Metallurgy news
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Asian steel companies to remain stable in 2019Overall profitability for Asian steelmakers will remain strong in 2019 despite softening demand, Moody's Investors Service said in a statement. In its latest report, the 2019 Asia Steel Outlook, Moody's said its outlook for the steel industry in Asia in 2019 was stable, based on an assessment of…
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ArcelorMittal Italia prepares for significant increase in productionArcelorMittal is investing 150 million euros ($ 169.6 million) in its northern Italian facilities in Cornigliano and Novi Ligure. Last week, CEO Matthieu Jehl said that starting in January, Ylva's North Italian facilities will increase production to 40,000 tonnes per month, or nearly 500,000 tonnes…
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Germany postpones decision to phase out coal until FebruaryGermany has postponed until February a decision on how quickly Europe's largest economy should phase out coal-fired power plants, and whether the government should compensate utilities and help regions that may face job losses. Since coal mines are the only truly domestic resource in a country…
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Leading steel producers in the first ten months of 2018The total steel output in the first ten months of this year amounted to 1.502 billion tons. This is up 4.7% from production of 1.434 billion tonnes for the corresponding ten-month period in 2017. Steel production data of the top ten producing countries in thousands of tonnes : 1.China 782458…
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Iron ore and steel prices fell in ChinaChina iron ore futures fell nearly 6 percent and steel prices fell to their lowest level in nearly five months on Monday, as concerns over weaker steel demand triggered a sell-off and coking coal and ore raw materials also fell sharply. Steel traders are not restocking on concerns that demand for…
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North American steel production up 5.5%Annual steel production in North America rose 5.5% in October this year over the same period last year, according to recent production statistics released by the World Steel Association (worldsteel). During the first ten months of this year, a 3.6% jump was recorded in the regional market. North…
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WTO decides to investigate US tariffs on steel and aluminumThe World Trade Organization (WTO) has agreed to set up teams within its Dispute Settlement Body (DSB) to decide whether US tariffs on steel and aluminum imports comply with WTO rules, a spokesman in Geneva said. China and the European Union (EU), along with Mexico, Norway, Russia, Canada and…
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China's iron and steel industry maintains robust growthThe Chinese metals industry maintained a robust pace of growth, posting notable increases in both operating income and profits from January to September. Statistics from the Ministry of Industry and Information Technology showed that the industry's total core operating income grew 14 percent…
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World Steel Association: October 2018 Steel Production Increases 5.8%World steel production from 64 countries reporting to the World Steel Association (worldsteel) was 156.6 million tonnes in October 2018, up 5.8% from October 2017. Steel production in China in October 2018 amounted to 82.6 million tons, which is 9.1% more than in October 2017. India produced 8.8…
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Ukraine in the world ranking of iron and steel producers for 10 months of 2018According to the Worldsteel World Organization, for 10 months of 2018, metallurgical enterprises of the countries of the world produced 1105.05 million tons of pig iron, of which 1,035.62 million tons by blast furnace method and 69.43 million tons by direct reduction. This is 2.13% higher than the…
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