Metallurgy news
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Steel production in Asia increased by 7.4%The Asian region accounted for over 70% of global steel production during the month. The latest steel production statistics released by the World Steel Association point to a notable jump in liquid steel production in Asia during March this year. Production of crude steel in Asia in March this year…
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General meeting of shareholders of "ArcelorMittal Kryvyi Rih"Last week, on April 25, the annual general meeting of shareholders was held at ArcelorMittal Kryvyi Rih. The meeting heard the report of the executive body of the company for 2018, the report of the Supervisory Board for 2018, the report of the Audit Commission for 2018, the annual report was…
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US Steel Tariffs Affect Turkey's Rolled Metal Trade to MalaysiaTariff increases designed to protect the US steel industry are starting to have international repercussions in unexpected places as Malaysia launches an anti-dumping investigation on steel imported from Turkey, a country that has been hit hard by changed US import regulations. What upset the steel…
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ArcelorMittal Kryvyi Rih profit distributionThe general meeting of shareholders is the supreme governing body of ArcelorMittal Kryvyi Rih approved the annual report and a decision was made on the distribution of profits. According to the results of the work of ArcelorMittal Kryvyi Rih in 2018: Net income from product sales amounted to UAH 68…
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Steelmakers face a double blow - high costs and low demandSouth Korean steelmakers are facing a double hit from rising iron ore prices and weak demand from major customers, industry sources said Wednesday. Steelmakers pass high prices for raw materials like iron ore and coking coal onto customers, but find it difficult to demand that their customers like…
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China Steel Sector Remains Overcapacity ConcernsChina's efforts to reduce overcapacity in the steel sector in the past few years may be reversed after the cuts in production capacity spurred steel prices, increased profits among steel companies and encouraged them to invest in capacity expansion. In China, which currently produces more than half…
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Steel production in India declinedIndia's crude steel production fell 1 percent to 9.412 million tonnes in March 2019, according to a report by the World Steel Association (worldsteel). In the same month, a year ago, India produced 9.506 million tonnes of crude steel, according to its latest report. India produced 9.412 million…
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China is interested in expanding cooperation with Sanjiv Gupta"China's recognition of the importance of building a new Whyalla steel mill is important for strengthening its relationship with a global superpower," says British industrialist Sanjeev Gupta. Gupta's GFG Alliance is developing a new steel plant in Australia's regional heart with the goal of…
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Trump Tariffs Lead to Kentucky Steel Sector RecoveryThe Trump administration's decision to impose 25% tariffs on imported steel eased the steel crisis and led to an overall recovery in the country's steel sector. Kentucky has witnessed a sharp recovery, reporting significant increases in capacity utilization by smelters. It also led to the opening…
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In March 2019, global steel production increased by 4.9%Global crude steel production for 64 countries reporting to the World Steel Association (Worldsteel) was 155.0 Mt in March 2019, up 4.9% from March 2018. Global steel production was 444.1 million tonnes in the first three months of 2019, up 4.5% over the same period in 2018. Asia produced 312.9…
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