Metallurgy news
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Brazilian court orders Vale SA to cease operations at Dique III mineA Brazilian court in Nova Lima, Minas Gerais state ordered mining company Vale SA to cease operations at the Dique III iron ore complex. The company has received several court decisions related to mines that use dams like the one that collapsed in the city of Brumadinho in January, killing more…
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China sets anti-dumping duties on steel products of competitorsChina's Ministry of Commerce said it will introduce temporary anti-dumping measures from March 23 on stainless steel billets and hot rolled stainless steel sheets sourced from the European Union, Japan, South Korea and Indonesia. The ministry said it would collect taxes from companies such as…
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ArcelorMittal Kryvyi Rih started overhaul of blast furnacesOn March 18, an intensive overhaul began. Most of the repairs will be carried out in the first half of the year. The repair of blast furnace No. 6 will last six days and will be completed this weekend. The charging device and skips of the main lift will be replaced here, as well as air heaters and…
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Prices for billets in the CIS are stabilizingBids for billets from the LPG remain at around $ 460 /t in the Black Sea, but the plants for the April deals are open to negotiate small concessions. Most traders sit on hold, largely because the stagnation in prices last month has provided few trading opportunities. Russian manufacturers sold to…
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Steel consumption in India will grow by 7% in 2019JSPL's managing director said steel consumption in India is likely to grow by 7 percent in 2019. “If you look at India's steel use in 2018, it grew more than 8 percent. It is expected to increase by just over 7 percent in 2019. So the growth rate is lower, but the growth is pretty nice, ”Ansari…
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Stainless steel production demonstrates 5.5% annual growthStainless steel production statistics released by the International Stainless Steel Forum (ISSF) suggest a 5.5% increase in production throughout 2018. The annual output was 50.729 million tonnes (Mt), up from 48.081 million tonnes in 2017. All regions of the world reported an increase in…
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ArcelorMittal Kryvyi Rih implements new contracts for energy infrastructureArcelorMittal Kryvyi Rih will continue to modernize its strategic energy infrastructure: the company recently signed several contracts. One of them is the delivery of a new cooling tower 16B. It is needed to cool the water in the circulating cycle of water supply to CHPP-2, blast furnaces No. 7, 8…
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US anti-dumping duty lifted for Hyundai SteelThe second largest South Korean steel mill, Hyundai Steel, said the US Department of Commerce recently decided to lift its anti-dumping duty on steel sheets. In 2015, the Department of Commerce launched an investigation into the sale of corrosion-resistant steel products from South Korea and other…
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US steel production up 5.7% over the weekWeekly production statistics released by the American Institute of Iron and Steel (AISI) indicate significant growth in U.S. steel production during the week ending March 16, 2019. Weekly production was 1,930 million tonnes, up 5.7% from the corresponding week in 2018. Capacity utilization at US…
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Iranian finished steel production continues to rise in FebruaryIranian finished steel production increased 8% year on year in the 11 months to Feb 19 to 19.6 million tonnes. Production of hot-rolled flat products in 11 months increased by 3% to 7.28 million tonnes, while production of rebar increased by 24% to 7.1 million tonnes. Cold-rolled steel production…
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