Metallurgy news
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ArcelorMittal Kryvyi Rih proposes the use of metallurgical waste for road construction in UkraineArcelorMittal Kryvyi Rih recently received the results of testing a test section of a concrete road. Tests and measurements were carried out by a special laboratory of the HeidelbergBeton Ukraine company. Tests have shown that concrete made from metallurgical waste - slag is not inferior in…
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Global steel industry monitors Indian electionsThe swearing-in of Narendra Modi as the 15th Prime Minister of India on May 26, 2014 once again sparked a sense of enthusiasm and strength in the country, despite the promise of "getting sick" - good days - in the future. Five years later, with the world's largest elections in the country…
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Net profit of Baosteel in the first quarter decreased by 46%Baoshan Iron and Steel Co. Ltd. in the first quarter of 2019 decreased by 45.7% year-on-year amid a decline in profit margins. When filing on the Shanghai Stock Exchange, Baosteel said its net profit in January-March was 2.7 billion yuan, up from 5 billion yuan in the same period in 2018. In three…
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US imports of finished steel dropped significantlyThe American Iron and Steel Institute (AISI) reported that total US imports and finished steel fell sharply from the previous month in February this year. Aggregate steel imports during the first two months of 2019 increased significantly over the previous year, while finished steel imports…
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NS BlueScope Malaysia completes acquisition of YKGI Holdings BerhadNS BlueScope Malaysia has completed the acquisition of YKGI Holdings in Berhad in Klang, Malaysia. The assets include a push-pull pickling line, a cold rolling mill, a continuous galvanizing line and a continuous color coating line. NS BlueScope Malaysia is the operating company of NS BlueScope…
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Coal production in Ukraine in the first quarter fell by 7%The Ministry of Energy and Coal Industry reported that coal production in Ukraine in the first quarter of this year decreased by 7.1% to 7.765 million tons. In March, Ukraine produced 2.664 million tons of coal, which is 11.9% less than last year. In the first quarter, steam coal production fell…
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US Tariff Elimination Continues for Select CountriesThis process is favored by Japan, Spain and China. One year later, the Bureau of Industry and Security (BIS) of the US Department of Commerce processed 61.9% of 45,328 exemption requests to assist companies in section 232 steel import tariffs. BIS approved 21,464 applications and rejected 6,588…
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Global Steel Demand Will Slow Down China's Economic GrowthThe World Steel Association (worldsteel) has released its short-term forecast for April 2019 (SRO). According to worldsteel forecasts, in 2019 the global demand for steel will reach 1,735 million tons, which is 1.3% more than in 2018. According to forecasts, in 2020 demand will grow by 1.0% and…
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Decrease in steel export prices in Turkey is paying offTurkish exporters of hot rolled coil products tried to boost sales by lowering prices early last week, which bore fruit with several large sales to Asia last week. Reduction of about US $ 10 /t for late May /early June loading of material last week to about US $ 510-520 /t in Turkey negotiations…
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Steel production in China will grow by 3-4% - Fortescue CEO saysThe head of Australia's Fortescue Metals Group, the world's fourth-largest iron ore supplier, expects steel production in China to grow despite the economic downturn as government stimulus stimulates demand. Fortescue sees "a 3-4% increase in steel production in China this year," based on…
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