Metallurgy news
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China will continue to move towards quality iron oreBHP Billiton Ltd, the world's largest miner, predicts reforms in China's steel sector that will continue to favor suppliers of high-quality iron ore and coking coal as steel consumption continues to rise over the next decade. “This has led and is driving a constant demand for high quality raw…
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ArcelorMittal Buy IlvaThe Italian government is trying to keep the Ilva steel mill alive. They have been looking for a new owner for several years. The problem was the cost of modernization that the plant had to go through in order for it to continue to function. However, the local authorities wanted to close the plant…
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Steel exporters oppose the USThere is growing opposition to the steel and aluminum tariffs imposed by US President Donald Trump in March. India, the world's 10th largest steel exporter by value, is considering countermeasures, including the possibility of challenging US actions in the World Trade Organization. Meanwhile…
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In 2017, the EU increased its CO2 emissionsLast year, the EU increased its CO2 emissions from burning fossil fuels by 1.8 percent. The European Commission announced that it will propose a long-term strategy to reduce greenhouse gas emissions. Only seven countries cut their carbon footprint from fossil fuels last year: Finland (-5.9…
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Steel production growth in India slows downIn India, steel production increased 4.5% to 102.34 Mt in the 2017-18 fiscal year ended March 31, reflecting slower growth from a year earlier. While steel output increased 8.5% in 2016-17 after higher anti-dumping duties on sheet steel products curbed imports and helped mills boost domestic sales…
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Growth in demand for rolled metal products in China is expectedThe China Purchasing Managers Index, or PMI, rose 1.1 basis points in April from March to 51.7, according to the latest statement from the CFLP Steel Logistics Professional Committee's index compiler. The index holds above 50 points for the second month in a row. The April index shows that China's…
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The management of ArcelorMittal Kryvyi Rih has been negotiating with representatives of the labor collective for almost a dayNegotiations on the settlement of disagreements between the management of ArcelorMittal Kryvyi Rih and representatives of the labor collective began on May 3 at 14-00 and as of 9-00 on May 4 were not completed. We were informed about this in the press service of ArcelorMittal Kryvyi Rih, stressing…
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Operational indicators of the MMC of Ukraine in April and 4 months of 2018According to the operational data of Ukrmetallurgprom, in April 2018, metallurgical enterprises of Ukraine produced: pig iron 1.64 million tons (98% versus March 2018), steel 1.69 million tons (99%), rolled stock 1.48 million tons (98%). A slight decrease in the production of main types of products…
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Vietnamese steel imports in January-April fell by 6.4%Vietnam imported over 4.2 million tonnes of steel and pig iron for a total of about $ 3 billion between January and April, up 24.6% from 6.4% year-over-year, according to data General Directorate of Customs of Vietnam. In four months, all steel mills in Vietnam produced 3.2 million tons of…
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Excessive supply of rolled metal in the EU will be balanced in 2018While growth and imports of domestic production are increasingly outstripping exports, the latest forecast by the World Steel Association, published in April, suggests that EU demand will grow 2% in 2018 to 165.6 million tonnes, and there will be a decline in supply. if current levels of production…
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