Metallurgy news
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Oleg Diripaska gets rid of En + shares to avoid US sanctions“Russian oligarch Oleg Diripaska agreed to sell 35 percent. shares of the En + group to free the company from the sanctions imposed in April 2018, ”writes the British newspaper Financial Times. According to the proposal, which was passed to the US regulator, Oleg Diripaska will reduce his stake in…
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US increased tariff for Korean galvanized sheetThe United States raised tariffs on Korean galvanized steel sheets in a preliminary ruling. There is still a possibility that the US will further increase the tariff in the final decision in the future. The US Department of Commerce has imposed a preliminary 10.32 percent tariff on Hyundai Steel's…
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Indian steel production up 6% in JulySteel production in India rose six percent in July 2018 to 8.73 million tonnes, according to official figures. In the same month a year ago, the country produced 8.22 million tons of steel. Pig iron output rose 9 percent to 0.49 tons from 0.45 tons in July 2017. Metal output amounted to 5.94…
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Baosteel raises steel pricesChina's Baoshan Steel Works said it would raise its hot rolled steel prices by 50 yuan ($ 7.30 /t) in September. The manufacturer said it will also raise prices for cold rolled products in September by RMB 50 per tonne.
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Trump announces Turkey double duty on aluminum and steelUS President Donald Trump on Friday stepped up his standoff with Turkey by imposing higher tariffs on metal imports, putting unprecedented economic pressure on a NATO ally and deepening turmoil in Turkey's financial markets. Criticizing the state of U.S. relations with Ankara, Trump announced on…
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Russian Evraz increased basic income for the first half of the yearRussia's Evraz, the country's second-largest steelmaker, said Thursday that its core income rose 65.5 percent in the first half of 2018 to $ 1.906 billion from $ 1.152 billion in the same period last year. According to the company, revenues rose 24.2 percent over the same period last year to $…
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The Impact of China's Policy on the Iron Ore and Steel MarketChina is preparing for winter. Last week, the Chinese government announced another round of heating season capacity cuts for its heavy industry, designed to cut emissions and improve air quality in the northern provinces. Steel raw materials such as iron ore and coke have been mobilized since the…
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Steelworkers in Europe completely revive the industryAfter years of decline, European steelmakers are returning to pre-crisis levels of production growth. They hope that the wound inflicted on the metals industry by the 2007/8 global crisis, after which the industry has long struggled to recover, will finally heal completely. Steel demand in Europe…
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Nippon Steel JV Started Manufacturing High Strength Automotive Steel ProductsJapanese steel company Nippon Steel & Sumitomo Metal Corporation (NSSMC) has formed a joint venture with Indonesian PT Krakatau Steel (Persero) Tbk. The joint venture PT Krakatau Nippon Steel Sumikin (KNSS) began commercial production of automotive sheet steel products at the end of July this year…
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Dneprospetsstal: production results in July 2017In July 2018, PrJSC Electrometallurgical Plant DNEPROSPETSSTAL named after I. A.N. Kuzmin ”delivered 20 392 tons of steel, which is 1.9% higher than the level of the previous month. During the same period, the Company produced 12,924 tons of rolled metal, which is 6.9% less than in June 2018. The…
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