Metallurgy news
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In the structure of exports of Donetsk region 82% ferrous metalsItaly is in first place in terms of export destinations from the Donetsk region, the Russian Federation is in second, and the United States is in third. In the commodity structure of exports of Donetsk region in 2018, 81.6% accounted for ferrous metals. As reported on Friday in Main Department of…
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Impact of Tampa Tariffs Discussed at US Steel ConferencesMarket participants in Steel announced their benefits and challenges with the US Section 232 tariffs in panel discussions Wednesday at Tampa Steel's 30th Annual Conference. “The steel trade administration’s policy is working,” said Philip Bell, president of the Steel Producers Association. Bell…
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Iron ore futures in China rise amid speculation in the marketIron ore futures in China fell for a second straight session on Wednesday, as the market expected clarity on the extent of the supply disruption following Vale SA's dam closure. Steel prices also fell, with the most active rebar contract ending on day two, as concerns over weak demand in China…
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EU significantly reduced quotas for the supply of valves to TurkeyTurkish rebar exports to the EU could be cut by 60% as a result of protective quotas, according to Namik Ekinci, chairman of Turkey's Steel Federation. Turkish factories have reduced the utilization of their valve production facilities due to reduced demand in the Middle East and the United States…
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Vale iron ore mine disaster negatively impacts Chinese factoriesChinese steel mills may be forced to change their way of working as a result of reduced availability of higher grades of iron ore following the collapse of a dam at a mine owned by Brazil's Vale. The exact implications for the supply of iron ore and China's huge steel sector from the Corrego do…
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Dneprospetsstal: production results in January 2019In January 2019, PrJSC Electrometallurgical Plant Dneprospetsstal named after A.N. Kuzmina ”delivered 14,548 tons of steel, which is 19.9% less than last month. During the same period, the Company produced 11,441 tons of rolled metal, which is 3.8% less than in December 2018. The total cost of…
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Interpipe increased sales by 12% in 2018In 2018, the Ukrainian industrial company Interpipe increased sales of pipe and railway products in tons by 11.7%, demonstrating the best result over the past five years. Growth is noted across all types of products and in all key sales regions. The total sales volume reached 857 thousand tons. The…
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US Steel resumes construction of its electric arc furnace at FairfieldUS Steel in Pittsburgh has announced the resumption of construction work on a state of the art electric arc furnace (EAF) at its steel mill in Fairfield, Alabama. The company resumed construction on EAF in March 2015, but suspended work by December 2015 due to unfavorable market conditions. Very…
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Indian steel production drops 4% to 8.99 million tonnes in JanuaryIndia's crude steel production fell 3.84 percent in January 2019 to 8.995 million tonnes, according to the Ministry of Steel (JPC). The drop is reported after the World Steel Association (worldsteel) recently announced that India had replaced Japan as the second largest steel producing country in…
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Steel billet prices in the CIS continue to riseBillet prices in the CIS continue to rise, reaching $ 450 per tonne via the Black Sea for closed deals, with major producers currently supplying $ 450-460 per tonne on FOB terms. The Russian company sold a billet vessel to the Middle East at this level, the first in several months, indicating that…
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