Metallurgy news
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China's economy is recoveringChina's economy is showing further signs of recovery after months of slowdown, although bearish pressures still persist, according to available indicators on market sentiment and business conditions. Stocks and small business sentiment boosted, while trade data and a survey of sales managers…
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Mexico opposes US proposal for quotas on steel and aluminum suppliesMexico said Monday that it opposes the US proposal for quotas on steel and aluminum, and reiterated calls for the lifting of tariffs on these products under US Section 232 for reasons of national security. “The position of the Mexican government is that the use of 232 on steel and aluminum is…
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Ukraine became in the rating of world manufacturers in two months of 2019Pig iron production According to Worldsteel, in two months of 2019, metallurgical enterprises of the countries of the world produced 216.03 million tons of pig iron, of which 201.77 million tons by blast furnace method and 14.26 million tons by direct reduction. This is 4.89% higher than the…
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ArcelorMittal will make Kryvorizhstal a "modern enterprise" by 2025We are gradually moving forward and are not abandoning our goal - to make the enterprise fully modern by 2025, said Paramzhit Kalon, General Director of ArcelorMittal Kryvyi Rih in a video interview. According to him, today the company is working on the construction of machines for continuous…
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Tenaris Announces Acquisition of IPSCO Pipe ManufacturingIPSCO is the American subsidiary of the Russian steel pipe manufacturer PAO TMK. Luxembourg-based Tenaris SA has reached a definitive agreement to acquire IPSCO Tubulars, Inc. for the amount of 1.2 billion US dollars. The agreement was signed on March 22. The transaction is subject to regulatory…
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Indian steel companies grapple with sanctioned Iranian steelCheap steel imports from the Association of Southeast Asian Nations (ASEAN) have always been a problem for Indian steel companies, but Indian steelmakers are now worried about heavily discounted steel imports coming from Iran, a country that is under economic sanctions imposed by the United States…
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Turkish exporters HRC maintain status quoTurkish export prices for hot rolled coil remained within the range desired by producers after resisting extremely low bids. Small tonnages were sold at these relatively high prices last week. After a significant price cut two weeks ago by one plant to fill the April books, and due to a weakening…
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Vale stops the Alegria mineBrazilian Vale has stopped operations at the Alegria iron mine at the Mariana complex in Minas Gerais, which could remove 10 million tonnes of iron ore from the global market annually. According to the world's largest iron ore producer, preventive measures were taken after a stress test failed to…
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POSCO and Hyundai Steel vie for leadership in steel for the hydrogen economySteel companies POSCO and Hyundai Steel are linking themselves to the hydrogen economy. The two companies are heading off in the metal separator business for hydrogen fuel cells as demand for hydrogen electric vehicles is expected to rise significantly in the future. Metal separators for hydrogen…
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American shareholders receive unheard-of dividends from coal minesUS coal companies have returned nearly $ 3.7 billion to shareholders in 12-month dividends and buybacks, and S&P Global Ratings expects more this year. This raises yields to unheard of levels, in some cases about nine times that of 10-year Treasuries. Revenues reflect the health of an industry that…
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