Metallurgy news
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EU strengthens safeguards to curb steel imports growthAccording to the report, the European Commission to protect the steel market by adjusting the precautionary measures effective October 1. According to representatives of the European Association of Steel Producers (Eurofer), it was necessary to maintain the existing steel protection measures in…
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POSCO is exploring options for setting up a steel mill in IndiaSouth Korean steel giant POSCO has announced its intention to harness the enormous potential of India's burgeoning steel market by forming a joint venture with state-owned Rashtriya Ispat Nigam Limited (RINL) in Visakhapatnam, Andhra Pradesh. Representatives of the POSCO company held a meeting with…
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ArcelorMittal Considers Selling Some Iron Ore Mills To Reduce DebtArcelorMittal, the world's leading steel producer, was considering divesting part of its iron ore business to reduce its debt. ArcelorMittal has studied its iron ore assets in Canada, Brazil and Liberia, including the sale of some or all of its shares. The value of a business in Canada alone could…
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Ukrmetallurgprom told what to expect for metallurgists from the new tax policyThe new tax policy, which is actively promoted by the government of Honcharuk, could kill Ukrainian business. In particular, the mining and metallurgical complex will suffer. Oleksandr Kalenkov, President of Ukrmetallurgprom, said that changes related to the increased fiscal burden introduced to…
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Salzgitter Group selected as a supplier for the Baltic Pipe projectThe subsidiaries and associated companies of the Salzgitter Group will produce and supply about 30,000 tonnes of steel pipes and 90 steel pipe bends for the Baltic Pipes project. This is an important European gas infrastructure project that will transport Norwegian natural gas via Denmark to…
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Ukrainian government wants to attract $ 50 billion in investmentsThe goal of the government, according to Prime Minister Oleksiy Honcharuk, will be the growth of the Ukrainian economy by at least 40% over the next 5 years. So in 2020, the country's GDP should increase by 5%, and in 2021-2024 it should grow by 7% annually. If the GDP growth rate doubles annually…
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Congressmen urge Trump to exempt Israeli steel imports from tariffsTwo congressmen on the House Tax Writing Committee, a Republican and a Democrat, want the Trump administration to free Israel from steel and aluminum tariffs. Representatives Brad Schneider, D-Ill and David Schneidert, R-Ariz., Asked Robert Lighthizer, the US Trade Representative, to add Israel to…
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"Zaporozhkoks" put into operation a new line for pitch granulationZaporozhkoks, within the framework of the strategy of technological modernization of Metinvest Group, launched a new line for granulation of electrode pitch Ligran No. 2 in the resin distillation shop. Investments amounted to UAH 152 million. The Zaporozhkoks resin distillation shop produces seven…
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Global steel production surged on the back of China's leap: what's next?Global crude steel production increased in August as steel mills in China - the world's largest steel producer - increased production after slowing in July due to tough smog measures in Beijing. The World Steel Association ("WSA"), the international trade organization for the iron and steel…
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HRC imports to Turkey increased in JulyAccording to statistics from the Turkish Statistical Institute (TUIK), in July 2019, imports of hot rolled steel coils (HRC) to Turkey amounted to about 348,000 tons, an increase of 44.6% year-on-year and 14.9% month-on-year. The import value was about US $ 187 million, an increase of 14.1% over…
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