Metallurgy news
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Production and consumption of rolled metal in Ukraine in 2018For 12 months of 2018, Ukrainian metallurgical enterprises produced 18.36 million tons of rolled metal (100.2% compared to the same period in 2017, taking into account the activity in January-February 2017 of capacities on tubing, or 103% without taking them into account), of which about 14.42…
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Prices for Italian rolled metal collapsedThe Italian slab market is "... paralyzed" and is affected by low demand, uncertainty and falling prices on the domestic market. Domestic board prices are down € 40 /t ($ 45.9 /t) compared to early January. However, there is a large gap between the price of the distribution sector and the prices of…
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EC announced protective measures against imports of rolled metalThe European Commission (EC), represented by the Directorate General for Trade, has officially informed the Ukrainian Delegation to the EU about the protective measures regarding the import of rolled metal products, which will come into force on February 2, 2019 and will be valid until June 30…
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Hyundai Steel performs wellSales of steel products from Hyundai Steel remain strong despite a slow domestic construction market, Eugene Investment and Securities noted on December 27, supporting a buy recommendation and a target price of 55,000 won (US $ 49.01). Revenue in the fourth quarter will grow 79% year-on-year to…
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Steel production in EU-28 rose slightly in NovemberSteel production of the EU-28 countries increased slightly in November this year. The latest production statistics released by the World Steel Association (worldsteel) indicate domestic production for the month was 14.140 million tonnes. This is marginally 1.2% higher when compared to the region's…
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Top 10 countries producing crude steel in NovemberAccording to Worldsteel, global crude steel production in November 2018 was 148.617 million tonnes (tonnes), up from 140.535 million tonnes in the same month a year earlier. China has provided global growth in steel production. The volume of production in the country increased by 10.8% over the…
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How China rocked the global steel marketChina left behind decades of deep poverty when Vice Premier Deng Xiaoping flew to Japan in 1978 to negotiate a historic peace treaty between the two countries. Then there was a more discreet, but no less important visit - to a modern plant owned by Nippon Steel Corp. A Japanese steel mill was seen…
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Results of rolled metal production in UkraineFor 11 months of 2018, Ukrainian metallurgists produced 16.84 million tons of rolled metal, which is 1% higher compared to the same period in 2017, of which 78.4% or 13.21 million tons were exported. In the corresponding period last year, the share of exports amounted to 79.7% of the total…
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North American steel production up 6.3%Crude steel production data released in November 2018 by the World Steel Association (worldsteel) indicates a significant jump in regional production in North America. Production in the region increased by 6.3% year-on-year to 10.105 million tonnes. It should be noted that production in North…
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Stainless steel suppliers hope to recover in 2019Stainless steel prices, in particular sheet metal prices, showed different trends in traditional steel production regions in 2018. In the United States, the introduction of section 232 quotas and tariffs in early 2018 had an immediate inflationary impact on stainless steel coil sales. Baseline…
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