Metallurgy news
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Top steel producing countries in September 2018Global steel production totaled 151.711 million tonnes in September 2018, up from 145.280 million tonnes in the same month a year earlier. The growth in steel production was primarily driven by China, whose production volume compared to the previous year was 7.5%. Chinese production accounted for…
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POSCO leads the world in the thickest boardPOSCO produces 700mm slabs with the "PosMC Machine" developed by the Korean giant in June this year. Slabs are semi-finished rectangular products used as material for hot rolled steel sheets or heavy sheets. It is believed that the thicker the slab, the more difficult it is to manufacture. The…
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Spain will close the majority of coal mines by the end of 2018Spain intends to close most of its coal mines by the end of this year after the government and unions reached an agreement that in the next ten years will provide investment in the mining regions in the amount of 250 million euros. The new administration of Pedro Sanchez quickly moved on…
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US steel imports may fall by more than 9% in 2018Estimates provided by the American Iron and Steel Institute (AISI) indicate that in 2018, compared with the previous year, the total steel in the country will fall by 8.5% - 9.4%. Imports of finished steel from Turkey are likely to will decline the most, falling nearly 41% over the previous year…
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Results of Ukrainian production and consumption of rolled metal products for 9 months of 2018During 9 months of 2018, metallurgical enterprises of Ukraine produced 13.83 million tons of rolled metal, which is 3% higher compared to the corresponding period of 2017. Of this volume, about 11.22 million tons were exported, which is 81.1%. For the same period last year, the share of exports…
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Teck Resources: Adjusted Profit Falls On Low Raw Material PricesCanada's largest diversified miner, Teck Resources Ltd, said Thursday that its third-quarter adjusted profit fell 23% due to falling prices for its main products. Teck, the world's second largest exporter of steel coal, reported adjusted earnings fell to CAD 466 million (about $ 357.6 million) or $…
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Digital transformation: Metinvest creates an IT companyThe Metinvest Group continues the systemic transformation of its IT function. In September of this year, a new company was established - Metinvest Digital LLC. The work of this IT company will be organized taking into account the best digital business practices. Metinvest Digital will fulfill the…
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Why is the US concerned about steel imports from ChinaThe declining competitiveness of the US steel industry is undeniable. But this is due to shrinking domestic demand, rising production costs in the United States and slow technological modernization. It seems that the United States has deliberately chosen to blame China for the disasters in the…
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Steel production in the Asian region grew by 5.9%The latest production statistics released by the World Steel Association (wordsteel) show a significant jump in crude steel production by Asian countries during September this year. In September 18th, Asian crude steel production was 107.841 million tonnes, up 5.9% over the same period last year…
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ArcelorMittal ready to launch Ilva despite threats to steel demandItaly's budget disputes with the EU, Brexit's potential inaction and trade tensions stifling economic growth are major threats to steel demand growth in Europe. So says the head of ArcelorMittal Flat Steel Europe. Despite a slowdown in the forecast for 2019, steel production in the EU is still at a…
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