Metallurgy news
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Turkish exporters HRC maintain status quoTurkish export prices for hot rolled coil remained within the range desired by producers after resisting extremely low bids. Small tonnages were sold at these relatively high prices last week. After a significant price cut two weeks ago by one plant to fill the April books, and due to a weakening…
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Vale stops the Alegria mineBrazilian Vale has stopped operations at the Alegria iron mine at the Mariana complex in Minas Gerais, which could remove 10 million tonnes of iron ore from the global market annually. According to the world's largest iron ore producer, preventive measures were taken after a stress test failed to…
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POSCO and Hyundai Steel vie for leadership in steel for the hydrogen economySteel companies POSCO and Hyundai Steel are linking themselves to the hydrogen economy. The two companies are heading off in the metal separator business for hydrogen fuel cells as demand for hydrogen electric vehicles is expected to rise significantly in the future. Metal separators for hydrogen…
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American shareholders receive unheard-of dividends from coal minesUS coal companies have returned nearly $ 3.7 billion to shareholders in 12-month dividends and buybacks, and S&P Global Ratings expects more this year. This raises yields to unheard of levels, in some cases about nine times that of 10-year Treasuries. Revenues reflect the health of an industry that…
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Brazilian court orders Vale SA to cease operations at Dique III mineA Brazilian court in Nova Lima, Minas Gerais state ordered mining company Vale SA to cease operations at the Dique III iron ore complex. The company has received several court decisions related to mines that use dams like the one that collapsed in the city of Brumadinho in January, killing more…
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China sets anti-dumping duties on steel products of competitorsChina's Ministry of Commerce said it will introduce temporary anti-dumping measures from March 23 on stainless steel billets and hot rolled stainless steel sheets sourced from the European Union, Japan, South Korea and Indonesia. The ministry said it would collect taxes from companies such as…
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ArcelorMittal Kryvyi Rih started overhaul of blast furnacesOn March 18, an intensive overhaul began. Most of the repairs will be carried out in the first half of the year. The repair of blast furnace No. 6 will last six days and will be completed this weekend. The charging device and skips of the main lift will be replaced here, as well as air heaters and…
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Prices for billets in the CIS are stabilizingBids for billets from the LPG remain at around $ 460 /t in the Black Sea, but the plants for the April deals are open to negotiate small concessions. Most traders sit on hold, largely because the stagnation in prices last month has provided few trading opportunities. Russian manufacturers sold to…
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Steel consumption in India will grow by 7% in 2019JSPL's managing director said steel consumption in India is likely to grow by 7 percent in 2019. “If you look at India's steel use in 2018, it grew more than 8 percent. It is expected to increase by just over 7 percent in 2019. So the growth rate is lower, but the growth is pretty nice, ”Ansari…
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Stainless steel production demonstrates 5.5% annual growthStainless steel production statistics released by the International Stainless Steel Forum (ISSF) suggest a 5.5% increase in production throughout 2018. The annual output was 50.729 million tonnes (Mt), up from 48.081 million tonnes in 2017. All regions of the world reported an increase in…
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