Metallurgy news
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China's steel production hits record high in MayChina's steel production hit an all-time high in May, according to official data released on Friday, even as surges in raw material prices, especially iron ore, have squeezed margins. The world's largest steel producer produced 89.09 million tonnes of steel last month, up from 85.03 million tonnes…
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Refinancing of Metinvest recognized as the deal of the year on the issue of bondsMetinvest, a vertically integrated group of metals and mining companies, is pleased to announce that the International Financing Review (IFR) magazine, the authoritative source of information on capital markets, has recognized Metinvest's debt refinancing transaction as the Deal of the Year to…
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Thyssenkrupp Introduces Artificial Intelligence - AlfredThyssenkrupp Materials Services continues to drive digital transformation: since the beginning of 2019, an artificial intelligence solution powered by the Microsoft Azure cloud platform has been integrated into the processes of the largest material and service provider in the western world. Alfred…
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Imported Steel Will Subject to Increase in Value in Indian MarketIndian Express said that in an effort to provide more benefits to domestic producers in government procurement, the Department of Steel has introduced a notice that requires imported steel to expose higher domestic value added when making a product that would be eligible for purchase by government…
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Metinvest will build an oxygen complex in MariupolMetinvest Group has signed a contract with Air Liquide, a world leader in the production and supply of gases, technologies and services for industry and healthcare. The most modern air separation unit in Ukraine will be built at the Ilyich Mariupol Metallurgical Plant (MMK). The complex will meet…
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Dneprospetsstal published production results in May 2019In May 2019, PJSC DNEPROSPETSSTAL delivered 18,440 tons of steel, which is 11.0% less than in the previous month. During the same period, the Company produced 13,684 tons of rolled metal, which is 5.4% more than in April 2019. The total cost of commercial products manufactured in May 2019 amounted…
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India seeks tougher rules on imports of defective and non-standard steelThe Indian government has announced that it will take the necessary steps to curb imports of defective or non-standard steel, as part of efforts to protect domestic producers. This was announced during a high-level meeting of the ministries of industry and steel, which took place on Tuesday. It was…
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European Commission blocks Tata Steel-thyssenkrupp AG mergerThe European Commission announced its decision to ban the proposed merger of Tata Steel Ltd. and thyssenkrupp AG. A press release issued by the Commission noted that the parties were unable to offer adequate remedies in relation to the concerns it raised. The commission indicated that the merger…
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EU must respond to Trump's steel tariffs - L.N. MittalArcelorMittal CEO said in an interview with a German newspaper that Europe urgently needs to take further measures to offset the impact of import tariffs imposed by US President Donald Trump. L.N. Mittal, Chief Executive Officer of ArcelorMittal, said that “The EU announced protective measures, but…
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USDA raises estimates of wheat production in Russia and UkraineThe USDA raised its estimates of wheat production by Russia and Ukraine, the main exporters from the Black Sea region, by 2 million tons in 2019-20, and exports from the two countries by 1.5 million tons due to favorable weather conditions. Wheat production in Russia for 2019-20 is currently pegged…
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