Metallurgy news
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WTO decides to investigate US tariffs on steel and aluminumThe World Trade Organization (WTO) has agreed to set up teams within its Dispute Settlement Body (DSB) to decide whether US tariffs on steel and aluminum imports comply with WTO rules, a spokesman in Geneva said. China and the European Union (EU), along with Mexico, Norway, Russia, Canada and…
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China's iron and steel industry maintains robust growthThe Chinese metals industry maintained a robust pace of growth, posting notable increases in both operating income and profits from January to September. Statistics from the Ministry of Industry and Information Technology showed that the industry's total core operating income grew 14 percent…
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World Steel Association: October 2018 Steel Production Increases 5.8%World steel production from 64 countries reporting to the World Steel Association (worldsteel) was 156.6 million tonnes in October 2018, up 5.8% from October 2017. Steel production in China in October 2018 amounted to 82.6 million tons, which is 9.1% more than in October 2017. India produced 8.8…
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Ukraine in the world ranking of iron and steel producers for 10 months of 2018According to the Worldsteel World Organization, for 10 months of 2018, metallurgical enterprises of the countries of the world produced 1105.05 million tons of pig iron, of which 1,035.62 million tons by blast furnace method and 69.43 million tons by direct reduction. This is 2.13% higher than the…
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JSW Steel Prepares for Karnataka Iron Ore DeficitIndian state-owned NMDC is expected to raise iron ore prices at electronic auctions held in the state due to the suspension of production at one of its largest iron mines in Domalimal in Karnataka. The move could distort the operations of more than 20 small and medium-sized steel plants with an…
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Nippon Steel maintains lower pricesThe largest steel mill in Japan, Nippon Steel & Sumitomo Metal Corp, is poised for a weaker steel market in Asia because the escalating Sino-American trade war could reduce steel demand in China and Southeast Asia, the company's senior executive said. The biggest uncertainty is how steel demand and…
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Brazilian CSP Continues To Increase Its Heavy Plate Exports In OctoberPlate production at Brazilian Companhia Siderúrgica do Pecém (CSP) recorded a new record volume for 2018, reaching 284,620 tonnes in October, according to data released by the company. CSP plates were exported during this period to countries such as Czech Republic, Germany, Indonesia, Italy…
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Chinese group Sangang aims to increase capacityThe Chinese government-backed Fujian Sangang group acquired a bankrupt steel mill in western China, which would allow the company to expand its capacity later. The acquisition is part of a trend supported by the Chinese government to replace steel capacity between regions in the country to promote…
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ArcelorMittal Kryvyi Rih bought a new batch of BelAZPJSC "ArcelorMittal Kryvyi Rih" continues to receive supplies of new heavy-duty equipment from the company "BelAZ". The company recently purchased four new dump trucks with a carrying capacity of 136 tons, two irrigation machines and a bulldozer - UAH 162.5 million was allocated for their purchase…
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WTO investigation into US steel tariffs could take up to several yearsThe World Trade Organization (WTO) has decided to create panels to review tariffs imposed on steel and aluminum by the Trump administration. The WTO Dispute Settlement Body (DSB) has agreed to form groups to study this issue. Along with investigating the legality of the aforementioned tariffs, the…
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