Metallurgy news
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Digital transformation: Metinvest creates an IT companyThe Metinvest Group continues the systemic transformation of its IT function. In September of this year, a new company was established - Metinvest Digital LLC. The work of this IT company will be organized taking into account the best digital business practices. Metinvest Digital will fulfill the…
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Why is the US concerned about steel imports from ChinaThe declining competitiveness of the US steel industry is undeniable. But this is due to shrinking domestic demand, rising production costs in the United States and slow technological modernization. It seems that the United States has deliberately chosen to blame China for the disasters in the…
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Steel production in the Asian region grew by 5.9%The latest production statistics released by the World Steel Association (wordsteel) show a significant jump in crude steel production by Asian countries during September this year. In September 18th, Asian crude steel production was 107.841 million tonnes, up 5.9% over the same period last year…
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ArcelorMittal ready to launch Ilva despite threats to steel demandItaly's budget disputes with the EU, Brexit's potential inaction and trade tensions stifling economic growth are major threats to steel demand growth in Europe. So says the head of ArcelorMittal Flat Steel Europe. Despite a slowdown in the forecast for 2019, steel production in the EU is still at a…
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Positions of Ukraine in the global metallurgical marketAccording to Worldsteel, in 9 months of 2018, metallurgical enterprises of the world produced 994.94 million tons of pig iron, of which 932.41 million tons by blast furnace method and 62.53 million tons by direct reduction. This is 2.1% more than 974.48 million tons for the same period in 2017…
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World steel production up 4.4% in September 2018World steel production from 64 countries reporting to the World Steel Association (worldsteel) was 151.7 million tonnes in September 2018, up 4.4% from September 2017. Global steel production was 1,347.0 Mt (1.3 Bt) in the first nine months of 2018, up 4.7% year-on-year. Asia produced 946.8 million…
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Eurofer continues to insist on steel quotas for certain countriesThe European Steel Association Eurofer continues to believe that the rolled metal quota system, created as a protective measure, should be country-oriented rather than general, as discussed at a seminar in Brussels. The quota system is in effect until February 2019, so the European Commission needs…
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Shanghai Steel Prices RiseThe value of rebar futures in Shanghai has risen substantially, supporting robust demand for the winter, when construction tends to slow in northern China due to tough conditions and pollution control regulations. Stocks of metal products at Chinese traders fell 370,000 tons to 10.3 million tons…
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The situation with steel imports in the EUCoil imports to Europe have continued to contract in recent months, but they may now approach the bottom of the current cycle, market sources say. HRCs from countries such as Turkey and Egypt can now be ordered at € 505-515 per tonne ($ 579-591 /t) cfr in Southern Europe, but further adjustments…
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South Korea expects strong demand for steel in the fourth quarterSouth Korean metallurgists expect steel demand to be solid during the fourth quarter amid lower production and demand in China. As a result, the largest manufacturer Posco is expected to post consolidated annual sales of $ 64.8 trillion ($ 57 billion), up from a previous estimate of 64.1 trillion…
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