Metallurgy news
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ArcelorMittal Kryvyi Rih solves environmental problemsPJSC "ArcelorMittal Kryvyi Rih" took part in the all-Ukrainian forum of industrial cities Kryvyi Rih GREEN Strategy, which brought together environmental activists, representatives of enterprises and public associations, city and regional officials, speakers from the Ministry of Ecology and Natural…
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Major Chinese firm to invest $ 4.4bn in Philippines steel projectHBIS Group Co. Ltd., one of the largest steel companies in China, together with Huili Investment Fund Management Co. Ltd., Steel Asia Manufacturing Corp. and PHIVIDEC Industrial Authority, signed on Friday an agreement to build a $ 4.4 billion integrated steel complex in the eastern province of…
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Tokyo Steel will maintain January prices amid a weakening overseas marketTokyo Steel Manufacturing, Japan's top electric arc steel producer, said Monday that steel product prices will remain stable in January next year despite declining prices in overseas markets. The company raised prices for its heavy slabs in December by 2.5 percent due to tighter market conditions…
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US Steel Billet Exports Up 19%Exports of various steel billets from the United States in October increased by 18.88% to $ 585.71 million. This is in line with the latest US trade statistics. In the first ten months of 2017, the country exported only $ 492.69 million worth of steel ingots. Exports in 2018 already exceeded…
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China's steel production fell 6% month-on-month in November with 11% year-on-year growthChina's crude steel production in November fell 6% from October to 77.62 million tonnes, but rose 10.8% year-on-year, according to data released by the National Bureau of Statistics. The annual growth rate also rose from 9.1% in October. The drop in steel production in November was the result of a…
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Chinese steel demand to drop 2.4% in 2019The China Metallurgical Planning and Research Institute (MPI) predicts a 201% decline in overall steel demand in the country in 2019. Demand is likely to drop to around 800 million tonnes (tons). The projected decrease in steel demand in China will lead to an overall decrease in Asian demand by…
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India aims to produce 300 million steelIndia recently became the second largest steel producer, ahead of Japan. The government's goal now is to produce 300 million tonnes (of steel) by 2030 from about 100 million tonnes at present. Increased production means there must be an increase in demand, ”said D Datta, AGM, Institute for Steel…
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Results of MMC of Ukraine in November and for 11 months of 2018Comparative indicators of production of mining enterprises of Ukraine in November 2018: - pig iron - 1.64 million tons, which is 8% lower compared to October 2018; - steel - 1.66 million tons, down 7%; - rolled stock - 1.48 million tons, down 3%. The decrease in the production level in November…
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Impact of US tariffs on the economyA recent study published by the Economic Policy Institute found that US steel and aluminum tariffs did not hurt the economy or resulted in serious job losses. The study noted that there is no evidence of widespread negative economic impact from the high steel and aluminum tariffs imposed by the…
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Steel prices in China increase losses due to slowdown in demandChinese steel futures fell for the third straight session on fears of weaker demand next year as prices for steel raw materials, coking coal and coke retreat. Highlighting weak consumption, leading steel mill Baoshan Iron & Steel Co Ltd said Monday it will cut prices for its key products for…
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