Metallurgy news
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India aims to produce 300 million steelIndia recently became the second largest steel producer, ahead of Japan. The government's goal now is to produce 300 million tonnes (of steel) by 2030 from about 100 million tonnes at present. Increased production means there must be an increase in demand, ”said D Datta, AGM, Institute for Steel…
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Results of MMC of Ukraine in November and for 11 months of 2018Comparative indicators of production of mining enterprises of Ukraine in November 2018: - pig iron - 1.64 million tons, which is 8% lower compared to October 2018; - steel - 1.66 million tons, down 7%; - rolled stock - 1.48 million tons, down 3%. The decrease in the production level in November…
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Impact of US tariffs on the economyA recent study published by the Economic Policy Institute found that US steel and aluminum tariffs did not hurt the economy or resulted in serious job losses. The study noted that there is no evidence of widespread negative economic impact from the high steel and aluminum tariffs imposed by the…
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Steel prices in China increase losses due to slowdown in demandChinese steel futures fell for the third straight session on fears of weaker demand next year as prices for steel raw materials, coking coal and coke retreat. Highlighting weak consumption, leading steel mill Baoshan Iron & Steel Co Ltd said Monday it will cut prices for its key products for…
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Wire rod of PJSC "ArcelorMittal Kryvyi Rih" will replace imported in the production of frames for brake systems "Ukrzaliznytsia"Ukrainian wire rod has become an alternative to the supply of Chinese metal products, which were previously used in the manufacture of pads for brake systems of locomotives and freight cars of Ukrzaliznytsia. In October, PJSC ArcelorMittal Kryvyi Rih dispatched the first batch of its metal products…
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ArcelorMittal calls on Europe to introduce carbon offset taxMetallurgical concerns are alarming that the costs of the European Union's climate policy could raise steel prices or even double them. This is why ArcelorMittal is pushing for a carbon offset charge at the EU borders. An alternative is to relocate steel production to countries where climate…
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Wire rod buyers demand an increase in EU quotaEuropean wire rod buyers are asking the European Commission to revise its limit on product imports, as the available quota lags far behind actual demand. According to Eunirpa, the European Association for Non-Integrated Wire Rod Producers, wire rod imports in 2018 will be 2.6 million tonnes, while…
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Liberty House aims to build a major steel mill in AustraliaThe GFG Alliance and Liberty House have launched a plan to build a new 10 million tonnes per year steel plant next to an existing South Australian steel plant in Whyalla state. People would most likely call the plan "... crazy," said group owner Sanjeev Gupta, but "the project will start with a…
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Indian steel companies may lower prices for flat metal productsSteel companies are likely to cut flat steel prices to Rs 1,500 per tonne, one of the sharpest changes this fiscal year. The potential drop is due to a global decline in prices, a decrease in exports from India and an increase in imports from countries such as Korea and Japan. Globally, steel…
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This year, American mills have increased the supply of steelSteel shipments by American factories grew significantly during October 2018, according to recent statistics published by the American Iron and Steel Institute (AISI). This is compared to the corresponding period last year. Shipments also showed a marked increase over the previous month. In October…
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