Metallurgy news
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Russian steel producer reaps the benefits of innovative investmentIn 2018, the Russian steel plant Magnitogorsk Iron and Steel Works (MMK) invested about RUB 500 million in energy efficiency initiatives. According to MMK, one of the key instruments for improving energy efficiency is "the development and implementation of a platform for innovative proposals." This…
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Global coal supply may not cover demand in the coming yearsGlobal demand for thermal coal is expected to increase in the coming years, but whether there will be a supply to meet its needs remains questionable, group members told CERAWeek from IHS Markit. The main problem is the lack of investment in new field development projects for a number of reasons…
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Steel Dynamics Selects Site for New Steel Rolling MillSteel Dynamics, Inc. (SDI) has yet to make a final decision on where its new flat rolling mill will be located. The company announced plans to build a new $ 1.8 billion steel mill in the Southwest United States. Several potential locations are being considered, including San Patricio County…
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ArcelorMittal Kryvyi Rih raises wages to its employeesArcelorMittal Kryvyi Rih, the largest enterprise in the mining and metallurgical complex of Ukraine, has been raising the salaries of all its employees and employees of its subsidiaries by an average of 15% since May 1, and up to 20% for certain professions. Last year ArcelorMittal Kryvyi Rih…
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Falling consumer demand may curb India's steel production boomAfter a weak January result, steel production in India rose in February, up 5.7% from a year earlier. Joint production committee data compiled by SBICAP Securities Ltd also show healthy growth in steel demand, with consumption increasing 8.6% last month. However, amid growing evidence of declining…
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Interpipe is one of the largest payers of taxes and fees in 2018Throughout 2018, the Ukrainian industrial company INTERPIPE transferred UAH 2.17 billion to the budgets of all levels and off-budget funds. Compared to 2017, the volume of tax payments increased by 14.8%. The amount of deductions to the state budget amounted to about UAH 1.334 billion, to local…
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Head of Liberty Steel USA on the negative impact of steel tariffsUS Section 232 tariffs on US steel imports were introduced last year to support US steel producers, but tariffs are not necessarily a good long-term solution for the industry, Liberty Steel Holdings USA President Vikrant Sharma said Thursday. Freight logistics is "one of the biggest problems in the…
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Iranian steel exports continued to fall in FebruaryIran's major Iranian steel companies reported a 51% month-on-month decline in exports from Feb.19 to 373,888 tons. In the 11 months to 19 February, these exports fell 22% year on year to 5.1 million tonnes. Iran's largest steel exporter, Khouzestan Steel, said monthly overseas shipments fell 43% to…
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China's steel production in January-February increased since December 2018China's daily steel production surged in January and February as the world's largest steelmaker's mills boosted production amid stable steel margins and eased environmental restrictions. The average daily steel output for the two months reached 2.54 million tons, compared with 2.46 million tons in…
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Production results of the metallurgical sector of Ukraine since the beginning of 2019General performance indicators of enterprises of the MMC of Ukraine in February and for 2 months of 2019: In February 2019, it was produced: - pig iron - 1.59 million tons, which is 11% lower compared to January 2019; - steel - 1.69 million tons, which is 9% lower; - rolled products - 1.48 million…
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