Metallurgy news
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Turkish exporters oppose "state subsidized" imports from IranThe Turkish Steel Exporters Association (CIB) has called for measures to protect against what it believes to be state-subsidized rebar exports from Iran to Turkey. Steel production in Iran has grown rapidly in recent years to the point that Turkey is now threatening, according to the CIB. Iranian…
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ArcelorMittal Kryvyi Rih invested 349 million dollars in production developmentDuring 10 months of 2018, PJSC ArcelorMittal Kryvyi Rih invested $ 349 million in the development of production, including capital investments of $ 271.3 million, operating investments - $ 77.4 million. The main part of capital and operating expenses is directed to the renewal and development of…
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Steel production in India increased by 5.2% YTDIndian steel production rose 5.2% during the opening seven-month period of the current fiscal year. According to Mr. Sushim Banerjee, managing director of the Institute for Steel Development and Growth (INSDAG), production was 61.1 million tonnes between April 18 and October 18, up 5.2% from the…
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Record steel production in ChinaChina's steel production in October reached a record 82.55 million tons, up 9.1% from the corresponding month last year, data released by the National Bureau of Statistics showed on Wednesday. The annual growth rate in September is 7.5%. Daily smelting in October reached the level of 2.663 million…
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Tata Steel's net profit tripledTata Steel Ltd reported more than threefold growth in net income in the second quarter, easily outperforming market valuations, boosted by strong sales in India. Net income was Rs 31.16 billion (USD 428.79 million) in the second fiscal quarter ended September 30. Then, as a year earlier, the profit…
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Brazilian Pig Iron Export Prices Maintain Stable OutlookBrazilian pig iron export prices began to flatten due to poor demand, mainly in the US and Mexican markets. However, the onset of the country's rainy season in early November could provide some price support as production declines. According to the sources, the average export price of pig iron has…
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Turkey introduces global tariff quotas for rolled metal importsTurkish President Recep Erdogan signed Decree No. 138 to introduce interim safeguards in the form of a global tariff quota of 200 days for imports of rolled metal, regardless of the country of origin and export. This tariff quota began on October 17, 2018 and will last until May 4, 2019. At the…
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ArcelorMittal Kryvyi Rih supplies rolled metal products for the construction of LvivTechCity parkPJSC "ArcelorMittal Kryvyi Rih" supplied the first batch of its reinforcing bars in the amount of 176 tons for the construction of LvivTech.City. The rebar is shipped directly from the warehouse of PJSC "ArcelorMittal Kryvyi Rih" in Lviv. The innovation park in Lviv will occupy 4.8 hectares, the…
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Galati Steelworks increases steel production by 50% in RomaniaSanjeev Gupta, executive chairman of the GFG Alliance that owns Liberty Steel, has made a major investment in Galati Steelworks, Romania. GHG previously announced the acquisition of the plant from ArcelorMittal. The deal is expected to be completed by early next year. According to the company, the…
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Severstal's positive outlookRussian vertically integrated steelmaker and mining company Severstal believes global steel demand is slowing from 1.9% in 2019, up from a previous estimate of 2.1%. Overall, despite sharp declines in demand in some areas, reduced production in China and continued growth in global demand will see…
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