Metallurgy news
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US Steel Imports Down 16% Between May-JuneThe US imported a total of 2.48 million tonnes of steel in June, according to the American Iron and Steel Institute. This figure includes 1.84 million tonnes of finished steel products, down 15.5% from May's final data. Annual steel imports in the first six months of 2018 decreased to 17.8 million…
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Asia accounts for nearly 71% of global steel productionIn June of this year, the production of Asian crude steel was 107.378 million tons, which is significantly higher by 6.9% compared with the volume of production in the same period last year. In June 2017, regional production totaled only 100.458 million tonnes. Total production in the first six…
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US steel industry benefits from trade warThe trade war unleashed by the administration of President Donald Trump worries a large part of the American industry, but only the steel industry has the potential to make record profits. The tariffs imposed by the United States on imported steel boosted the price of rolled steel, which…
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Results of metallurgical production in Ukraine for the first half of the yearDuring the first half of 2018, Ukrainian metallurgical enterprises produced 9.25 million tons of rolled metal, which is 5% higher compared to the same period in 2017, of which 7.82 million tons were exported, which is 84.6%. This roughly corresponds to the same period in 2017, when the share of…
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Steel price rise in China to five-year levelSteel prices in China rose 1.7 percent on Friday to their highest level since 2013, boosted by strong demand and expectations of a decline in production following pollution in the country's upper manufacturing centers. The most active rebar contract on the Shanghai Futures Exchange added 1.7…
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In the first half of 2018, Zaporizhstal allocated UAH 1.9 billion to the budgetAccording to the results for the first half of 2018, Zaporizhstal became one of the 100 largest taxpayers. In the first half of 2018, large taxpayers of the Zaporizhzhya region allocated more than UAH 7.5 billion to the budgets. For the first six months of this year, Zaporizhstal transferred about…
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Hyundai Steel Increases Profit From High Quality Rolled Steel SalesHyundai Steel Co., South Korea's second-largest steel company in terms of sales, said Friday that its second-quarter net profit jumped 37 percent on high-quality product sales. Net income for the April-June quarter rose to 177 billion won (US $ 158 million) from 138.5 billion won a year earlier…
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Global steel production rose nearly 6 percent in JuneWorld steel production in 64 countries representing the World Steel Association (worldsteel) was 151.4 million tonnes in June 2018, up 5.8% from June 2017. Global steel production was 881.5 million tonnes in the first half of 2018, up 4.6% year-on-year. Asia produced 613.9 million tonnes of steel…
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Trade risks in the EU market are intense even amid growing demand for steelThe EU steel market started 2018 on a relatively strong footing, fueled by continued economic recovery and an improved business environment in steel-using sectors. However, imports continued to rise from already high levels in 2017. During the forecast period 2018-2019. steel demand is expected to…
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China's steel sector has been successful in reducing productivityChina's steel sector has made significant progress in reducing and eliminating excess industrial capacity in the first six months of the year, while its ongoing efforts to curb pollution continue to bear fruit, experts say. During the first six months of this year, the country produced 373 million…
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