Metallurgy news
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Mine tragedy in BrazilThe death toll has risen to 121 after a dam burst at the Corrego do Feijao iron ore mine in the state of Minas Gerais in Brazil, emergency services said on Saturday, February 2. At the moment, 226 people are considered missing. The failure of the dam near Brumadinho in eastern Brazil occurred on…
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Crude steel production in Europe declined in 2018In 2018, the top five steel producing countries in the region were Germany, Italy, France, Spain and Poland. European crude steel production reported a slight decline during 2018. Domestic production for the year was 168.072 million tonnes, according to the World Steel Association (worldsteel)…
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ArcelorMittal raises European flat steel pricesSteel producer ArcelorMittal in Europe has raised flat steel prices by EUR 30 per tonne. The ArcelorMittal chief confirmed the increase will be immediate. “We are confident in what we see at the international level,” said the executive director. “Asia is raising prices, imports are increasing, and…
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India overtook Japan in steel productionThe World Steel Association's updated analysis of steel production by country showed India to overtake Japan as the world's second largest steel producing country. India's neighbor, China, continues to be the largest steel producer, accounting for over 51% of global production. While global crude…
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Results of production of MMC of Ukraine for January 2019In January 2019, metallurgical enterprises of Ukraine, according to preliminary estimates, produced 1.75 million tons of pig iron, which is 0.5% lower compared to December 2018; 1.82 million tonnes of steel, down 0.4% compared to December 2018; 1.57 million tons of rolled metal, which is 3% higher…
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India becomes top DRI producing country in 2018DRI production in the countries of the world increased slightly in the month of December last year. India became the largest DRI producer within a year, according to DRI production statistics published by the World Steel Association (worldsteel). This is followed by Iran and Mexico. DRI production…
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Production and consumption of rolled metal in Ukraine in 2018For 12 months of 2018, Ukrainian metallurgical enterprises produced 18.36 million tons of rolled metal (100.2% compared to the same period in 2017, taking into account the activity in January-February 2017 of capacities on tubing, or 103% without taking them into account), of which about 14.42…
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Prices for Italian rolled metal collapsedThe Italian slab market is "... paralyzed" and is affected by low demand, uncertainty and falling prices on the domestic market. Domestic board prices are down € 40 /t ($ 45.9 /t) compared to early January. However, there is a large gap between the price of the distribution sector and the prices of…
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EC announced protective measures against imports of rolled metalThe European Commission (EC), represented by the Directorate General for Trade, has officially informed the Ukrainian Delegation to the EU about the protective measures regarding the import of rolled metal products, which will come into force on February 2, 2019 and will be valid until June 30…
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Hyundai Steel performs wellSales of steel products from Hyundai Steel remain strong despite a slow domestic construction market, Eugene Investment and Securities noted on December 27, supporting a buy recommendation and a target price of 55,000 won (US $ 49.01). Revenue in the fourth quarter will grow 79% year-on-year to…
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