Metallurgy news
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Chinese company earned contract for steel plant in PhilippinesChinese conglomerate Panhua Group has signed an agreement with the Philippine Economic Zone Authority to supply a $ 3.5 billion integrated steel mill. USA in the Philippines. Peza Deputy General Manager Teo Panga said the proposal was one of the agreements reached during the recent Philippine…
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Completed multimillion dollar blast furnace upgrade in Bosnia and HerzegovinaArcelorMittal Zenica has completed a € 30 million refurbishment of its blast furnace, preparing the plant for 20 years of competitive steel production. In addition to the rebuilding of the blast furnace, other parts of the plant were also modernized, including power, sintering and steel mills and a…
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Dongkuk Steel Bypasses U.S. Import Restrictions Through Brazil Joint VentureDongkuk Steel Brazil is expected to bypass US protectionist trade policies, as the US government recently decided to restrict steel imports from South Korea this year to 70% of the three-year average and maintain a 100% quota for Brazil. “South Korean steel companies cannot benefit from the current…
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Vietnam: steel production growth to reach 20 percentDomestic steel production is expected to rise by 20 percent year-on-year this year, according to the Vietnamese Ministry of Industry and Trade. Of these, production will increase by 10 percent for construction steel, 5 percent for cold rolled sheet products, 15 percent for welded products and 12…
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China's steel production is performing wellChina's steel exports rose to 6.94 million tonnes last month, the highest since July 2017, even after Washington imposed import duties to protect U.S. industries. June steel output was below 81.13 million tonnes in May, but one day less in June, setting a new average daily production record of 2.67…
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US Tariffs Caused Steel Market GlutSteel prices around the world have declined due to surges as a result of looming tariffs on US steel imports. Speaking at the Indian Steel and Trade Conference, Sofia's Industry Minister Chaudhary Birandar Singh said: “Industry officials said that steel prices have declined worldwide. This is due…
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Strong demand for stainless steel drives up chrome pricesThe market outlook for stainless steel will continue to support demand for chromium concentrate in the metals sector, according to a report by Tharisa, Cyprus headquartered in Tiras. The company maintains its guidelines for the fiscal year through September 2018, with plans to increase production…
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In June, China smelted 80.2 million tons of steelLast June, crude steel production in China was 80.2 million tonnes, 7.5% more than last year. Also, a new record for daily production was recorded - 2.67 million tons, which exceeds the maximum in May by 2.2% (2.6 million tons). These data are cited in a report released by the Chinese National…
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Oil and gas companies get the opportunity to import steel to the United States without tariffsPresident Donald Trump's administration allowed the oil and gas sector to purchase metal products without a 25 percent tariff on steel imports, agreeing with Shell and Chevron that the special steel they import is not made in the United States. Today, the US Department of Commerce approved tariff…
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Rio Tinto Coal Delivers First Fully Autonomous Iron Ore SupplyRio Tinto has achieved significant success with the first autonomous train delivery of iron ore in Pilbara, Western Australia, using the world's largest robot. An autonomous train of three locomotives carrying about 28,000 tonnes of iron ore traveled more than 280 kilometers from Rio Tinto's Tom…
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