Metallurgy news
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AISI Welcomes Signing of New USMCA Trade AgreementAISI praised the hard work on the part of the US administration to reach a new trade agreement. The American Iron and Steel Institute (AISI) issued a statement in response to the formal signing of the United States of America, Mexico and Canada Agreement (USMCA). The official signing of the…
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World steel production from the beginning of the year to October grew by 4.7%Total steel production in 64 worldsteel countries closed at a significantly higher level in the first ten months of 2018 compared to the previous year. Production during this period increased by 4.7% compared to the previous year and amounted to 1.502 billion tons. This is compared to production of…
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Production results of metallurgists of Ukraine for November and 11 months of 2018In November 2018, metallurgical enterprises of Ukraine produced: • 1.695 million tonnes of pig iron, which is 5% lower than in October 2018; • 1.74 million tonnes of steel, down 2%; • 1.47 million tonnes of rolled products, down 4%. During 11 months of 2018, it was produced: • 18.78 million tons of…
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PJSC ArcelorMittal Kryvyi Rih presented an eco-monitoring system at Waste Air & Gas Management 2018Within the framework of the international exhibition of equipment and technologies for cleaning urban and industrial emissions, dust and gas treatment - Waste Air & Gas Management 2018 - Director of the Environmental Protection Department of ArcelorMittal Kryvyi Rih PJSC Liana Maksimenko shared her…
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Nucor announces acquisition of Mexican steel millNucor Corporation, the parent steel component manufacturer in Charlotte, North Carolina, has announced its decision to expand its presence in Mexico through a new acquisition. In a press release, the company announced the acquisition of the steel company Corporacion POK, SA de CV (POK). Commenting…
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Baowu Group launches a project with a production capacity of 20 million tons per yearA Chinese steel company begins construction of a 20 million ton high-grade steel plant in a coastal city in eastern China. The move comes when the government relocates coastal steel mills from cities to help reduce air pollution. The new project will be located in Yancheng City in the central…
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Turkish rebar exports rise to 3-year highExports of Turkish reinforcing bars increased 85% year on year in October to 754,447 tonnes, the highest monthly tonnage since February 2015, according to the Turkish Statistical Institute (TUIK). Their average cost was USD 514.4 per tonne against USD 517.6 per tonne in October 2017. The huge jump…
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Steel trade hinges on U.S.-China tensionsThe US administration may want to ease its tariffs on steel trading, but countries in Europe and beyond are reluctant to reduce the protection of their metallurgists as long as the complicated trade relationship between the US and China prevails. After the U.S. sold 25 percent of tariffs on all…
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ArcelorMittal invests in new Paradip steel plant in IndiaArcelorMittal's Luxembourg headquarters have announced plans to build a new steel plant in India. The proposed plant will be built at Paradip, a major maritime city in the state of Odisha. It is expected that the plant will be able to have a production capacity of 3-6 million tons per year. The…
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Lower metal prices pose risks for Indian producersWhen metal prices fall, steelmakers suffer the most. They earn less for every ton of metal sold, resulting in lower profitability and lower cash flows. Some Indian producers have acquired distressed steel assets at relatively high levels. While this was done ostensibly for long-term profit, the…
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