Metallurgy news
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Official announcement on the future of the British steel companyA British Steel official said: "We are continuing to work with stakeholders to figure out how to keep the company as a permanent asset. These are commercial confidential discussions." The company still trades and supplies steel products to its customers who continue to provide good support for…
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China's steel exports fell 17% in MayDuring May 2019, steel exports from the country fell by 16.6% at an annual level to 5.743 million tons and decreased by 9.2% in a month. In January-May, steel exports from China amounted to 29.093 million tons, which is 2.5% more than in the previous year. Market experts attribute the decline to a…
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Metinvest's debt refinancing wins European Commodity Financing Deal of the Year awardMetinvest, a vertically integrated metals and mining group, is pleased to announce that TXF has named the Group's debt refinancing transaction the European Commodity Financing Deal of the Year in TXF's annual Best Deal of the Year competition, also known as the Perfect 10 rating. ". TXF is a…
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The sixth blast furnace stopped at Azovstal for overhaulMetinvest Group continues to modernize blast furnace production at the Azovstal steel plant in accordance with the Technology Strategy-2030. The blast furnace (BF) No.6 was shut down for overhaul. The modernization of the blast furnace will improve its energy efficiency, reduce production costs and…
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ArcelorMittal Kryvyi Rih invests in wastewater monitoring systemArcelorMittal Kryvyi Rih put into operation the second waste water quality control post. Thus, the company has completed the implementation of a modern automated wastewater monitoring system, which has no analogues in Ukraine. Investments amounted to UAH 12.2 million. ArcelorMittal Kryvyi Rih is…
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Steel industry faces tougher environmental regulationsSouth Korea's increasingly stringent environmental regulations are hampering the steel industry, which is already plagued by falling sales and rising raw material prices. Last week, three regional governments representing South Chuncheon Province, North Gyeongsang Province and South Jeolla Province…
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Turkish HRC factories stifle export salesOn Monday, the export market for hot rolled coil products in Turkey remained calm after a week of holidays in Bayram suspended the market. Market participants expected Turkish mills to show some signs, but the mills remained mostly on the fence. This was partly due to the lack of available tonnage…
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Gold Expects Biggest Weekly Gain Since March 2018Gold prices stabilized on Friday but continued to move towards their biggest weekly gain since March 2018, after rising expectations for a US rate cut and concerns over trade disputes boosted demand for bullion. However, having failed earlier this week to break the 2019 high of $ 1,346.73, analysts…
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India's iron ore production hits 10-year highThe country's iron ore production rose to a decade-record level of 220 million tonnes in fiscal 2019, up 9.5% year on year from 201 million tonnes in fiscal 2018. Analysts are betting on the ongoing growth in ore mining this fiscal year. Their positive sentiment comes from merchant miners looking…
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Tata Steel Europe sells businessTata Steel Europe announced that it has signed a business purchase agreement with William King Limited to sell Firsteel's assets. Last May, the company announced it was looking for a buyer for Walsall, UK-based Firsteel and its associated business units. The sale is considered part of Tata Steel's…
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