Metallurgy news
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US finished steel imports decreased by 18% in 5 monthsBased on final data, the American Iron and Steel Institute reported that the United States imported a total of 2,062,000 tonnes of steel in May 2019, including 1,853,000 tonnes of finished steel (up 38.2% and 9.3%, respectively). with April, respectively). final data). In the first five months of…
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China may increase steel productionChinese steel futures were higher on Monday. Steel demand in China's manufacturing sectors has become "very strong," according to expert Darwin Toh of Singapore-based data analyst Tivlon Technologies. “Tivlon Technologies is also showing an upbeat outlook on steel companies' margins over the next…
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North American steel production up 4.5%The American Iron and Steel Institute (AISI) released a weekly report on domestic steel production, showing capacity utilization as well as details on local production for the previous week. Domestic steel production reportedly totaled 1.873 million tonnes for the week ending June 22, 2019…
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Poor Steel Could Cause Building Collapse In Philippines: ExpertsBusiness Mirror reported that the recent surge in earthquakes that shook northwest Japan, southern China, the Flores region of Indonesia and several provinces of Mindanao has raised concerns among the Philippine steel industry authorities. The grave fears are that thousands of high-rise buildings…
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Evraz is considering buying the French partEvraz PLC is interested in purchasing part of British Steel. The FT said: "The Russian metallurgical mining group, of which Chelsea football club owner Roman Abramovich is the largest shareholder, is specifically considering British Steel's business in France, which supplies rails for railway…
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Fitch Affirms Tata Steel's 'BB' RatingFitch Ratings has affirmed Tata Steel's Long-term Issuer Default Rating (IDR) at 'BB', keeping the outlook stable. Tata Steel UK Holdings' Long-term IDR is also affirmed at 'B' with a stable outlook. The agency said that all ratings have been removed from the rating observations in which they were…
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MMK supplies a record number of long productsIn May, the Magnitogorsk Iron and Steel Works shipped 181,070 tons of long products to consumers, which is a record indicator of monthly shipments of this type of product since the launch of the existing divisions. The previous record was 172,000 tonnes of long products shipped by MMK in July 2015…
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Ukrainian industry continues to growIn May 2019, industrial production increased by 1.6% against the same period last year. This was reported by the Ministry of Economic Development and Trade of Ukraine on its Facebook page. The following industries showed the best dynamics: production of chemicals + 6.7% metallurgical production +…
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Vietnam to impose anti-dumping duties on Chinese and South Korean coated steelVietnam plans to impose anti-dumping duties on coated steel from China and South Korea starting June 25 for about four months before final decisions are made on ADD investigations, the country's trade ministry said this week. 19 Chinese companies will be subject to ADD rates ranging from 3.45% to…
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Maintaining production is a priority in Iran's metallurgical sectorMaintaining production is a priority in the country's steel sector, Iranian Deputy Industry, Mining and Trade Minister Jafar Sargini was quoted as saying on Saturday. Speaking about the problems posed by the sanctions, the official said that in the context of the sanctions, steel producers prefer…
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