Metallurgy news
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US imposes duties on structural steel from China and MexicoThe US Department of Commerce said Wednesday it imposed duties on Chinese and Mexican structural steel after preliminary determination that manufacturers in both countries dumped manufactured structural steel on the US market at prices below fair market value. The department said it has imposed…
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Ukraine is one of the world leaders in iron ore reservesIn terms of explored reserves of iron ores, Ukraine, with a share of 18% of the world's reserves, is the world leader, and in terms of iron content, Ukraine's share is 10.5-11% of the world's reserves (one of the five leaders). This was reported by Valeriy Studentsov, Head of Metallurgy and…
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ArcelorMittal Italia will continue the operation of the Taranto plantArcelorMittal celebrates the publication in the Official Journal of Italy of a decree issued by the Italian government. This decree-law amends the so-called Cresquita law, which removed legal protections pending the implementation of an environmental plan for the Taranto plant. Once published, the…
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Fitch Downgrades 2019 Global Steel Price OutlookFitch Solutions Macro Research has revised its 2019 outlook for global steel prices downward as global prices continue to suffer from weak sentiment amid continuing U.S.-China trade tensions and growing risks to the global economy. Over the long term, Fitch Solutions is of the opinion that prices…
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Tata Steel closes 2 divisions in EuropeTata Steel Europe has announced plans to close its subsidiary Orb Electrical Steels in Newport, South Wales, as well as the Wolverhampton Engineering Steels Service Center in the UK, resulting in a potential loss of 406 jobs. Tata Steel shares fell 4% on Tuesday. Orb Electrical Steels has suffered…
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Steel production in Europe declinedThe EU-28 countries recorded a slight decrease in crude steel production in July 2019 compared to the previous year. Since the beginning of the year, production has also seen a decline over the course of the month. According to recent production statistics published by the World Steel Association…
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Metalloinvest improves energy efficiency at Ural SteelMetalloinvest has implemented a large-scale project to modernize the thermal power plant at Ural Steel. Andrey Varichev, CEO of the management company Metalloinvest, said that “The modernization of an independent generator using modern technologies is an important part of a comprehensive program…
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ArcelorMittal Kryvyi Rih accused of tax evasion in the amount of 9 billion hryvniaThe office of large taxpayers completed the audit of ArcelorMittal Kryvyi Rih, which began on May 14, 2019, the head of the Office Yevgeny Bambizov said at a meeting with journalists in Kiev, and added that the amount of claims against the largest investor in Ukraine is 9 billion hryvnia. “As of…
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Metinvest recognized as the most successful Ukrainian brandMetinvest Group entered the top 20 most successful Ukrainian brands that have become known throughout Ukraine and are among the leaders in their industries. This is reported by RBC-Ukraine with reference to the corresponding rating, prepared taking into account information from various open…
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Production results of MMC of Ukraine in August and for 8 months of 2019In August 2019, metallurgical enterprises of Ukraine produced: cast iron 1,820 thousand tons (an increase of 10.5% compared to July 2019), steel 1940 thousand tons (an increase of 8.5%), rolled metal 1,570 thousand tons (an increase of 3.6%). For 8 months of 2019, it was produced: pig iron 13,710…
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