Metallurgy news
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ArcelorMittal Kryvyi Rih implements new contracts for energy infrastructureArcelorMittal Kryvyi Rih will continue to modernize its strategic energy infrastructure: the company recently signed several contracts. One of them is the delivery of a new cooling tower 16B. It is needed to cool the water in the circulating cycle of water supply to CHPP-2, blast furnaces No. 7, 8…
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US anti-dumping duty lifted for Hyundai SteelThe second largest South Korean steel mill, Hyundai Steel, said the US Department of Commerce recently decided to lift its anti-dumping duty on steel sheets. In 2015, the Department of Commerce launched an investigation into the sale of corrosion-resistant steel products from South Korea and other…
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US steel production up 5.7% over the weekWeekly production statistics released by the American Institute of Iron and Steel (AISI) indicate significant growth in U.S. steel production during the week ending March 16, 2019. Weekly production was 1,930 million tonnes, up 5.7% from the corresponding week in 2018. Capacity utilization at US…
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Iranian finished steel production continues to rise in FebruaryIranian finished steel production increased 8% year on year in the 11 months to Feb 19 to 19.6 million tonnes. Production of hot-rolled flat products in 11 months increased by 3% to 7.28 million tonnes, while production of rebar increased by 24% to 7.1 million tonnes. Cold-rolled steel production…
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ArcelorMittal Kryvyi Rih will start construction of a tube furnaceArcelorMittal Kryvyi Rih presented at public hearings reports on environmental impact assessment for two investment projects - reconstruction of the complex of buildings and structures of sintering machines No. 1–3 of the second sinter plant and construction of a tube furnace in the benzene section…
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Vietnamese manufacturers increase steel sheet exports to EUAt the end of last week, steelmaker Hoa Sen Group (HSG) exported 15,000 tonnes of steel sheets to the UK, Germany and Italy. The steel sheets were exported from the Hoa Sen Phú Mỹ factory in the southern province of Ba-Ri-Wong Tau. The company also announced the opening of a new factory for the…
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Reducing VAT in China will lead to increased demand for steelChina's announcement that April 1 will be the date for the introduction of a value-added tax cut aimed at stimulating manufacturing activity and reducing production costs for companies has generated a positive reaction from commodity market participants. Beijing unveiled a stimulus policy on March…
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Russia disputes EU anti-dumping dutiesThe Russian Ministry of Economy and Trade has requested the creation of an arbitration panel at the World Trade Organization to consider EU anti-dumping measures on imports of cold rolled coil products, Callanish said from official reports. The ministry requested the creation of a commission on…
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There is a fight against illegal mining in the AmazonThe consequences of illegal mining in the Peruvian Amazon are dire. Peruvian President Martin Viscarra has shared a video on his social media where he announces that the authorities will be permanently present in the Amazon to protect against the development of illegal mining. Earlier that year…
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Euro Pricing May Delay European LME Steel Contract Until 2020According to industry sources, the London Metal Exchange's plans to launch a European steel contract will be delayed until next year because the industry wants the price to be in euros, which the exchange's clearing house cannot handle. The LME launched a number of cash-settled futures contracts…
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