Metallurgy news
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In China, iron ore and steel futures fell amid weak demandIron ore futures in China closed at a two and a half month low on Monday, falling in the fourth session as demand eased amid a slowdown in the manufacturing sector and shrinking inventories at factories. The best-selling iron ore futures on the Dalian Commodity Exchange for January 2020 delivery…
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Ukrainian exports of ferroalloys fell in January-October by 3.6%According to statistics, Ukrainian exports of ferroalloys declined by 3.5% year on year to 90.43 million tonnes in about 2018 compared to the previous year. In 2019, compared to 2018, the volume of exports also decreased on an annualized basis. In particular, the export of ferroalloys from January…
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China's Jingye Group Frontrunner to buy British companyChinese industrial giant Jingye Group took the lead in buying British Steel after negotiations between government officials and Turkish Ataer Holdings stalled. The message sent to British Steel employees indicates that the Official Recipient is expecting a handshake when selling Jingye soon. The…
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France becomes new flag of EU economy amid slowdown in German economyAccording to the latest data, the growth of the German economy has slowed down. In this situation, some experts began to view France as the new flag of the EU economy. The French economy, while not particularly well, is moving steadily and in a positive direction. The country is more resistant to…
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The increase in the tariff for gas transportation costs will hit the mining and metallurgical complex of UkraineIt is expected that the country's mining and metallurgical complex costs to pay for consumed gas will rise to UAH 3 billion if NKREKP approves an increase in fuel transportation tariffs. The relevant data was announced by the president of the association, Alexander Kalenkov, during a round table…
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Nippon Steel expects production losses due to plant shutdownsNippon Steel, Japan's largest steel mill, is forecasting a loss of about 400,000 tonnes of steel in fiscal 2019 as a result of shutdowns this year at its plants at its Kimitsu plant in Tokyo and at Nippon Steel Nisshin Kure plant in Hiroshima, the company confirmed on Thursday. ... , Fiscal 2019 of…
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ArcelorMittal awaits judgment on Essar Steel in NovemberArcelorMittal is awaiting a ruling from the Indian Supreme Court in November on the proposed acquisition of Essar Steel (ESIL). Subject to a favorable and clear final order, completion of the deal is expected by the end of the year, the world's largest steelmaker said in a report. In July, India's…
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Chinese steel exports in October fell by more than 13% on a yearAccording to statistics released by the General Administration of Customs on November 8, total steel exports in October were 4.8 million tons, down 13.1% from the same period last year. Moreover, total steel exports from January to October this year amounted to 55 million tons, down 5.8% year on…
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Turkey's flat steel exports to EU raises concernsAccording to a report by the Turkish Statistical Institute, the export of sheet metal products from Turkey in September fell by 21.8% compared with a year earlier, amounting to about 394,000 tons. The main reason for the fall was due to weak demand in the EU in June and July. Moreover, the European…
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Indian Tata Steel Promotes Southeast Asia Asset Sale PlanIndian steel company Tata Steel has said it will sell 56.5% of its stake in Vietnamese long products manufacturer NatSteel Vina (NSV). NatSteel Holdings (NSH), a subsidiary of Tata Steel, has signed a sale agreement with Vietnamese company Thai Hung Trading Joint for NatSteel Vina. The deal will be…
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