Metallurgy news

• Steel Buyers Reduce Orders To China Due To Wuhan Coronavirus Last week there were fewer orders from South American countries to China due to the Wuhan coronavirus, especially for carbon steel coils and plates. While market participants worried that Chinese stove prices could face a drop in sales due to low readiness from buyers, there are still a few... 12.02.2020  09:10

• Brazilian slab exports fell in 2019 Brazilian slab maker Companhia Siderúrgica do Pecém (CSP) cut shipments year-on-year in December. Total exports also remained low throughout 2019. In December alone, shipments fell to 246,172 tons, which is 17.6% less than in the same period in 2018. However, this volume was 15.4% more than in N... 11.02.2020  10:26

• Chinese Baosteel maintains prices for March Baosteel, one of the leading steel producers in China, has announced a price hold for March. Baosteel raised its hot rolled coil price by 200 yuan per ton in January and 30 yuan per ton in February. Baosteel, hit by the coronavirus in Wuhan, decided to keep the price down and stabilize the... 11.02.2020  10:19

• India becomes Asia's largest scrap metal importer According to official statistics, India was the largest scrap metal importing country in Asia in 2019, with total annual imports of about 7.05 million tonnes, followed by South Korea (6.5 million tonnes), Vietnam (5.5 million tonnes). and Taiwan (3.5 million tons). For the first time in the last... 11.02.2020  10:13

• ArcelorMittal Reports Huge Q4 Losses Amid Challenging Market ArcelorMittal announced results for the three-month and twelve-month periods ended December 31, 2019 with a billion losses. ArcelorMittal noted that the annual losses were mainly due to difficult market conditions. Last year, the company received $ 2.4 billion in free cash flow. It ended in 2019... 11.02.2020  09:48

• Nippon Steel suffered losses of $ 4 billion Nippon Steel forecast a record net loss of 440 billion yen ($ 4 billion) for the fiscal year ending March 31, up from a previously forecast profit of 40 billion yen, as protectionist governments and Asian rivals cut the bottom line. The company is curtailing opportunities to improve its... 10.02.2020  10:02

• Vietnamese steel production surges in 2019 due to increased HRC production Vietnam's steel production grew 4.4% year-on-year to 25.3 million tonnes in 2019, while domestic steel sales grew 6.4% year-on-year, according to the latest report released by the Vietnam Steel Association (VSA). calculated due to the fact that the production of hot-rolled products had a rapid... 10.02.2020  09:58

• Zaporizhstal increases steel production in January Zaporizhstal, the fourth largest steel producer in Ukraine, reports its crude steel production in January of this year was about 338,000 tonnes, up 2.3% from the previous month, while there is a fall of 4.5% compared to with the same month in 2019 In addition, pig iron production amounted to... 10.02.2020  09:53

• Japanese steel companies hit by cyber attacks Kyodo News reports that Japan's Ministry of Defense has confirmed that Kobe Steel Ltd and satellite data provider Pasco Corp have been targeted by cyber attacks, the latest in a series of confirmed attacks against Japanese defense-related companies. According to Kobe Steel, some terminals on the... 07.02.2020  10:52

• Chinese Baosteel and Brazilian Vale Sign First RMB Deal China's Baoshan Iron & Steel Co Ltd, listed as one of the country's largest steel producers, has completed its first Chinese currency iron ore deal with Brazil's Vale SA. China, the world's largest consumer of iron ore, is trying to leverage its influence on steel ingredient pricing to help its... 07.02.2020  10:39