Metallurgy news

• Ukraine is in the 10th place in the world rating of iron producers According to Worldsteel, in 2019, metallurgical enterprises of the countries of the world produced 1,355.59 million tons of pig iron, of which 1,265.52 million tons were smelted by the blast furnace method and 90.07 million tons by the direct reduction method. This is 2.27% higher than the figure... 29.01.2020  09:57

• Argentina welcomes US decision not to impose steel tariffs Argentina welcomed the US decision not to impose tariffs on steel and aluminum in the South American country, which President Donald Trump threatened in December. “The list of countries to be sanctioned has been made public, but Argentina is missing,” Foreign Minister Felipe Sola said in an int... 28.01.2020  12:25

• China is taking serious steps to reduce excess capacity The Ministry of Industry and Information Technology said China has taken major steps to eliminate excess capacity since 2016, cutting steel production by more than 150 million tons. Over the past four years, more than 140 million tons of substandard steel capacity has also been eliminated, said... 28.01.2020  12:10

• Turkish steel exports to US and EU fell in 2019 due to tariff increases Steel exports from Turkey to the US and European Union (EU) markets between January and November 2019 fell by almost 2.7 million tonnes from levels recorded a year earlier due to additional protective tariffs imposed by Washington and the bloc. Total exports of the Turkish steel industry to the... 28.01.2020  09:41

• India and US to resolve dispute over steel import duty India and the United States have agreed to peacefully resolve a dispute over US import duties on some Indian steel products, in which Washington is not yet fully compliant with WTO decisions. According to the WTO, the two countries continue to conduct good faith discussions in search of a positive... 27.01.2020  09:39

• Moody's revises TMK rating outlook from stable to positive Moody's Investors Service has affirmed the rating of one of the world's largest producers of steel pipes for the oil and gas industry. At the same time, Moody's affirmed the B1 rating of senior unsecured bonds issued by TMK Capital SA, a subsidiary of TMK. The rating outlook changed from stable to... 27.01.2020  09:32

• Turkish Cengiz confirms interest in acquisition of British company Turkish conglomerate Cengiz said on Sunday that it is ready to bid for British Steel if the deal with China's Jingye fails. Cengiz Holding CEO Omer Mafa stated that “British Steel is an important asset and we are following developments closely and are ready to place our bet on all of British S... 27.01.2020  09:24

• Steel production in Italy in 2019 below forecasts Steel production in Italy in 2019 fell 5.2% year-on-year to 23.24 million tonnes, according to the latest data released by the Italian steel association Federacciai, as the year ended with a production cut. In October, the association forecast a decline of 4% to 4.5%. Production of flat... 24.01.2020  09:41

• Chinese futures decline amid raging virus Shanghai steel futures extended losses in trading on Thursday ahead of the weeklong Lunar New Year hiatus amid fears that a new coronavirus outbreak in the country will hit construction activity. The best-selling steel rebar contract on the Shanghai Futures Exchange fell 0.4% to 3,523 yuan ($... 24.01.2020  09:35

• Brazil suspends licensing of Chinese iron ore project The Brazilian Federal Court of Montes Claros in the state of Minas Gerais has made a preliminary decision to suspend licensing procedures for the Sul Americana de Metais (SAM) iron ore project. SAM is a subsidiary of Honbridge Holdings in China. Projeto Bloco 8 includes an iron mine located in... 23.01.2020  12:44