Metallurgy news
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Russian iron ore exports decreased by 18% in the first half of 2018The main export destination for iron ore from Russia was Ukraine. Recent statistics released by the Russian Customs Committee show a significant decline in iron ore exports across the country during the first six months of 2018. Exports of steelmaking raw materials in the country amounted to 8.804…
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Steel output in Asia increased by 2.9%In August this year, the volume of steel production in Asia increased by 2.9%. China, the world's largest steel producing country, has reported a significant jump in production. India continued to try to surpass Japan to remain the second largest steel producer in the region and in the world…
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NLMK expands cooperation with transformer manufacturersRussian steelmaker NLMK Group signed long-term strategic partnership agreements with leading manufacturers of transformer components: Enpay (Turkey), KRYFS (India) and National Material Company (NMC, USA). The agreements mean that NLMK Group will regularly supply transformer steel from its…
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World steel production increased by 2.6%According to data published by the World Steel Association (worldsteel), the world produced 151.7 million tons of steel in August 2018, an increase of 2.6%. Steel production in China rose 2.7% from August last year to 80.3 million tonnes, while India produced 8.8 million tonnes, up 3.7% from August…
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Outotec mining company to exit IranFinnish mining company Outotec, a global leader in the supply of technical solutions for the mining and processing and metallurgical industries, will withdraw from Iran due to new US sanctions, a company spokeswoman said on Monday. Outoteс builds factories, manufactures equipment and offers…
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Results of rolled metal production in UkraineFor 8 months of 2018, the metallurgical sector of Ukraine produced 12.27 million tons of rolled metal, which is 4% higher compared to the same period in 2017. During the reporting period, about 10.1 million tons of rolled metal were exported, which is more than 82% of the total volume. This is…
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Steel tariffs receive overwhelming public support in the USA recent poll conducted on behalf of the Alliance of American Manufacturing, The Mellman Group, Inc., indicates that 63% of the 2018 electorate support Chinese tariffs or give them more time. The survey was conducted from August 28 to September 9, 2018. According to the survey, nearly 33% of…
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Tata Steel signs agreement to acquire steel business of Usha MartinTata Steel Limited announced that it has entered into a definitive agreement to acquire the steel business owned by Usha Martin Limited. The acquisition is part of the company's strategy to expand its range of rolled metal products. The deal relates to the acquisition of the steel business, which…
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Japanese steel production rises in AugustSteel production in Japan rose 0.9 percent in August from the previous year to 8.81 million tonnes, an industry body said Friday, which said it would resume production at factories located in areas where in July heavy rains were observed. Steel prices have surged on solid product growth from…
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Russia estimates its losses on steel and aluminum tariffsRussia estimates its losses on steel and aluminum tariffs Russia estimates its losses on US steel and aluminum tariffs at $ 600 million. In July, Russia asked the World Trade Organization (WTO) to consult with the United States on the duty imposed by Washington on steel and aluminum. Russia says US…
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