Metallurgy news
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Kryvyi Rih Mining and Metallurgical Plant increased capital investments in 2017At the end of 2017, the plant of PJSC ArcelorMittal Kryvyi Rih increased capital investments by 41.7% at an annual level - to UAH 6.8 billion from UAH 4.8 billion. In 2018, the company intends to allocate UAH 7.7 billion for capital investments. The company's operating costs in 2017 increased by…
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Hot rolled steel prices continue to rise in the USHot rolled steel prices in the US rose as early as Wednesday, as prices continue to rise at US mills, according to market sources. The demand for hot rolled steel (HRC) is strong, but there are currently enough trade measures to scare most importers from the US market. With strong demand from the…
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Steel and iron ore contracts recover in priceChinese steel futures were higher on Friday, while news that China's largest steel city is looking to expand production after winter ends, even as the government says it has no plans. China has ordered steel mills to cut production in half from November 15 to March 15 as part of the country's…
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ArcelorMittal says profit more than doubled in 2017Global steel giant ArcelorMittal said Wednesday, January 31st, that its net profit more than doubled last year as the global steel market grew. The company said in a statement that its net income was $ 4.6 billion, up from $ 1.8 billion a year earlier. Underlying or operating income jumped 30% to $…
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Odisha mine closure creates iron ore shortage in IndiaThe closure of six iron ore mines in Odisha created a supply deficit of 5.5 million tonnes. This is expected to increase the cost of producing sheet steel by about Rs 800-1000 /ton. Following non-payment of compensation equal to 100 percent of the value of iron ore illegally mined prior to December…
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AK Steel expects to raise sheet steel prices by USD 30AK Steel will raise base prices for carbon sheet products by at least $ 30, which will immediately translate into new orders, the company said. The increase follows ArcelorMittal's announcement late last week that it intends to increase base pricing to $ 750 for hot rolled coils and $ 930 /t for…
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Macquarie Bank raised its forecast for iron ore and coal pricesMacquarie Bank has released a summary of its recent commodity price forecasts, adjusted for factors both within and outside China. The bank has changed its forecasts for the next couple of years. “A large rise in prices for metallurgical and thermal coal is forecast for 2018-1919. An increase of…
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Results of the mining and metallurgical complex of Ukraine over the past yearIn 2017, the production of the mining and metallurgical complex was one of the lowest in the history of independent Ukraine. Steel production and rolled metal exports fell to historic lows. However, due to the rise in prices, the complex retained almost a third in the structure of Ukrainian…
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China iron ore hits a monthly lowIron ore futures in China fell to their weakest level in a month on Monday, as demand for steel raw materials remains weak from a global buyer, keeping stocks in their ports close to record levels. The timely arrival of goods in China was also due to the absence of disruptions to the leading…
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US aluminum producers' hopesThe growing confidence among American aluminum manufacturers is driven by automotive demand, not what President Donald Trump is planning in terms of trade policy. Novelis Inc., the largest manufacturer of flat-rolled products, announced last week that it plans to build a $ 300 million plant in…
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