Metallurgy news

• Moody's completes periodic review of MMK Moody's rating reflects the strong financial performance of Magnitogorsk Iron and Steel Works, but notes in its review that MMK is affected by the macroeconomic, regulatory and operating environment in Russia, as most of the company's metallurgical production is located in Russia .. Moody's... 19.09.2019  09:40

• Interpipe enters the Bahrain oil and gas market The Ukrainian industrial company Interpipe has successfully passed the prequalification of Tatweer Petroleum and entered the list of approved suppliers of line pipes for the Bahrain market. Tatweer is developing and developing several fields using large volumes of pipes, including products for... 18.09.2019  12:55

• ArcelorMittal threatens to close an iron ore mine in Ukraine The management of ArcelorMittal Kryvyi Rih said that if the Ukrainian government increases fees associated with the extraction of iron ore, the company will be forced to stop the mine. Other Ukrainian companies speak in a similar tone. Recently, the Ukrainian parliament has proposed tax changes... 18.09.2019  10:30

• Dneprospetsstal: results of August 2019 In August 2019, PJSC DNEPROSPETSSTAL delivered 19,710 tons of steel, which is 5.1% higher than the level of the previous month. During the same period, the Company produced 13,678 tons of rolled products, which is 1.6% more than in July 2019. The total cost of commercial products manufactured in... 18.09.2019  10:37

• Fitch and S&P Upgrade Metinvest's Ratings The international rating agency Fitch Ratings has raised the long-term issuer default ratings (IDRs) of the Metinvest mining and metallurgical group and the ratings of its Eurobonds to BB- from B +, with a stable outlook. "The increase follows an increase in Ukraine's country ceiling to 'B' from... 18.09.2019  10:27

• British Steel Saint-Saulve plans to open a new billet production line It was reported that steelmaker British Steel Saint-Saulve has announced an investment of € 16 million to produce larger billets through August 2020. The company commissioned Danieli to create a production line. Cedric Orban, CEO of the company, said the new production line had passed all tests a... 17.09.2019  10:53

• USA increased exports of HRC in July According to statistics from the United States Department of Commerce (USDOC), the United States exported about 39,000 tonnes of hot rolled steel in July, up 10.4% from the previous month but down 21.7% from the same month a year ago. Among the main destinations, the largest share is accounted... 17.09.2019  10:45

• Steel production in Italy increased According to data from the Italian association of steel producers Federacciai, crude steel production in Italy in July this year was about 1.98 million tonnes, down 8% from the same month a year ago. In the first 7 months of this year, steel production in Italy amounted to about 14.55 million... 17.09.2019  10:12

• ArcelorMittal plans to implement hydrogen steel project in Hamburg ArcelorMittal announced that it has commissioned technology supplier Midrex Technologies to design a demonstration plant at its Hamburg plant for hydrogen steel production. The two companies have now signed a framework cooperation agreement to collaborate on several projects ranging from research... 17.09.2019  10:05

• Rolled metal center closed in Indiana The closure of the center comes a year after Vice President Mike Pence visited the Mill Steel plant in Grand Rapids, talking about the Trump administration's steel tariffs boosting growth in the US steel industry. The Indiana Steel Distribution Center will shut down and leave 50 people... 16.09.2019  12:49