Metallurgy news
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Philippines to maintain moratorium on new mining projectsThe Philippine Mining Coordinating Council (MICC), a government commission that oversees the country's 41 mines, has postponed a recommendation to lift a six-year moratorium on new mining projects, the Treasury Department said in a statement on Tuesday. Let's remind: • In 2012, the government…
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Steel production in the USA increased by 13%Steel production for the current year was 91.294 million tonnes prior to the week ending December 15, 2018. Domestic weekly steel production increased significantly from the prior year for the week ended December 15, 2018. This is in line with the latest production statistics published by the…
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Exports of Chinese steel in November decreased by 4%Meanwhile, China's steel imports fell more than 7% month-on-month to 1.057 million tonnes in November 18. The latest trade data released by China's General Administration of Customs indicate a marked decline in the country's steel exports in the month of November this year. Exports amounted to…
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Workers on strike at ArcelorMittal's Ilva plantTwo days of strikes began at the former Ilva plant in Taranto, now ArcelorMittal Italia. The strike began on Monday evening and will last 32 hours until December 19. ArcelorMittal is accused by trade unions of not complying with an agreement with the Italian government and trade unions at the time…
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ArcelorMittal Kryvyi Rih solves environmental problemsPJSC "ArcelorMittal Kryvyi Rih" took part in the all-Ukrainian forum of industrial cities Kryvyi Rih GREEN Strategy, which brought together environmental activists, representatives of enterprises and public associations, city and regional officials, speakers from the Ministry of Ecology and Natural…
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Major Chinese firm to invest $ 4.4bn in Philippines steel projectHBIS Group Co. Ltd., one of the largest steel companies in China, together with Huili Investment Fund Management Co. Ltd., Steel Asia Manufacturing Corp. and PHIVIDEC Industrial Authority, signed on Friday an agreement to build a $ 4.4 billion integrated steel complex in the eastern province of…
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Tokyo Steel will maintain January prices amid a weakening overseas marketTokyo Steel Manufacturing, Japan's top electric arc steel producer, said Monday that steel product prices will remain stable in January next year despite declining prices in overseas markets. The company raised prices for its heavy slabs in December by 2.5 percent due to tighter market conditions…
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US Steel Billet Exports Up 19%Exports of various steel billets from the United States in October increased by 18.88% to $ 585.71 million. This is in line with the latest US trade statistics. In the first ten months of 2017, the country exported only $ 492.69 million worth of steel ingots. Exports in 2018 already exceeded…
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China's steel production fell 6% month-on-month in November with 11% year-on-year growthChina's crude steel production in November fell 6% from October to 77.62 million tonnes, but rose 10.8% year-on-year, according to data released by the National Bureau of Statistics. The annual growth rate also rose from 9.1% in October. The drop in steel production in November was the result of a…
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Chinese steel demand to drop 2.4% in 2019The China Metallurgical Planning and Research Institute (MPI) predicts a 201% decline in overall steel demand in the country in 2019. Demand is likely to drop to around 800 million tonnes (tons). The projected decrease in steel demand in China will lead to an overall decrease in Asian demand by…
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