Metallurgy news
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The results of production activities of the MMC of Ukraine for February and from the beginning of 2019In February 2019, metallurgical enterprises of Ukraine produced: 1.57 million tons of pig iron, which is 2.3% lower than in January 2019, 1.68 million tons of steel, which is almost 10% less, 1.49 million tons of rolled metal, which 7, 5% less than the previous month. In the first two months of…
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Vale's credit rating drops significantly after dam accidentThe ratings agency said Moody's Investors Service downgraded Brazilian iron ore producer Vale to Ba1 from Baa3 globally. In late January, S&P Global Ratings put Vale bonds on negative control, warning that it could downgrade the BBB rating by several notches, depending on fines and the loss of a…
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Vietnam Steel Exports Increase Sharply In January 2019Vietnam's steel exports kicked off in 2019 on a strong note, with a total of 771,056 tonnes of steel products shipped in January, up 73.9% year-on-year amid rising shipments to Cambodia, the latest customs data showed. Cambodia was the main food destination in January, reaching 160,775 tons, up…
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Export duty on scrap metal increased in UkraineThe Verkhovna Rada of Ukraine extended the increased export duty on scrap metal, and increased it from 42 euros to 58 euros per ton. On behalf of all metallurgists of Ukraine we would like to thank all the People's Deputies of the Verkhovna Rada, the head of the Verkhovna Rada Committee on…
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Steel prices rise ahead of the peak of the construction seasonIron ore futures in China were largely unchanged after hitting a three-week low in the previous session as the market expects demand for steel mills to pick up ahead of the peak of the spring construction season. The best-selling iron ore contract on the Dalian Mercantile Exchange for delivery in…
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Japan's steel exports fell more than 19% in JanuaryPreliminary trade statistics released by Japan's Ministry of Finance (MOF) suggest a significant decline in steel exports from the country during the initial month of 2019. The export of steel in the country in January 1919 amounted to 2.46 million tons, which is significantly lower by 19.2% if…
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India extends deadline to introduce retaliatory tariffs on 29 American goodsThe Indian government has extended the deadline for imposing retaliatory customs duties on 29 US goods, including almonds, walnuts and legumes, to April 1. As there are discussions between India and the US over a proposed trade package, the Commerce Department has asked its finance counterpart to…
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Dam collapse in Brazil forces new rules for minersIn January, a dam collapsed at the Valais mine in Corrego do Feijo, killing about 300 people. The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 major companies, said on Tuesday that it will create an independent expert group responsible for…
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Lily bulbs wholesaleTrue gardeners know how to care for flower beds. If you decide to replenish the flower garden with new plants, pay attention to lilies. These flowers will take a special place in the flower garden, will delight with their beauty and tenderness. You can buy lily bulbs in bulk in the online store of…
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World crude steel production in JanuaryWorld crude steel production in 64 countries that reported to the World Steel Association (worldsteel) in January 2019 amounted to 146.7 million tonnes, up 1.0% on January 2018. Steel production in China in January 2019 amounted to 75.0 million tonnes, an increase of 4.3% compared to January 2018…
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