Metallurgy news
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Steel production in China will be reduced from summer recordsChina's steel industry weakened in August, reaching a record high in July, under tight production restrictions in major metallurgical regions as part of efforts to clear the country's sky from smog. The world's largest steel producer smelted 80.33 million tonnes of steel, according to the National…
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Global steel production capacity to increase during 2018-2020Global steel production capacity is expected to increase by almost 52 million tonnes during 2018-2020, as noted in the Organization for Economic Co-operation and Development report in its report “Recent Developments in Steel Production”. Currently, 39 million tons of additional capacity is in the…
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Indonesia sets coal prices in September at $ 104.81 per tonIndonesia's Ministry of Energy and Mineral Resources set its September benchmark coal price, also known as Harga Batubara Acuan or HBA, at $ 104.81 per tonne, down 2.8% from August but up 13.8% on an annualized basis. The ministry set the price for August at $ 107.83 per ton, and for September 2017…
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ArcelorMittal Submits Revised Bid For Acquisition Of Indian Steel FirmArcelorMittal has submitted a revised proposal to acquire the assets of Essar Steel India Limited (ESIL). The company confirmed that the proposal was submitted to the ESIL Lenders Committee on September 10, 2018. The initial proposal for ESIL was submitted on February 12 this year. The revised…
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EU expects US steel tariffs to continue in 2019The European Union sees little chance of an exemption from controversial US steel and aluminum tariffs until mid-2019, as it pushes for a narrow transatlantic deal to stave off any additional US tariffs on European cars, one bloc official said. The Commission, the EU's executive arm in Brussels, is…
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India hopes to rank 2nd in global steel productionIndia hopes to become the world's second largest steel producer after China, and the government has also taken steps to encourage secondary steelmakers to improve efficiency, the Metals Ministry said in a statement. The growth in the secondary steel sector, coupled with the primary steel sector…
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Rolled steel responded by giving more freedom to local authoritiesSteel and raw materials prices plummeted in China on Wednesday, leading to multi-week lows as more stock exchanges liquidated positions with excess upside risk as Beijing considers flexible its constraints. China is considering allowing its northern provinces to tackle selected heavy industry…
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UK to use coal to generate electricity in winterDespite the fact that coal is the dirtier fuel in the UK energy complex, which is set to burn this fuel in the winter, regardless of the UK government's plans to phase out coal plants by 2025, and two more coal-fired power plants in Eggborough and Kilroth have closed this year. ... Gas prices for…
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India is the brightest player in the steel sector in the near futureIndia will be the brightest player in the global steel sector over the next 12-18 months, according to Moody's Investors Service. In a statement, Moody's said that steel consumption in India is growing at least 5.5% to 6% annually, tracking strong GDP growth of 7.3% to 7.5%. “Nominated Indian…
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Steel mills in the United States increased shipments to the domestic marketThe latest statistics released by the American Iron and Steel Institute (AISI) show that in January this year, compared with the previous year, the volume of supplies of steel from the US steel mills increased markedly. However, shipments have slightly decreased compared to the previous month. AISI…
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