Metallurgy news
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World leaders in steel production in January 2019Production data for January show that crude steel output from the 64 reporting countries increased by almost 1% over the previous year. These countries accounted for almost 99% of all global steel production in 2017. World crude steel production in January 1919 was 146.705 million tons, up from…
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ArcelorMittal records a slight drop in steel supplies in 2018ArcelorMital, the world's leading steel and mining company, has announced the publication of its 2018 annual report. The company had operating income of $ 6.5 billion in 2018, slightly higher than operating income of $ 5.4 billion in 2017, largely due to improved working conditions. ArcelorMittal…
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NLMK stops supplying slabs to the USANLMK stopped supplying Russian-made slabs to its US subsidiaries in February after securing supplies from other countries that were exempted from US steel tariffs. So said the chairman of the NLMK Strategy Committee Oleg Bagrin during the presentation of the new five-year strategy of the steel…
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Zaporizhstal production results for February and the beginning of the yearIn February 2019, Zaporizhstal produced 360.9 thousand tons of pig iron, 329.6 thousand tons of steel, 277.0 thousand tons of rolled metal. During the first months - January to February - 2019, 730.8 thousand tons of pig iron, 683.7 thousand tons of steel, 572.8 thousand tons of rolled metal were…
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Turkish scrap imports fallTurkish scrap imports fell 26% year on year in January to 1.24 million tonnes, according to the Turkish Statistical Institute (TUIK). Their average cost was $ 331.1 /t against $ 320.8 /t in January 2018. January tonnage was lower than in all periods, except for one monthly volume of scrap imports -…
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Danieli will supply two new wire mills to RussiaDuring 2020, two new high-performance, high-quality and high-efficiency H3 rolling mills will be installed and commissioned in Russia. AEMZ - Abinsky Electrometallurgical Plant LLC has ordered a new line of wire H3 with a capacity of 600,000 tons per year in Abinsk, Krasnodar Territory, for the…
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Australian steelmaker plans major US expansionAustralia's largest steel mill, Bluescope, has signaled it is willing to invest $ 1 billion to expand its North Star steel mill in Ohio. According to an online report, CEO Mark Vassella said the final decision would be made in the second half of 2019-20. Wassella said North America offers far more…
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US Solar Industry Seeks Steel Overseas Following TariffsThe Trump administration imposed a tariff on steel imports last year to force companies to buy more American metal. In a way, it made the US solar business companies do the exact opposite. Consider the case of PanelClaw Inc., a supplier of steel racks that mount solar panels in place. Since…
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Rio Tinto's Shareholder Returns Record 2018Rio Tinto (NYSE: RIO), a leading global mining player and one of the largest iron ore producers in the world, reported fiscal 2018 financial results on February 27, 2019, followed by an analyst conference call. The company exceeded market expectations in terms of revenue and earnings during the…
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Chinese steel rises in price amid strong demandIron ore futures in China rose nearly 4 percent on Friday, along with steel prices, as investors looked to strong demand for steel from manufacturers and construction projects. The official purchasing managers' index (PMI) fell to 49.2 in February from 49.5 in the previous month, official data…
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