Metallurgy news
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New rebar line starts operations in MexicoRamos Arizpe Mexico plant announces the successful launch of a new line built by leading Italian equipment manufacturer Danieli. In a press release, the company noted that 500,000 tonnes of rebar per year will be produced on the new line. The rolling mill reached almost 70% of its maximum capacity…
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Russia estimates its losses on steel and aluminum tariffsRussia 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 duties of 25% and 10% on steel and aluminum imports…
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Turkey takes protective measures against rolled metal importsTurkey has decided to introduce preliminary tariffs for rolled metal imported to the Turkish market, regardless of its origin. A certain tariff quota is assumed, above which imported rolled metal products are subject to a duty of 25%. The preliminary measure will be in effect for 200 days from the…
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Paramjit Kalon named the main reasons affecting the investment climate in UkraineAt the conference of the European Business Association (EBA) in Kiev, the General Director of PJSC ArcelorMittal Kryvyi Rih and member of the EBA Management Board, Paramjit Kalon, named five main challenges that, in his opinion, foreign investors face in Ukraine. The first thing that is necessary…
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South Korea imposes duties on imported stainless steel productsSouth Korea's trade commission said Thursday that it has imposed preliminary anti-dumping duties on stainless steel rods from Taiwan and Italy, saying cheap imports have seriously damaged the domestic industry. The Korea Trade Commission under the Ministry of Commerce said it would recommend that…
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Trump says he wants to protect steelmakers. Why are they unhappy?Thanks to tariffs, US steel prices are up 30 percent this year. Major steelmakers such as US Steel are set to post $ 2 billion in profit in 2018, having lost $ 1.7 billion over the past three years. With the corporate tax rate recently slashed from 35 percent to 21 percent, steelmakers are set to…
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ArcelorMittal ready to sell three Italian steel millsThe acquisition of Ilva's assets was conditionally approved by the EU in early May, subject to the divestiture of certain assets, the Italian authorities later postponed the takeover. Although, initially it was expected that the deal will be completed by the end of the second quarter of this year…
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Metinvest has developed software that helps it save $ 20 million annuallyIn the summer of 2011, Metinvest began digital transformation and implementation of the SAP platform (Systems, Applications and Products in Data Processing. Systems, Applications, Products for Data Processing). The company did not limit itself to automating processes through standard applications…
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A worker was fatally injured at the Zaporozhye iron ore plantOn September 20, 2018, at the mine "Operational" of the PJSC "Zaporozhye Iron Ore Plant", there was a sudden detachment of the rock mass from the roof of the mine at the horizon of 873 meters, which injured an employee of the enterprise born in 1979. According to the press service of the plant, the…
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Production of iron ore concentrate in Iran is growingAccording to a report by the Iranian Ministry of Mines and Reconstruction (IMIDRO), production of iron ore concentrate in Iran increased by 19 percent in the first five months of the current Iranian calendar year (starting March 21) compared to the same period last year. Iran produced 18.42 million…
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