Metallurgy news
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US to officially act on tariffs against Brazilian and Argentine steelU.S. President Donald Trump's announcement that the U.S. will begin enforcing Section 232 tariffs on steel and aluminum imports from Brazil and Argentina has not been officially announced by the White House. Trump said the tariffs were to take effect immediately; however, for the president to…
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Negative prospects for Ukrainian metallurgyAccording to forecasts, in December 2019, pig iron production is expected in Ukraine at the level of 1.250 million tons; steel - 1.2 million tons; rolled metal - 1.1 million tons. Over the past few years, Ukrainian metallurgy has shown a downward trend in steel production. So, if in December 2016…
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Alacero Concerned About Mr Trump's Twitter MessagesLatin American Steel Association Alacero is surprised and worried by the decision of the President of the United States, Donald Trump, to restore import tariffs on steel and aluminum from Brazil and Argentina, arguing that these countries have led to massive devaluation of their currencies…
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Hayange British Iron and Steel Works in France sold separatelyBritish Steel Jingye's Chinese buyers were reportedly furious as it was revealed that British Steel's French plant was being sold separately from the rest of the company. The deal included all of British Steel's assets, including subsidiaries such as the Hayange plant in northern France, which…
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Long products price in EU will increase in DecemberThe current demand in the steel market remained stable, but not strong in the EU. However, due to the rising cost of raw materials, the price of scrap has increased even more in recent weeks. Based on this, many steel mills in the EU have tried to raise the price of long products and plate, so the…
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Thyssenkrupp outlines a plan for the reorganization of the steel blockThyssenkrupp plans to turn the business into its biggest profit engine. He sent employees a memo stating that the company intends to increase earnings before interest and taxes at Steel Europe to an average of € 600 million in the coming years, driven by job cuts and increased auto sales, making it…
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Unions reject new ArcelorMittal Italia plan for ILVAWorkers' trade unions have rejected ArcelorMittal's new plan for the former metallurgical group ILVA, which calls for 4,700 layoffs by 2023, including 2,891 immediately. Italian Industry Minister Stefano Patuanelli said that “he is disappointed with the steps back taken by ArcelorMittal. The…
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HRC prices in Asia could go up dramaticallyHot rolled steel (HRC) export prices in India hit a new high. With increased demand in Asia, HRC prices in Asia are currently rising higher and higher. The main reason for the strong price was mainly due to the fact that the selling price of Indian steel companies became strong due to strong demand…
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European steel prices approach the end of the current growth cycleBuying activity, resale value and sentiment remain weak in the European flat products market in November. Slow economic growth, global trade conflicts and political difficulties have increased pessimism. The lack of orders, in particular from the automotive sector, continues to have a significant…
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Record global stainless steel production forecast for 2019 and 2020MEPS predicts global stainless steel production will hit a record 52.1 million tonnes in 2019. This will be a 3 percent increase over the previous record set last year. MEPS expects global production to continue to grow in 2020. A new peak volume of 54.2 million tonnes is projected for next year…
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