Metallurgy news
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ArcelorMittal Kryvyi Rih may sue the organizers of the strikeThe administration of PJSC "ArcelorMittal Kryvyi Rih" considers the strike of workers of the underground ore mining department, scheduled for July 26, 2017, illegal PJSC "ArcelorMittal Kryvyi Rih" respects the right of the company's employees to publicly express their point of view. The management…
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Ukraine harvested about 13 million tons of grainAs of July 20, Ukrainian agrarians harvested 12.939 million tons of grain and legumes on an area of 3.878 million hectares, which is 40% of the plan. The average yield was 3.34 tons /ha, according to the Ministry of Agrarian Policy and Food of Ukraine. In particular, farmers have procured winter…
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Iron ore surpasses the psychological level of $ 70 per tonA good start for iron ore in the second half of July and a rise above $ 70 /t is likely to fade at the end of the year as demand from the main buyer, China, slows and global mine reserves remain robust, according to experts from Sucden Financial Ltd. and Bank Julius Baer & Co. “Any significant…
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US steel production fell in JuneDespite a 1.7% drop in U.S. steel production in June, production rose 1.3% in the first half of 2017 after two years of decline. Higher prices are driving idle plant restarts, and Big River Steel's new plant in Arkansas continues to ramp up production.
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Worldsteel CEO on the outlook for global metallurgyGlobal steel production grew 4.5% year on year in the first six months of 2017 to 695 million tonnes. World Steel Association CEO Edwin Basson said the global steel capacity of around 2.4 billion tonnes is "already sufficient to meet supply requirements through 2035." Strong growth in steel demand…
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Black Iron evaluates the Shimanovskoye fieldThe Canadian iron ore exploration and development company Black Iron Inc, which is promoting its project for the production of iron ore concentrate at the Shimanovskoye deposit located in Krivoy Rog in Ukraine, intends to start a new phase after an economic assessment. A preliminary economic…
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POSCO Profit Jumps 44% In Q2 At Annual LevelSouth Korea's largest steel company, POSCO, said its operating profit for the April-June period rose 44.3 percent from the same period last year due to increased profits from steel sales. POSCO, the world's fifth-largest steelmaker, said its consolidated operating income rose to 979.1 billion won…
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World steel production in June increased by 3.2%World steel production for 67 countries reporting to the World Steel Association (Worldsteel) was 141.0 million tonnes in June 2017, up 3.2% from June 2016. World steel production in the first half of 2017 amounted to 836.0 million tonnes, which is 4.5% more compared to the same period in 2016…
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Swedish steel production increased in the first half of 2017According to the latest data published by the Swedish Steel Association Jernkontoret, Swedish steel production in June this year reached 372.4 thousand tons, down 7.5% from the same period last year and 0.6% over the previous year. month. At the same time, in the first half of this year, the volume…
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German steel industry maintains growth trend for 2017 - 2018According to RWI, one of the economic research institutes in Germany, the situation in the metal industry in Germany has improved over the past few months. In the first half of this year, crude steel production in Germany increased by 1.7% over the same period last year. The German economy is…
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