Metallurgy news
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JSW Steel Prepares for Karnataka Iron Ore DeficitIndian state-owned NMDC is expected to raise iron ore prices at electronic auctions held in the state due to the suspension of production at one of its largest iron mines in Domalimal in Karnataka. The move could distort the operations of more than 20 small and medium-sized steel plants with an…
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Nippon Steel maintains lower pricesThe largest steel mill in Japan, Nippon Steel & Sumitomo Metal Corp, is poised for a weaker steel market in Asia because the escalating Sino-American trade war could reduce steel demand in China and Southeast Asia, the company's senior executive said. The biggest uncertainty is how steel demand and…
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Brazilian CSP Continues To Increase Its Heavy Plate Exports In OctoberPlate production at Brazilian Companhia Siderúrgica do Pecém (CSP) recorded a new record volume for 2018, reaching 284,620 tonnes in October, according to data released by the company. CSP plates were exported during this period to countries such as Czech Republic, Germany, Indonesia, Italy…
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Chinese group Sangang aims to increase capacityThe Chinese government-backed Fujian Sangang group acquired a bankrupt steel mill in western China, which would allow the company to expand its capacity later. The acquisition is part of a trend supported by the Chinese government to replace steel capacity between regions in the country to promote…
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ArcelorMittal Kryvyi Rih bought a new batch of BelAZPJSC "ArcelorMittal Kryvyi Rih" continues to receive supplies of new heavy-duty equipment from the company "BelAZ". The company recently purchased four new dump trucks with a carrying capacity of 136 tons, two irrigation machines and a bulldozer - UAH 162.5 million was allocated for their purchase…
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WTO investigation into US steel tariffs could take up to several yearsThe World Trade Organization (WTO) has decided to create panels to review tariffs imposed on steel and aluminum by the Trump administration. The WTO Dispute Settlement Body (DSB) has agreed to form groups to study this issue. Along with investigating the legality of the aforementioned tariffs, the…
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NSSMC Announces Factory OverhaulNippon Steel & Sumitomo Metal Corporation (NSSMC) has announced its decision to completely rebuild its railway wheel plant at its Osaka steel complex. The decision is in line with the theme set out in the 2020 Mid-Term Management Plan announced in March this year, which calls for strengthening the…
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Steel Tariffs Do Not Create New US JobsSteel tariffs imposed by Trump provide higher profits, as some domestic companies may expand operations to meet the additional demand created by tariffs, but this is unlikely to lead to significant employment growth. Since manufacturers have increased production efficiency to the point that a ton…
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Chinese steel company to build a plant in the PhilippinesChinese steel company Panhua Group Co Ltd has announced its decision to build a new integrated steel plant in the Philippines. The proposed project includes a port, an integrated steel plant with a capacity of 10 million tons, an industrial park and other processing facilities, which will be…
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Results of metallurgical enterprises of Ukraine in October and for 10 monthsMMC's performance indicators in October 2018 are as follows: Pig iron production amounted to 1.79 million tons, up 7% compared to September last year; Steel production remained at the level of the previous year and amounted to 1.79 million tons; Rolled steel output fell 2% to 1.53 million tonnes…
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