Metallurgy news
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Slowdown in Chinese production is holding back global economic growthGlobal crude steel production for 64 countries reporting to the World Steel Association increased 1.7% year on year in July to 156.7 million tonnes. Thus, growth slowed down from 4.6% in June and 5.4% in May. Despite a slowdown from double-digit growth, production in China continued to rise 5% in…
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ArcelorMittal Canada acquires Legault MétalArcelorMittal Long Products Canada announced today that it has acquired the assets of Legault Métal Inc, a metal processing company with operations in Treson, Val d'Or, Rouen Noranda and La Sarre, in Abitibi Temisking in Quebec, Canada. These properties, which will now operate under the name…
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China Steel Corp Raises Electrical Steel PricesChina Steel Corp (CSC) announced that it will maintain steel prices for most of its products for domestic supply in the fourth quarter and will moderately raise prices for two products to reflect improved market conditions. The company will increase the price of electrical sheets at NTD 255 per…
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Steel imports in the USA decreased by 11% in 7 monthsBased on preliminary indications, the American Iron and Steel Institute reported today that the US imported a total of 3,028,000 tonnes of steel in July 2019, including 1,843,000 tonnes of finished steel (up 48.3% and 6.6%. respectively, compared to Final data for June). In the first seven months…
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Steel consumption in India will grow more slowlySteel demand in India is set to grow at the slowest pace in three years as the recession deepens in the bright spot of global industry. Moody's Investors Service 'Icra Ltd said that steel consumption in India is likely to increase by less than 6% this fiscal year, the slowest rate after rising 3.1%…
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Metallurgical production of Donetsk region in July increased by 8 percentIn July 2019, compared to the previous month, production volumes in metallurgical production and production of finished metal products in the Donetsk region of Ukraine increased by 8.1%. However, compared to July 2018, metallurgical production and production of finished metal products decreased by…
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Thyssenkrupp disputes EU refusal to merge with Tata SteelGerman multinational conglomerate Thyssenkrupp has filed a complaint with the European Union's General Court (EGC) against the European Commission's (EC) decision to block its merger with Indian steel giant Tata Steel. In a statement released yesterday, Thyssenkrupp noted that the commitments it…
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Gold price rises to a new 6-year highGold hit a six-year high on Friday as investors plunged into safe haven amid the growing US-China trade war and the prospect of a return to ultra-empty monetary policy from the Fed. December delivery gold, the most heavily traded futures contract in New York, peaked at $ 1,539.50 an ounce, up $ 31…
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Interpipe welcomes the resumption of UZ tenders for the sale of scrap metalThe Ukrainian industrial company Interpipe welcomes the resumption of the Ukrzaliznytsia auctions for the sale of large consignments of ferrous scrap. Since the beginning of the year, UZ has repeatedly made attempts to hold such auctions, but the terms of shipment of scrap metal on EXW terms…
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Converter production at Azovstal will become cleanerMetallurgical plant Azovstal of Metinvest Group completed the reconstruction of aspiration in the crushing department of the bulk and ferroalloys section of the converter shop. The cleaning equipment of the German company Lamellen - Jet was installed. Commissioning works are in progress…
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