Metallurgy news
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MMK strengthens cooperation with TMKMagnitogorsk Iron and Steel Works and TMK held a meeting of their coordinating council in the city of Volzhsky, Volgograd Region. The parties discussed the results of joint work and outlined areas for further cooperation. The last meeting was the 27th for the coordinating council. It was attended…
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Latin American steel exports to the United States fell due to quotas and weak demandSteel exports from Latin America to the United States fell in August under pressure from quotas and increased production in the United States. Shipments from the region totaled 276,647 tons, down 70% from 925,113 tons in the same month last year, according to the US Census Bureau. In value terms…
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NLMK plans to supply 5 million tonnes of slabs to OMKNLMK Group shipped 5 million tonnes of slabs to the Vyksa Steel Works, part of the OMK Group. NLMK Group and OMK have created a unique technological chain in Russia. NLMK produces slabs at the Lipetsk site from iron ore mined by Stoilensky. VMZ then processes these slabs into heavy slabs at mill…
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ArcelorMittal South Africa: to close loss-making factoriesArcelorMittal South Africa, one of the subsidiaries of the world's leading steel producer ArcelorMittal, announced on September 25 that it will close its factories, which are currently losing money following a data revision. ArcelorMittal South Africa suffered a huge operating loss, losing about…
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Huaiye Technology launches continuous hot rolling project in UzbekistanLida Metal Technology has conducted thermal testing of a hot rolling project in Uzbekistan. This was the first phase of the project and a rebar production line with an annual capacity of 300,000 tons will be built. The second phase of the annual production capacity will reach 500,000 tons. Within…
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Steel production in Italy fell in January-AugustAccording to the Federazione Imprese Siderurgiche Italiane (Federacciai), Italy produced about 1.54 million tonnes of steel in January-August, down 4.5% from the same period a year ago. In August, total steel production was around 857,000 tonnes, down 26.6% year on year. Italian steel mills stopped…
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US Steel announces layoffs of 350 employeesUS Steel recently said it was laying off about 350 workers in Michigan and Indiana. In an August 1 letter to the head of the Michigan Workforce Development Agency, the company said it would lay off about 200 workers at its Great Lakes plant due to stove downtime. "These adjustments are driven by…
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Coal stocks in EU ports rise to 4-month highCoal stocks at Northwest European dry bulk terminals have risen to four-month highs as low river water levels reduce barge supplies to inland factories. Stocks at four key dry cargo terminals in Amsterdam, Rotterdam and Antwerp were recorded at 7.1 million tonnes this week, the highest since late…
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Malaysia introduces preliminary tariffs for rebar from Singapore and TurkeyThe Ministry of International Trade and Industry said Malaysia has imposed temporary anti-dumping duties on reinforced concrete rebars from Singapore and Turkey. Following a preliminary investigation that began in late April, Malaysia will impose an interim measure “in the form of temporary…
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Metalloinvest announces early redemption of its 2020 EurobondsThe world's leading iron ore and HBI producer and supplier, as well as one of the regional high-quality steel producers, Metalloinvest, have announced their intention to redeem their 2020 Eurobonds ahead of schedule. In order to optimize its loan portfolio, the Company decided to repurchase its…
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