Metallurgy news

• Steel production in Ukraine in 2019 will decrease by 2.8% per year According to statistics from Ukraine, total crude steel production in 2019 will be about 20.5 million tonnes, down 2.8% year on year, also the lowest since 1991. In the current year, the total production of crude steel in November reached 1.3 million tons, and in December amounted to 1.2 million... 12.12.2019  12:25

• Production and export of steel grows in Iran In the face of frequent sanctions against the oil industry in Iran, the country's leadership gradually switched to the development of the metallurgical industry. The steel industry accounts for 7.5% of Iran's labor market, and steel export earnings account for 11% of Iran's industrial export... 12.12.2019  12:19

• EU HRC Price Remains Unchanged Due to the high price of scrap metal, some European steel mills held back and left their offer for hot rolled products (HRC) unchanged. Statistics showed that factories in Italy and Northwest Europe did not change their proposal for HRC this week. At the same time, the price of Turkish HRC was... 11.12.2019  09:42

• Ylva workers' unions go on strike and protest in Rome Unions representing steel workers staged a massive protest in Rome as the Italian government continues negotiations to stop ArcelorMittal from agreeing to take over the former ILVA group. With thousands of jobs in mind, the country's three largest unions, CGIL, CISL and UIL, have proposed a 32-hour... 11.12.2019  09:29

• Prospects for international cooperation of Dneprospetsstal Dneprospetsstal took part in one of the largest exhibitions for the production and processing of stainless steels. At the end of November, the Exhibition and Conference Center in Maastricht (Holland) hosted the Stainless Steel World - Expo & Conference, which was attended by leading... 11.12.2019  09:27

• Reduced demand for steel in China The entry into December means that the Chinese steel market has officially entered the off-season and steel demand from buyers is forecast to decline. At present, the weather in the northern region of China has become colder, so most of the construction sites decided to slow down their work, and... 10.12.2019  10:30

• Demand for hot rolled steel products is growing in the EU After receiving a large number of orders for hot rolled products, several Turkish steel mills have already developed their production plans until March. Due to high market demand, it was hot, and some steel mills were now ready to raise prices for hot rolled steel. However, even though the... 10.12.2019  10:14

• Cleveland-Cliffs acquires AK Steel In the United States, Cleveland-Cliffs and AK Steel Holding Corporation have announced a definitive merger agreement under which Cliffs will acquire all issued and outstanding shares of AK Steel's common stock. Lorenko Gonsalves, Chairman of the Board, President and CEO of Cliffs, will lead the... 10.12.2019  10:05

• Nippon Steel continues to close blast furnaces Japanese steel giant Nippon Steel Corporation (NSC) has announced plans to close more blast furnaces in line with its strategic plan to reduce operating costs. Therefore, possible job cuts are expected due to the closure of the furnace. The company expressed concerns that its annual profit could be... 09.12.2019  09:40

• US to officially act on tariffs against Brazilian and Argentine steel U.S. President Donald Trump's announcement that the U.S. will begin enforcing Section 232 tariffs on steel and aluminum imports from Brazil and Argentina has not been officially announced by the White House. Trump said the tariffs were to take effect immediately; however, for the president to... 09.12.2019  09:29