Metallurgy news
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India becomes a major consumer of rolled metal productsIndia will remain a net steel importer for at least the next two years as high quality steel from South Korea and Japan comes tax-free amid fears of increased shipments from China, according to local Fitch Ratings Ltd. , Overseas purchases from India totaled 7.8 million tonnes imported for the year…
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US steel production up 2%Weekly U.S. steel output showed a modest increase in the week ending June 29, 2019, up from the same week a year earlier. This is in line with the latest weekly domestic production statistics published by the American Iron and Steel Institute (AISI). Weekly production was marginally lower than the…
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Azovstal topped the list of the largest recipients of budget VAT refunds in JuneAzovstal, affiliated with the Metinvest group, topped the list of the largest recipients of budget value added tax (VAT) refunds in July 2019 with an indicator of UAH 806.86 million, although there was no information on refunds in May, according to data on the website of the State Treasury Service…
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Results of MMC of Ukraine in June 2019In June 2019, the metallurgical enterprises of Ukraine produced: 1.46 million tons of pig iron, which is 13% lower compared to May 2019; 1.63 million tonnes of steel, down 11%; 1.47 million tonnes of rolled metal products, down 6%. For the first half of 2019 it was produced: 10.18 million tons of…
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Fierce competition in the growing steel market in Southeast AsiaIn many parts of the world, the outlook for steel demand growth is rather modest. However, the region that continues to resist this trend is Southeast Asia. This area is a steadily developing market. All ASEAN countries recorded positive growth in 2018 - with similar forecasts expected this year…
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British Steel receives multiple asset acquisition bidsTroubled steelmaker British Steel has received a series of applications that are being reviewed by administrators while production continues. The application deadline expired at the end of last week. Local media reported last week that Network Rail, JSW, Hesteel Group, Baowu, Liberty, Evraz and the…
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US Steel Invests $ 200 Million to Upgrade Coke PlantUnited States Steel Corporation announced that it has reached an agreement with the Allegheny County Health Department to resolve the company's battery compliance enforcement order appeal at the Clairton plant in Clairton, PA. Under the terms of the agreement, US Steel has invested approximately $…
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Ukraine introduced anti-dumping duty on Russian and Chinese rolled metal productsThe Ministry of Economic Development and Trade of Ukraine has completed an anti-dumping investigation into the import of anti-corrosion coated steel products from Russia and China and concluded that there is evidence of dumping. The ministry's interdepartmental commission applied an anti-dumping…
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South American steel production up 2.1%The monthly production statistics published by the World Steel Association (worldsteel) point to a slight jump in South American steel production in May 2019. However, regional production remained lower during January-May 2019 compared to the corresponding five-month period in 2018. Steel…
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Thomas & Adamson Helps Build Largest Movable Steel Structure for ChernobylAn Edinburgh-based construction firm detailed the vital monitoring work it is undertaking on the former Chernobyl nuclear power plant in northern Ukraine. Thomas & Adamson leads a global team to monitor the construction of a new safe confinement, declared the largest movable steel structure created…
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