Metallurgy news
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ArcelorMittal Kryvyi Rih will start construction of a tube furnaceArcelorMittal Kryvyi Rih presented at public hearings reports on environmental impact assessment for two investment projects - reconstruction of the complex of buildings and structures of sintering machines No. 1–3 of the second sinter plant and construction of a tube furnace in the benzene section…
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Vietnamese manufacturers increase steel sheet exports to EUAt the end of last week, steelmaker Hoa Sen Group (HSG) exported 15,000 tonnes of steel sheets to the UK, Germany and Italy. The steel sheets were exported from the Hoa Sen Phú Mỹ factory in the southern province of Ba-Ri-Wong Tau. The company also announced the opening of a new factory for the…
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Reducing VAT in China will lead to increased demand for steelChina's announcement that April 1 will be the date for the introduction of a value-added tax cut aimed at stimulating manufacturing activity and reducing production costs for companies has generated a positive reaction from commodity market participants. Beijing unveiled a stimulus policy on March…
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Russia disputes EU anti-dumping dutiesThe Russian Ministry of Economy and Trade has requested the creation of an arbitration panel at the World Trade Organization to consider EU anti-dumping measures on imports of cold rolled coil products, Callanish said from official reports. The ministry requested the creation of a commission on…
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There is a fight against illegal mining in the AmazonThe consequences of illegal mining in the Peruvian Amazon are dire. Peruvian President Martin Viscarra has shared a video on his social media where he announces that the authorities will be permanently present in the Amazon to protect against the development of illegal mining. Earlier that year…
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Euro Pricing May Delay European LME Steel Contract Until 2020According to industry sources, the London Metal Exchange's plans to launch a European steel contract will be delayed until next year because the industry wants the price to be in euros, which the exchange's clearing house cannot handle. The LME launched a number of cash-settled futures contracts…
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Russian steel producer reaps the benefits of innovative investmentIn 2018, the Russian steel plant Magnitogorsk Iron and Steel Works (MMK) invested about RUB 500 million in energy efficiency initiatives. According to MMK, one of the key instruments for improving energy efficiency is "the development and implementation of a platform for innovative proposals." This…
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Global coal supply may not cover demand in the coming yearsGlobal demand for thermal coal is expected to increase in the coming years, but whether there will be a supply to meet its needs remains questionable, group members told CERAWeek from IHS Markit. The main problem is the lack of investment in new field development projects for a number of reasons…
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Steel Dynamics Selects Site for New Steel Rolling MillSteel Dynamics, Inc. (SDI) has yet to make a final decision on where its new flat rolling mill will be located. The company announced plans to build a new $ 1.8 billion steel mill in the Southwest United States. Several potential locations are being considered, including San Patricio County…
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ArcelorMittal Kryvyi Rih raises wages to its employeesArcelorMittal Kryvyi Rih, the largest enterprise in the mining and metallurgical complex of Ukraine, has been raising the salaries of all its employees and employees of its subsidiaries by an average of 15% since May 1, and up to 20% for certain professions. Last year ArcelorMittal Kryvyi Rih…
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