Metallurgy news
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High quality ductile iron production is on the riseDuctile iron is a casting material with a very wide range of uses. This is due to a very large change in mechanical properties depending on the number and size of particles, as well as on the type of matrix. In recent years, the production of high quality cast iron has been growing all over the…
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By 2020 ArcelorMittal will invest $ 1.5 billion in the former KryvorizhstalThe Ukrainian subdivision of the largest metallurgical company in the world PJSC "ArcelorMittal Kryvyi Rih" (Dnipropetrovsk region) intends to invest 1.5 billion US dollars in the renewal of production by 2020. To implement investment programs, it is planned to expand the base of suppliers and…
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British officials expect to double the profitability of the steel sectorThe UK steel industry could increase its revenues by £ 3.8 billion a year by 2030, according to a government report that outlines opportunities to strengthen the sector and boost domestic steel demand. The report, which is part of the Islands' Industrial Strategy, states that in 2015 national steel…
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India will become the third largest automotive market in the worldIndia's state-owned steel company SAIL will begin production of automotive steel in a $ 1 billion partnership with ArcelorMittal in three years. A senior government official said this would help reduce imports of high-quality steel as the country ramped up production of cars. The Steel Authority of…
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Austria restored gas transit after the accidentThe gas transmission operator of Australia Gas Connect Austria reports that after the elimination of the largest accident at the Baumgarten station, it has restored gas transit. An explosion occurred Tuesday morning at a gas hub in Baumgarten, Austria, followed by a massive fire. The cause of the…
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Chinese metallurgists have significantly increased the profitability of productionS&P Global Platts analysis and data show that global operating margins for steel mills look strong year-over-year as steel prices rose higher compared to iron ore, coking coal and scrap. In China, spreads between steel and prices for imported blast furnace raw materials remained close to multi-year…
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Dneprospetsstal: production results in November 2017In November 2017, PrJSC Electrometallurgical Plant Dneprospetsstal named after A.N. Kuzmin ”delivered 20,153 tons of steel, which is 11.7% less than last month. During the same period, the Company produced 13,495 tons of rolled metal, which is 6.9% less than in October 2017. The total cost of…
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Metinvest will make early payment of EurobondsMetinvest Holding announced that it is going to pay interest to holders of Eurobonds with maturity until December 31, 2021, $ 6 million 508,901 thousand of non-guaranteed income for the period from August 18 to September 18, 2017. According to the company's statement on the website of the Irish…
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Steel price in China continues to riseThe war on smog pushed Chinese steel prices to a nine-year high last week amid tighter supplies and unexpectedly healthy demand, especially in eastern and southern China. Chinese steel futures jumped on Monday after a three-day drop as production cuts at the world's largest producer deepened in…
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US Senate Investigates Uranium Exports By A Russian-Owned US FirmSenate Environment Committee Chair John Barrasso sent a letter to Energy Secretary Rick Perry and Nuclear Regulatory Commission Chair Christina Svinitski, informing him that he is expanding the investigation into the sale of uranium from the Uran-1 plants to the Russian state-owned company…
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