Metallurgy news
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Steel consumption in India in 2019 will exceed the psychological mark of 100 million tonsSteel consumption in India could surpass the psychological mark of 100 million tonnes in 2019, according to the forecast of the Indian Steel Producers Association, which includes local steel producers. According to the ISA, the growth in consumption is driven by an expected 7.1% increase in…
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US steel production increased by 8%Weekly U.S. steel output rose significantly during the week ending April 6, 2019 from the previous week. This is in line with the latest weekly production statistics published by the American Iron and Steel Institute (AISI). In addition, weekly production remained marginally higher compared to the…
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South Korean steelmakers have declining revenues amid rising raw material pricesSouth Korea's steel industry is likely to see weak corporate earnings in the first quarter of this year due to rising commodity prices, falling steel prices and growing trade protectionism. According to corporate tracker FnGuide, market consensus shows that the nation's largest steel company…
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Prospects for Ukrainian metallurgical production for 2019According to forecasts, steel production in Ukraine will grow by 12.7% to 23.8 million tons. This is an ambitious task for the country's mining and metallurgical complex, for comparison, in 2018, steel production increased by 0.5%. The achievement of these results largely depends on the effective…
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China rebar contracts hit record high in seven and a half yearsChinese steel futures rose on Monday on the back of seasonal gains in demand, supporting steel prices, including iron ore, extending the record rally driven by concerns over supply cuts. The most active steel rebar construction contract on the Shanghai Futures Exchange rose as much as 4.8 percent…
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Tata Steel production volume increased by 46%Tata Steel's crude steel production increased 46%, peaking in the fourth quarter of fiscal 2019. Meanwhile, Tata Steel's European steel production rose 17% over the previous year. Tata Steel's India operations reported the highest steel production in Q4 of fiscal 2019, driven primarily by the…
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Mexico launches anti-dumping investigation on Chinese stainless steelThe Mexican government has decided to open an investigation into the alleged dumping of cold rolled stainless steel imports from China and Taiwan. These actions follow from a complaint from a local manufacturer and trader, Outokumpu Mexinox (OTK). Mexico's Minister of Economy noted that there is…
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ArcelorMittal Kryvyi Rih updated magnetic separation at Concentrator No. 2ArcelorMittal Kryvyi Rih has completed the modernization of the magnetic separation area at the second ore processing plant (ROF-2). The total cost of the investment project was UAH 63 million. In total, ROF-2 has five technological sections, each of which includes three stages of grinding…
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Steel sheet prices already reflect slower growth in the USUS economic growth may slow to 2.2% this year from 2.9% in 2018, reflecting weaker growth in private investment spending in non-residential premises, according to a report by S&P Global. Hot rolled steel prices in the United States have already declined 13.2% to $ 695 in Q1 2019 from $ 801 in Q1…
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Chinese steelmakers report declining profits in January-FebruaryIn China's steel industry, profits almost halved in the first two months of 2019 from a year earlier as production growth accelerated. According to the National Development and Reform Commission in the country, in January-February, the sector's profit was 29.6 billion yuan (about US $ 4.4 billion)…
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