Metallurgy news
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Turkish company Ulus Metal invests in the economic zone in PolandThe Turkish Ulus Meta, l engaged in the production of metal products for the needs of the automotive industry, bought an object in Poland in the economic zone in Zabrze. This will be another investor in the automotive industry who has bought land in the Regional Park. One of the previous purchases…
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BFI Global Exit Reaches High Level in 2017Full production statistics for 2017 released by the World Steel Association point to marginal growth in blast furnace iron (BFI) production during the year compared to a year earlier. Global BFI output recovered to just over 1% in 2017. Production increased from 1.162 billion tonnes in 2016 to…
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The European Parliament will vote to increase the price of CO2 emissionsAt the plenary meeting of the European Parliament in Strasbourg on Tuesday 6 February, MPs will vote, in particular on the reform of the CO2 emissions trading system (EU ETS). The changes should lead, in particular, to an increase in the price of CO2 emissions. Supporters of CO2 trading reform note…
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Production results of metallurgical enterprises of Ukraine for January 2016During January 2018, 1.94 million tons of pig iron were produced in Ukraine, which is 2% more than in December 2017; produced 1.9 million tons of steel, which is 0.5% higher and 1.68 million tons of rolled metal, which is 1% lower than the previous month. For the first month of 2018, in comparison…
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China's Restrictions Hit Smaller Steel ProducersChinese authorities 'winter restrictions on steel production in the northeast and broader efforts to curb carbon emissions are temporarily reducing steel companies' sales, but the impact on profits will be offset in part by higher prices and margins, Fitch Ratings said. Smaller steelmakers are…
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Strong growth in global stainless steel production expectedAnnual production of high quality stainless steel is estimated at 48 million tonnes in 2017, up 4.9 percent year on year. MEPS predicts further growth in global turnover by almost 5 percent in 2018 to a new high of 50.3 million tonnes. Recently released official data for Chinese production was…
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Kryvyi Rih Mining and Metallurgical Plant increased capital investments in 2017At the end of 2017, the plant of PJSC ArcelorMittal Kryvyi Rih increased capital investments by 41.7% at an annual level - to UAH 6.8 billion from UAH 4.8 billion. In 2018, the company intends to allocate UAH 7.7 billion for capital investments. The company's operating costs in 2017 increased by…
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Hot rolled steel prices continue to rise in the USHot rolled steel prices in the US rose as early as Wednesday, as prices continue to rise at US mills, according to market sources. The demand for hot rolled steel (HRC) is strong, but there are currently enough trade measures to scare most importers from the US market. With strong demand from the…
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Steel and iron ore contracts recover in priceChinese steel futures were higher on Friday, while news that China's largest steel city is looking to expand production after winter ends, even as the government says it has no plans. China has ordered steel mills to cut production in half from November 15 to March 15 as part of the country's…
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ArcelorMittal says profit more than doubled in 2017Global steel giant ArcelorMittal said Wednesday, January 31st, that its net profit more than doubled last year as the global steel market grew. The company said in a statement that its net income was $ 4.6 billion, up from $ 1.8 billion a year earlier. Underlying or operating income jumped 30% to $…
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