Metallurgy news
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Interpipe increased sales by 12% in 2018In 2018, the Ukrainian industrial company Interpipe increased sales of pipe and railway products in tons by 11.7%, demonstrating the best result over the past five years. Growth is noted across all types of products and in all key sales regions. The total sales volume reached 857 thousand tons. The…
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US Steel resumes construction of its electric arc furnace at FairfieldUS Steel in Pittsburgh has announced the resumption of construction work on a state of the art electric arc furnace (EAF) at its steel mill in Fairfield, Alabama. The company resumed construction on EAF in March 2015, but suspended work by December 2015 due to unfavorable market conditions. Very…
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Indian steel production drops 4% to 8.99 million tonnes in JanuaryIndia's crude steel production fell 3.84 percent in January 2019 to 8.995 million tonnes, according to the Ministry of Steel (JPC). The drop is reported after the World Steel Association (worldsteel) recently announced that India had replaced Japan as the second largest steel producing country in…
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Steel billet prices in the CIS continue to riseBillet prices in the CIS continue to rise, reaching $ 450 per tonne via the Black Sea for closed deals, with major producers currently supplying $ 450-460 per tonne on FOB terms. The Russian company sold a billet vessel to the Middle East at this level, the first in several months, indicating that…
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Concrete or steel to build a wall on the Mexican border?President Barack Obama is said to have proposed this wall 10 years ago, and the idea of building the wall has been around for at least 200 years. Illegal immigration has always been a problem. Then the smart leaders saw the problem, discussed it, and worked to solve it. The idea of a wall is…
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Vale forced to cut iron ore exports afterBrazilian iron ore producer Vale will prioritize domestic steel producers over export customers in supplying pellets and other iron ores following a shutdown at some of its mines following the collapse of the Corrego do Feijo Dam in the southern system. Steelmaker Voestalpine said Thursday that it…
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ArcelorMittal predicts increased steel demand for fiscal 2019ArcelorMittal, the world's leading integrated metals and mining company, announced financial results for the last quarter and year ended December 31, 2018. Operating profit for the full 2018 fiscal year was up 20.3% year-on-year to $ 6.5 billion. EBITDA also rose 22.1% to $ 10.3 billion…
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US steel imports fell 11%The American Iron and Steel Institute (AISI) reported a marked reduction in steel imports to the country during 2018. Imports recorded a sharp decline of 11% over the previous year. According to the latest data, the country's steel imports amounted to 31.834 million tons, of which 24.016 million…
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Indian Steel Exports Grow 16.7% In 2017-18Exports of finished steel products from the country increased by 16.7% to 9.62 million tonnes in 2017-18, including 8.73 million tonnes of unalloyed steels and 0.89 million tonnes of alloy /stainless steels. India exported 8.25 million tonnes of finished steel, including 7.59 million tonnes of…
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Sales results of ArcelorMittal Kryvyi Rih in 2018In 2018, sales of metal products manufactured by ArcelorMittal Kryvyi Rih amounted to 4.5 million tonnes. Of these, 65% are finished products (rebar, wire rod and grade), the share of square billets decreased by 2% compared to 2017 - from 29% to 27%, and cast iron increased to 9% (+ 2%). In 2018…
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