Metallurgy news

• Impact of US sanctions on steel exports from Iran Iranian sources told S&P Global Platts that new US sanctions on Iranian steel exports are likely to have little impact as pricing remains attractive to Asian buyers. One trader said: “The recent US sanctions are not expected to have much of an impact on Iranian steelmakers if steel prices remain ... 21.01.2020  10:51

• Iron ore prices hit new high Chinese steel production is breaking records, which automatically affects the price of iron ore. Economic data showed that the country's steelmakers produced 1 billion tonnes of steel in 2019. This is the second record year in a row. China's import price of 62% iron ore rose to $ 97.58 /t, a... 20.01.2020  12:34

• ArcelorMittal Dofasco fined for production violations Steelmaker ArcelorMittal Dofasco in Hamilton, Ontario has been fined approximately C $ 300,000 after pleading guilty to two separate workplace incidents since 2018. ArcelorMittal Dofasco was fined C $ 170,000 for a blast furnace malfunction in May 2018 and an additional C $ 120,000 for an incident... 20.01.2020  12:20

• 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