Metallurgy news
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Steelmakers face a double blow - high costs and low demandSouth Korean steelmakers are facing a double hit from rising iron ore prices and weak demand from major customers, industry sources said Wednesday. Steelmakers pass high prices for raw materials like iron ore and coking coal onto customers, but find it difficult to demand that their customers like…
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China Steel Sector Remains Overcapacity ConcernsChina's efforts to reduce overcapacity in the steel sector in the past few years may be reversed after the cuts in production capacity spurred steel prices, increased profits among steel companies and encouraged them to invest in capacity expansion. In China, which currently produces more than half…
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Steel production in India declinedIndia's crude steel production fell 1 percent to 9.412 million tonnes in March 2019, according to a report by the World Steel Association (worldsteel). In the same month, a year ago, India produced 9.506 million tonnes of crude steel, according to its latest report. India produced 9.412 million…
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China is interested in expanding cooperation with Sanjiv Gupta"China's recognition of the importance of building a new Whyalla steel mill is important for strengthening its relationship with a global superpower," says British industrialist Sanjeev Gupta. Gupta's GFG Alliance is developing a new steel plant in Australia's regional heart with the goal of…
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Trump Tariffs Lead to Kentucky Steel Sector RecoveryThe Trump administration's decision to impose 25% tariffs on imported steel eased the steel crisis and led to an overall recovery in the country's steel sector. Kentucky has witnessed a sharp recovery, reporting significant increases in capacity utilization by smelters. It also led to the opening…
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In March 2019, global steel production increased by 4.9%Global crude steel production for 64 countries reporting to the World Steel Association (Worldsteel) was 155.0 Mt in March 2019, up 4.9% from March 2018. Global steel production was 444.1 million tonnes in the first three months of 2019, up 4.5% over the same period in 2018. Asia produced 312.9…
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ArcelorMittal Kryvyi Rih proposes the use of metallurgical waste for road construction in UkraineArcelorMittal Kryvyi Rih recently received the results of testing a test section of a concrete road. Tests and measurements were carried out by a special laboratory of the HeidelbergBeton Ukraine company. Tests have shown that concrete made from metallurgical waste - slag is not inferior in…
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Global steel industry monitors Indian electionsThe swearing-in of Narendra Modi as the 15th Prime Minister of India on May 26, 2014 once again sparked a sense of enthusiasm and strength in the country, despite the promise of "getting sick" - good days - in the future. Five years later, with the world's largest elections in the country…
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Net profit of Baosteel in the first quarter decreased by 46%Baoshan Iron and Steel Co. Ltd. in the first quarter of 2019 decreased by 45.7% year-on-year amid a decline in profit margins. When filing on the Shanghai Stock Exchange, Baosteel said its net profit in January-March was 2.7 billion yuan, up from 5 billion yuan in the same period in 2018. In three…
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US imports of finished steel dropped significantlyThe American Iron and Steel Institute (AISI) reported that total US imports and finished steel fell sharply from the previous month in February this year. Aggregate steel imports during the first two months of 2019 increased significantly over the previous year, while finished steel imports…
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