Metallurgy news
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EU opposes India's attempt to include additional steel products under BIS quality controlIn a notification to the World Trade Organization (WTO), India intends to include more steel and stainless steel products in its quality control system. Previous attempts to do so have generated a lot of protest from various member states, especially from the EU region. According to government…
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Australian miners assess damage after cycloneAustralian miners BHP and Rio Tinto analyzed the impact of Cyclone Veronica, which disrupted operations after it hit the Pilbara coast in Western Australia last week. Both companies lowered their annual iron ore production by millions of tons. On Monday, Rio Tinto estimated a production loss of 14…
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SAIL records highest crude steel production in fiscal 19Steel Authority of India Ltd said Wednesday that it produced 16.3 million tonnes of crude steel for the current fiscal year ended March 31, the best steel sales in the company's history. Total steel shipments from SAIL were the highest ever at 14.86 million tonnes during fiscal 2019 due to a…
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China Steel Profit Increases In March Amid Rising Export PricesIn March, exports of Chinese rolled metal products increased, while steel prices in China continued to recover. In March, the export price of hot rolled steel (HRC) averaged $ 267.50 /t, which is 7% more than in February. Domestic and export prices for Chinese steel rebounded from lows in December…
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Asian demand drives global steel production growthRecently, the World Steel Association (WSA) revised its steel consumption projections for the region and these figures were officially announced at the April 2019 meeting. Global demand for finished steel in 2018 amounted to 1,711.6 million tonnes, while this year it is projected at 1,734 million…
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Nippon Steel aims to be the world's best steel producerNippon Steel has completed the acquisition of 51% of the common shares of Sanyo Special Steel Co., Ltd., making it a subsidiary. In addition, it acquired all of the shares in Ovako AB, Sweden's leading specialty steel producer. Ovako is now a subsidiary of Sanyo Special Steel. By integrating steel…
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Steel production in the EU-28 fell by 5%European crude steel production reported a decline in February 2019. Domestic production for the month was 12.984 million tonnes, according to the World Steel Association (worldsteel). This is slightly lower by 5.0% when compared with the 13.664 million tonnes capacity achieved by the region in the…
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Ukrzaliznytsia raised the prices for cargo transportation and promised to do it regularlyUkrzaliznytsia Raises Tariffs for Freight Transportation. Prices rose 14.2%. The changes took effect on March 30th. This was reported by the press service of the company. The carrier carried out the indexation even earlier than planned, as it was previously mentioned that the tariffs would increase…
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Exporters of hot rolled coils from CIS reduce the priceHot rolled steel suppliers from Russia and Ukraine have succumbed to market pressure, selling their products at levels lower than those offered in the last week of March. They subsequently lowered the quotes accordingly for the new availability, A Russian supplier from the Urals accepted bids at…
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Hyundai Steel to spend 530 billion won to reduce emissionsHyundai Steel Co., the second largest South Korean steel mill, said Monday it plans to cut its environmentally harmful emissions by more than 50 percent from current levels. Hyundai Steel said it intends to spend approximately 530 billion won (US $ 468 million) to address fine dust and other…
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