Metallurgy news

• Tokyo Steel maintains steel prices for the fourth consecutive month Tokyo Steel Manufacturing Co Ltd said Monday that it will not change steel prices for the fourth straight month in February as it expects confirmation that recovery in steel markets will continue both domestically and internationally. Japan's largest electric arc furnace manufacturer held stable... 20.01.2020  09:32

• Steel demand in China to grow by 10 million tonnes in 2020 The latest report from the China Iron and Steel Industry Association (CISA) predicts a 2% YoY increase in steel demand in 2020 to 890 million tonnes, up from 875 million tonnes in 2019. New property growth will slow in 2020, but infrastructure construction will accelerate and offset the pressure... 20.01.2020  09:26

• Iranian Steel Exports Increase 19% Iranian steel exports reached about 5.2 million tonnes during the first nine months of the current Iranian year (March 21 to December 21, 2019), an increase of 19% over the same period. the previous year. Iranian Deputy Minister of Industry, Mines and Trade Jafar Sarkini said the ministry had... 17.01.2020  10:06

• Metinvest Provides Longest-Lasting Financing Metinvest raised a buyer's credit line of EUR 24.4 million for up to 11 years for its subsidiary Ilyich Steel, a steel plant in Mariupol, Ukraine. The loan is covered by an export guarantee of the French Republic issued by Bpifrance Assurance Export, acting as an export credit agency. It was... 17.01.2020  09:41

• China's steel production exceeded one billion tons in 2019 Data from the National Bureau of Statistics showed that China's steel production in December 2019 was 84.27 million tonnes, up 11.6% over the previous year, and total steel production in 2019 was 996.34 million tonnes. which is 8.3% more than in the previous year. China's finished steel production... 17.01.2020  09:37

• Thyssenkrupp to sell key technology division Thyssenkrupp AG accelerated the sale of its process technology division, which was primarily responsible for the construction of factories and industrial sites. It was expected that Chinese state-owned enterprises would appear among potential buyers of the asset, and the bankers, basically,... 16.01.2020  09:50

• Ukraine and Russia are going to exhaust quotas for rebar in the EU The quotas of Ukraine and Russia for duty-free sale of valves are at a critical level. Among them, the remaining quota for rebar in Russia amounted to only 5,915 tons, and in Ukraine - 8,596 tons. On 1 July last year, Russia's initial quota was 241,998 tons. Ukraine had a quota of 160,848 tons.... 16.01.2020  09:47

• Dneprospetsstal increased steel delivery in December In December 2019, PJSC DNEPROSPETSSTAL delivered 18,888 tons of steel, which is 6.2% higher than the level of the previous month. During the same period, the Company produced 13,216 tons of rolled metal, which is 3.5% more than in November 2019. The total cost of marketable products manufactured... 15.01.2020  12:13

• Steel exports from China to be low in 2020 Exports of finished steel to China declined 7.3% year on year to 64.293 million tonnes in 2019, the lowest annualized rate since 2014, reflecting strong steel demand despite an increase in steelmaking capacity. In December 2019, China's steel exports fell 15.7% year-on-year to 4.684 million... 15.01.2020  09:11

• Tata Steel Netherland Postpones Layoffs Despite the announced layoffs, work at Tata Steel Nederland in Ijmeiden is guaranteed to continue until October 2021. The management of Tata Steel Nederland wrote in a letter to the FNV union that it will adhere to the previous agreements with the unions. but added that possible layoffs are... 15.01.2020  09:00