Metallurgy news
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China's steel production to hit record high in 2018China's annual steel production is expected to set an annual record of 923 million tonnes in 2018, before falling to 900 million tonnes next year. This was announced by the government on Monday. According to Li Xinchuang, the president of the world's largest steelmaker jumped from 831.73 million…
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China deepens production restrictions to combat smogSteel mills and other industrial plants in China's main steel city, Tangshan, were ordered Saturday to make further production cuts in December as part of emergency measures to tackle smog. The order of the local government came in connection with the forecast that from December 9 to December 31 in…
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Indian steel production up 4% in NovemberIndia's steel production rose 3.8 percent in November to 8.92 million tonnes in November 2018, according to the Joint Steel Committee (JPC). In the same month last year, the country produced 8.60 million tonnes of crude steel, according to the latest JPC report. State-owned companies SAIL…
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Hot rolled steel prices in the CIS continue to declineHot rolled steel prices in the CIS remain weak, although some producers are attempting to moderate gains on the back of a brief rise in prices in China over the past week. HRC rolls are sold at 430 € /t ($ 490 /t) in all markets including Europe, Turkey and Latin America. This price, equivalent to…
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World Steel Association announces industry competition finalistsThe World Steel Association (worldsteel) has announced the finalists for the SteelChallenge-13 World Championship. The winners were selected from a regional championship held on November 28, 2018, in which about 1,900 participants from 48 countries took part. The annual competition is held to…
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U.S. Trade Deficit Reaches 10-Year HighThe U.S. trade deficit jumped to a 10-year high in October as soybean exports fell and consumer goods imports rose to an all-time high, suggesting Trump's tariff measures to close the trade gap were likely ineffective. Other data showed that private employers hired fewer workers than expected in…
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Zaporizhstal has repaired blast furnace No. 4Within the framework of the program for technological modernization, Zaporizhstal launched a blast furnace No. 4 after a major overhaul. Investments amounted to about 100 million hryvnias. Within 15 days of overhaul, the bell-less charging device was replaced, new heat exchangers and cooling plates…
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ArcelorMittal Kryvyi Rih carries out repairs of buildings and structuresThis year ArcelorMittal Kryvyi Rih is launching a large-scale program for the repair of buildings and structures, which was adopted in 2017. The program is designed for three years - for 2018–2020. This year alone, UAH 265 million was allocated for these purposes. Next year, the company will…
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German union demands 6% wage increase for steelworkersGerman union IG Metall on Tuesday demanded a 6 percent wage increase for 72,000 employees in the steel industry in the northwest of the country. The influential branch of IG Metall in the western state of North Rhine-Westphalia (NRW) also requires an annual bonus of 1,800 euros, which workers can…
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POSCO C&C completes construction of a galvanized steel plantPOSCO C&C has completed the construction of a new plant capable of producing 400,000 tonnes of galvanized and coated steel sheets. The company is currently able to supply one million tons of galvanized steel sheets per year, as it has already provided the capacity to produce 600,000 tons of hot-dip…
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