level of purchase prices of metallurgical enterprises as of 05/08/2019, as of this date, the average estimated starting…
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Ukrzaliznytsia ignores market position on scrap metal tenders for ProZorroIn the period from the end of April to the beginning of May 2019, Ukrzaliznytsya put up for sale the next large consignments of ferrous scrap through the ProZorro system. At the same time, the terms of the tenders did not change for the better compared to previous auctions: metallurgists are…
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ArcelorMittal overhaul of production will not have a significant impact on the price of rolled metalEuropean traders and distributors are currently unsure whether the latest announcement from ArcelorMittal to cut production by 3 million tonnes per year at European rolling mills could affect prices. Coil price indices hit their lowest levels since the third quarter of 2016 as demand struggles and…
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Global supply and demand for steel scrapAccording to the presentation by Worldsteel at the 12th China International Metal Recycling Conference in 2019, the trend of electric arc furnace production is expected to grow. Currently, EAF is the main destination in Europe, North America, the Middle East, Southeast Asia and Africa. China…
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EBRD wants to give Ukraine $ 35 million for the purchase of grain wagonsThe European Bank for Reconstruction and Development (EBRD) is considering a US $ 35 million loan to Louis Dreyfus Company in Ukraine. This is stated in a message on the bank's website. As noted, the financing will go to the purchase of up to 1,000 wagons of grain hoppers. According to the bank…
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Turkey's decision on imports of rolled metalThe Ministry of Trade of the Republic of Turkey has initiated a protective investigation into the import of metal products into the customs territory of Turkey, regardless of the country of origin or export. On October 17, 2018, by the Decree of the President of the Republic of Turkey, preliminary…
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Iron ore pellets are growing in IranPellet production in Iran is growing faster than DRI. The five largest Iranian iron ore pellet producers increased production by 24% year on year from March 20 to 1.86 million tonnes, according to the Mining and Mines Development and Reconstruction Organization (Imidro). In the Iranian year to 20…
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