Metallurgy news
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Iron Ore Concentrate Production in Iran Exceeds 4 Mt /Month in Commodity News 06/03/2019Statistics showed that nine mining companies in the country produced 4,013,413 tons of iron ore concentrate in the first month of this year (March 21 to April 20), showing a decrease of one percent over the corresponding period last year. The country's major iron ore producers produced 45,484,656…
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Interpipe passed prequalification from the American distributor Distribution NOWThe INTERPIPE NIKO TUBE plant, which is part of the Ukrainian industrial company INTERPIPE, has passed the prequalification of a supplier from Distribution NOW, a major American distributor of pipe products. Last year, Tuboscope Vetco, commissioned by Distribution NOW, conducted a prequalification…
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Proposals for procurement in the CISBids for procurement in the CIS at $ 445-450 per tonne with fob in the Black Sea remain too high for buyers, leading to a noticeable lack of activity, which is further emphasized by the end of the month and the lull in Ramadan. The increase was triggered by Washington's surprise mid-month move to…
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North American steel production increased 3.8%The rise in US production was partially offset by huge declines in Cuba and Mexico. The North American region reported a significant jump in steel production in April this year, according to the latest statistics released by the World Steel Association (worldsteel). Regional output rose…
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Even if British Steel is saved, the problems won't go awayArcelorMittal (MT.AS), the world's largest steelmaker, cut European steel production figures citing weak demand. The move, announced Wednesday, underscores the challenges that British Steel faces, even if the white knight does save a collapsed industrial business. British Steel collapsed into…
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Regional steel production in Africa grows by 24%Steel production in Africa increased significantly in April 2019. Production in the first four months of the year is significantly higher compared to the corresponding period in 2018. Steel production data published by the World Steel Association (worldsteel) shows African production at 1.359…
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ArcelorMittal announces further cuts in EU steel productionArcelorMittal announced further production cuts at EU steel mills in an attempt to adjust production in the region to current weak market conditions. The rise in imports, despite EU regulations and falling market demand, continues to have an impact on the steel mill. According to a press release…
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Steel production in Asia increased by 10%China continued to be the leading steel producer in the region. Production growth in the country exceeded the growth in the region, increasing by 12.7% over the previous year. The latest production statistics published by the World Steel Association (wordsteel) show a significant increase in crude…
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Export of stainless steel in China in January-April decreased by 6%Stainless steel exports to China declined 6.13% from a year earlier to 596,800 tonnes in the first four months of 2019, driven by reduced shipments to a number of countries such as Indonesia. Customs data showed that China exported 298,600 tons of stainless steel in April, up 1.2% from March but…
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US finished steel imports record massive declineThe latest report released by the American Iron and Steel Institute (AISI) shows a significant decline in total and final steel imports into the country during the first four months of this year. The United States imported 11.489 million tonnes of steel in January-April 2019, of which 8.067 million…
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