Metallurgy news
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Turkish billet manufacturers maintain optimismTurkish billet exporters remain optimistic, keeping offers in the range of USD 450-460 per tonne for Turkey grade. However, as traders say, competition from European suppliers in their traditional markets is too high and this could lead to lower prices. Competition from European factories in North…
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US No Longer Needs Inappropriate Metals Tariffs As NAFTA Negotiating TacticRatifying the new North American trade pact will need to address the trade issues that have plagued Foreign Minister Christia Freeland's trip to the NATO summit in Washington. Whether it is the Trump administration's "improper" imposition of metal tariffs as leverage in the controversial…
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ArcelorMittal Kryvyi Rih purchased a special coke extinguishing wagonThe new quenching car will be used at the block of coke oven batteries No. 3–4, the reconstruction of which was carried out in 2007–2008. Three such cars are used here. They are designed to receive red-hot coke discharged from a coke oven. After quenching with water, cooling and removing moisture…
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Automotive sector could be the main driver of steel demand recovery in BrazilThe automotive sector could be the main driver of any recovery in steel demand in Brazil if the construction sector does not pick up steam, said Diego Ocampo, Senior Director and Specialist for Hard Industries Latin America. “We have a positive view on the automotive market and could be one of the…
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EU opposes India's attempt to include additional steel products under BIS quality controlIn a notification to the World Trade Organization (WTO), India intends to include more steel and stainless steel products in its quality control system. Previous attempts to do so have generated a lot of protest from various member states, especially from the EU region. According to government…
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Australian miners assess damage after cycloneAustralian miners BHP and Rio Tinto analyzed the impact of Cyclone Veronica, which disrupted operations after it hit the Pilbara coast in Western Australia last week. Both companies lowered their annual iron ore production by millions of tons. On Monday, Rio Tinto estimated a production loss of 14…
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SAIL records highest crude steel production in fiscal 19Steel Authority of India Ltd said Wednesday that it produced 16.3 million tonnes of crude steel for the current fiscal year ended March 31, the best steel sales in the company's history. Total steel shipments from SAIL were the highest ever at 14.86 million tonnes during fiscal 2019 due to a…
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China Steel Profit Increases In March Amid Rising Export PricesIn March, exports of Chinese rolled metal products increased, while steel prices in China continued to recover. In March, the export price of hot rolled steel (HRC) averaged $ 267.50 /t, which is 7% more than in February. Domestic and export prices for Chinese steel rebounded from lows in December…
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Asian demand drives global steel production growthRecently, the World Steel Association (WSA) revised its steel consumption projections for the region and these figures were officially announced at the April 2019 meeting. Global demand for finished steel in 2018 amounted to 1,711.6 million tonnes, while this year it is projected at 1,734 million…
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Nippon Steel aims to be the world's best steel producerNippon Steel has completed the acquisition of 51% of the common shares of Sanyo Special Steel Co., Ltd., making it a subsidiary. In addition, it acquired all of the shares in Ovako AB, Sweden's leading specialty steel producer. Ovako is now a subsidiary of Sanyo Special Steel. By integrating steel…
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