Metallurgy news
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Concrete or steel to build a wall on the Mexican border?President Barack Obama is said to have proposed this wall 10 years ago, and the idea of building the wall has been around for at least 200 years. Illegal immigration has always been a problem. Then the smart leaders saw the problem, discussed it, and worked to solve it. The idea of a wall is…
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Vale forced to cut iron ore exports afterBrazilian iron ore producer Vale will prioritize domestic steel producers over export customers in supplying pellets and other iron ores following a shutdown at some of its mines following the collapse of the Corrego do Feijo Dam in the southern system. Steelmaker Voestalpine said Thursday that it…
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ArcelorMittal predicts increased steel demand for fiscal 2019ArcelorMittal, the world's leading integrated metals and mining company, announced financial results for the last quarter and year ended December 31, 2018. Operating profit for the full 2018 fiscal year was up 20.3% year-on-year to $ 6.5 billion. EBITDA also rose 22.1% to $ 10.3 billion…
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US steel imports fell 11%The American Iron and Steel Institute (AISI) reported a marked reduction in steel imports to the country during 2018. Imports recorded a sharp decline of 11% over the previous year. According to the latest data, the country's steel imports amounted to 31.834 million tons, of which 24.016 million…
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Indian Steel Exports Grow 16.7% In 2017-18Exports of finished steel products from the country increased by 16.7% to 9.62 million tonnes in 2017-18, including 8.73 million tonnes of unalloyed steels and 0.89 million tonnes of alloy /stainless steels. India exported 8.25 million tonnes of finished steel, including 7.59 million tonnes of…
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Sales results of ArcelorMittal Kryvyi Rih in 2018In 2018, sales of metal products manufactured by ArcelorMittal Kryvyi Rih amounted to 4.5 million tonnes. Of these, 65% are finished products (rebar, wire rod and grade), the share of square billets decreased by 2% compared to 2017 - from 29% to 27%, and cast iron increased to 9% (+ 2%). In 2018…
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EU tries to force UK to charge VAT on metals and commodities tradeAction by the European Commission to have Britain levy value added tax on trading platforms such as ICE Futures Europe, London Platinum and Palladium Market (LPPM) and London Metal Exchange (LME). The Commission has been reviewing a zero-rate VAT on derivatives trading in the UK for several years…
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Steelworkers strike in GermanyAbout 1,400 workers in the North Rhine-Westphalia steel industry took part in a warning strike on Tuesday with the announcement of the next strike, which will be followed by further protests, said the German metallurgical union IG Metall. Work was interrupted at nine metallurgical plants owned by…
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In Russia, prices for iron ore pellets increased in SeverstalRussian mining and metals group Severstal said iron ore pellet prices rose in the fourth quarter and production fell to 2.94 million tons from 3.3 million tons a year earlier. Severstal iron ore pellet sales averaged $ 101 /t in the fourth quarter, up from $ 73 /t in the fourth quarter of 2017 and…
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Merkel pledges support for 2038 coal phase-out deadlineGerman Chancellor Angela Merkel said on Tuesday that her country will stop producing electricity from coal by 2038, showing its support within the timeframe recommended by a government-appointed commission. The so-called coal commission said last month that Germany must close all of its coal-fired…
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