Metallurgy news
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China rebar contracts hit record high in seven and a half yearsChinese steel futures rose on Monday on the back of seasonal gains in demand, supporting steel prices, including iron ore, extending the record rally driven by concerns over supply cuts. The most active steel rebar construction contract on the Shanghai Futures Exchange rose as much as 4.8 percent…
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Tata Steel production volume increased by 46%Tata Steel's crude steel production increased 46%, peaking in the fourth quarter of fiscal 2019. Meanwhile, Tata Steel's European steel production rose 17% over the previous year. Tata Steel's India operations reported the highest steel production in Q4 of fiscal 2019, driven primarily by the…
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Mexico launches anti-dumping investigation on Chinese stainless steelThe Mexican government has decided to open an investigation into the alleged dumping of cold rolled stainless steel imports from China and Taiwan. These actions follow from a complaint from a local manufacturer and trader, Outokumpu Mexinox (OTK). Mexico's Minister of Economy noted that there is…
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ArcelorMittal Kryvyi Rih updated magnetic separation at Concentrator No. 2ArcelorMittal Kryvyi Rih has completed the modernization of the magnetic separation area at the second ore processing plant (ROF-2). The total cost of the investment project was UAH 63 million. In total, ROF-2 has five technological sections, each of which includes three stages of grinding…
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Steel sheet prices already reflect slower growth in the USUS economic growth may slow to 2.2% this year from 2.9% in 2018, reflecting weaker growth in private investment spending in non-residential premises, according to a report by S&P Global. Hot rolled steel prices in the United States have already declined 13.2% to $ 695 in Q1 2019 from $ 801 in Q1…
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Chinese steelmakers report declining profits in January-FebruaryIn China's steel industry, profits almost halved in the first two months of 2019 from a year earlier as production growth accelerated. According to the National Development and Reform Commission in the country, in January-February, the sector's profit was 29.6 billion yuan (about US $ 4.4 billion)…
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Turkish billet manufacturers maintain optimismTurkish billet exporters remain optimistic, keeping offers in the range of USD 450-460 per tonne for Turkey grade. However, as traders say, competition from European suppliers in their traditional markets is too high and this could lead to lower prices. Competition from European factories in North…
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US No Longer Needs Inappropriate Metals Tariffs As NAFTA Negotiating TacticRatifying the new North American trade pact will need to address the trade issues that have plagued Foreign Minister Christia Freeland's trip to the NATO summit in Washington. Whether it is the Trump administration's "improper" imposition of metal tariffs as leverage in the controversial…
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ArcelorMittal Kryvyi Rih purchased a special coke extinguishing wagonThe new quenching car will be used at the block of coke oven batteries No. 3–4, the reconstruction of which was carried out in 2007–2008. Three such cars are used here. They are designed to receive red-hot coke discharged from a coke oven. After quenching with water, cooling and removing moisture…
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Automotive sector could be the main driver of steel demand recovery in BrazilThe automotive sector could be the main driver of any recovery in steel demand in Brazil if the construction sector does not pick up steam, said Diego Ocampo, Senior Director and Specialist for Hard Industries Latin America. “We have a positive view on the automotive market and could be one of the…
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