Metallurgy news
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ArcelorMittal Kryvyi Rih increased productionPJSC "ArcelorMittal Kryvyi Rih" completed the planned restoration of blast furnace No. 7, due to which the production of pig iron increased to 16 thousand tons per day, and by mid-October it will increase to 17 thousand tons. Investments in the renovation of the blast furnace amounted to almost UAH…
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Production results of the Dneprospetsstal plant in September 2018In September 2018, PrJSC Electrometallurgical Plant DNEPROSPETSSTAL named after I. A.N. Kuzmina ”smelted 19,343 tons of steel, which is 7.9% less than last month. During the reporting period, 13,229 tons of rolled metal were produced, which is 5.7% less than in August 2018. The total cost of…
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Steel makers demand dumping measuresThe Federation of Thai Industries (FTI) is calling on the government to expedite new measures to protect local steelworkers after Chinese supplies become a major concern. The backlash came after China launched a new tax incentive structure for up to 397 items, including 85 steel products such as…
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Russia continues to increase steel exportsRussian exports of ferrous metal products increased on an annualized basis in January-August, while the volume of exports of raw materials changed in the other direction. Exports of steel products in August remained at 2.47 million tons, but increased by 14.3% year on year. Steel exports for the…
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Nord Stream 2 has almost guaranteed fundingAccording to Alexei Miller, General Director of Gazprom, the Nord Stream 2 gas pipeline has already provided 70% of the financing, which is in line with the schedule. However, the head of the Russian giant did not say how much the construction of the gas pipeline would cost. According to experts…
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The iron ore market directly depends on the environmental policy of ChinaIn contrast to the volatility experienced by many commodities, iron ore prices have declined over the past seven months and are hovering in a narrow range. A shift in China's winter pollution reduction strategy could wake up iron ore prices, but it is far from clear how much they could change. Last…
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SSAB Europe improves efficiency in pipe productionSwedish steel company SSAB is investing SEK 300 million (US $ 33 million) to improve pipe production efficiency. The two-year project will focus on centralizing the company's pipe business to ensure long-term competitiveness by increasing sales of high quality products that are more profitable than…
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Global stainless steel trade linked to quotasThe imposition by the United States government of quotas and tariffs based on national security concerns has reduced the flow of imported stainless steel into the country. As alloy surcharges rose, U.S. mills also raised their baseline for 304 cold rolled coil by $ 200 per tonne, or 16 percent…
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Turkey significantly increases steel exports since the beginning of the yearTurkish steel exports rose 12.5% year on year to 11.4 million tonnes in the first nine months of the year, the trade association said. The Association of Turkish Steel Exporters (CIB) reported that the country earned $ 11 billion in January-September, up 34 percent from the same period last year…
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Production results of the metallurgical sector of UkraineIn September 2018, metallurgical enterprises of Ukraine smelted 1.66 million tons of pig iron, which is 3.7% lower than in August 2018; steel production reached 1.79 million tons, remaining at the level of August; rolled metal production amounted to 1.57 million tons, an increase of 3% compared to…
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