Metallurgy news
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EU steel mills raise pricesAt the end of July, steel prices began to rise as customers ordered steel to replenish stocks in order to increase supplies after the summer break. Growth in Northern Europe was rather modest, while in Italy and Spain it was more pronounced. The market was relatively calm in August due to the…
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PJSC "ArcelorMittal Kryvyi Rih" modernizes the energy infrastructure of the enterprisePJSC ArcelorMittal Kryvyi Rih has built a new blast-furnace gas pipeline with a length of more than one kilometer and a cost of over UAH 134 million. Now the commissioning and transfer to the balance sheet are being completed, after which the gas pipeline will be put into operation. The new gas…
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Global steel production to grow amid slowing consumption - FitchFitch expects the global steel market surplus to average 700,000 tonnes from 2018 to 2027, compared with an average deficit of 1.9 million tonnes from 2013 to 2017. Global output growth will remain positive, up 1.9% this year, albeit at a slower pace than output growth from 2016 to 2017. China will…
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POSCO Daewoo enters the global automotive steel marketPOSCO Daewoo intends to strengthen its position in the global market for advanced steel sheets for the automotive industry in partnership with a Korean auto parts manufacturer. POSCO Daewoo aims to break away from the simple trading business and build a long-term growth base by strengthening its…
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British Steel will eliminate nearly 10 percent of the workforceBritish steelmaker British Steel has announced the elimination of 400 jobs. A company that employs 5,000 people, explaining to people this process by "reducing" costs. Most of the cuts will affect managerial and administrative positions at factories in the UK, Ireland, France and the Netherlands…
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Chinese steel mills prepare for stricter smog rulesSteel mills in Tangshan, China's largest steel city, are rushing to install equipment to meet new "ultra-low" emissions targets by October 31, as pollution control measures threaten to further shock the sector. According to analysts who tracked more than 150 sinter plants in the city affected by…
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Steel production in China will be reduced from summer recordsChina's steel industry weakened in August, reaching a record high in July, under tight production restrictions in major metallurgical regions as part of efforts to clear the country's sky from smog. The world's largest steel producer smelted 80.33 million tonnes of steel, according to the National…
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Global steel production capacity to increase during 2018-2020Global steel production capacity is expected to increase by almost 52 million tonnes during 2018-2020, as noted in the Organization for Economic Co-operation and Development report in its report “Recent Developments in Steel Production”. Currently, 39 million tons of additional capacity is in the…
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Indonesia sets coal prices in September at $ 104.81 per tonIndonesia's Ministry of Energy and Mineral Resources set its September benchmark coal price, also known as Harga Batubara Acuan or HBA, at $ 104.81 per tonne, down 2.8% from August but up 13.8% on an annualized basis. The ministry set the price for August at $ 107.83 per ton, and for September 2017…
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ArcelorMittal Submits Revised Bid For Acquisition Of Indian Steel FirmArcelorMittal has submitted a revised proposal to acquire the assets of Essar Steel India Limited (ESIL). The company confirmed that the proposal was submitted to the ESIL Lenders Committee on September 10, 2018. The initial proposal for ESIL was submitted on February 12 this year. The revised…
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