Metallurgy news

• Further reduction of rolled metal production in China As of mid-February, most of the rolled metal traders and steelmakers in Xinjiang had not yet returned to work. The two main steel markets in Urumqi were also not yet officially open for business and all steel markets were closed. Many obstacles to road and rail transport affected the supply of... 14.02.2020  10:12

• Thyssenkrupp reports weak results In a challenging economic environment, Thyssenkrupp sales were almost stable at € 9.7 billion in the first three months of the current fiscal year 2019/2020. While capital goods factories have achieved double-digit growth in some cases, material production has clearly been affected by losses in p... 14.02.2020  09:49

• US Accuses China and Taiwan of Tax Evasion The US Department of Commerce (USDOC) has accused China of evading US anti-dumping (AD) and countervailing duties (CVD) by sending rolled steel intended for the production of certain Corrosion Resistant Steel (CORE) products to Costa Rica, Malaysia and The UAE petty processing companies as well as... 14.02.2020  09:45

• PJSC "Zaporozhgneupor": production results in January 2020 In January 2020, Zaporozhgneupor increased the production of molded refractories by 39%. In January 2020, the production of Zaporozhgneupor amounted to 9763 tons of molded refractories, including 4247 tons of fireclay refractories, 3466 tons of magnesia products and 2050 tons of high-alumina... 13.02.2020  10:49

• India: Building a Value Added Metallurgy Industry In the last fiscal year, India produced 106.54 million tons of liquid steel and was ranked second in the world ranking. However, at the same time, the country was a net importer of finished steel in the last fiscal year and was heavily dependent on foreign supplies of value-added steels. If you... 13.02.2020  10:34

• NLMK Group announces 4Q and 2019 financial results NLMK Group announced financial results for the 4th quarter and 2019. NLMK Group CFO Shamil Kurmashov said: “The situation on the steel products markets in 2019 was quite difficult. In the second half of 2019, prices fell below the average cycle. The dive was so deep that we estimate that 80% of the ... 13.02.2020  10:32

• Competition Tribunal approves ArcelorMittal SA to acquire Highveld plant The South African Arbitration Tribunal unconditionally approved the acquisition by ArcelorMittal in South Africa of Highveld Structural Mill (Pty) Ltd, a subsidiary of Evraz Highveld Steel & Vanadium. The Commission's investigation showed that there would be no anti-competitive consequences as a... 13.02.2020  10:26

• DNEPROSPETSSTAL in January exceeded the plan for shipment to KPTs In January 2020, PJSC "DNEPROSPETSSTAL" delivered 14,149 tons of steel and produced 10,809 tons of rolled products. The total cost of commercial products manufactured in January 2020 amounted to UAH 522,422 thousand. (at current prices). In January 2020, it should be noted that the plan for... 12.02.2020  11:17

• India's steel sector hinders achievement of climate change goals India's heavy industry, especially steelmaking, is a sore spot in its climate action plans. Scientists warn that the booming sector could lead to the collapse of the country's sustainable development plans if the government fails to decarbonize it within the next 30 years. “Steel is one of the m... 12.02.2020  09:50

• EUROFER plans renewal on the EU steel pipe industry EUROFER announced that manufacturing activity in the EU steel pipe industry has stabilized at levels seen a year earlier in the third quarter of 2019, quite similar to the situation in the first half of last year. This further confirms that due to the lower share of large pipes in the EU product... 12.02.2020  09:26