Metallurgy news

• Steel imports in the USA decreased by 11% in 7 months Based on preliminary indications, the American Iron and Steel Institute reported today that the US imported a total of 3,028,000 tonnes of steel in July 2019, including 1,843,000 tonnes of finished steel (up 48.3% and 6.6%. respectively, compared to Final data for June). In the first seven months... 27.08.2019  12:32

• Steel consumption in India will grow more slowly Steel demand in India is set to grow at the slowest pace in three years as the recession deepens in the bright spot of global industry. Moody's Investors Service 'Icra Ltd said that steel consumption in India is likely to increase by less than 6% this fiscal year, the slowest rate after rising 3.1%... 27.08.2019  12:26

• Metallurgical production of Donetsk region in July increased by 8 percent In July 2019, compared to the previous month, production volumes in metallurgical production and production of finished metal products in the Donetsk region of Ukraine increased by 8.1%. However, compared to July 2018, metallurgical production and production of finished metal products decreased by... 27.08.2019  10:26

• Thyssenkrupp disputes EU refusal to merge with Tata Steel German multinational conglomerate Thyssenkrupp has filed a complaint with the European Union's General Court (EGC) against the European Commission's (EC) decision to block its merger with Indian steel giant Tata Steel. In a statement released yesterday, Thyssenkrupp noted that the commitments it... 26.08.2019  13:57

• Gold price rises to a new 6-year high Gold hit a six-year high on Friday as investors plunged into safe haven amid the growing US-China trade war and the prospect of a return to ultra-empty monetary policy from the Fed. December delivery gold, the most heavily traded futures contract in New York, peaked at $ 1,539.50 an ounce, up $... 24.08.2019  11:58

• Interpipe welcomes the resumption of UZ tenders for the sale of scrap metal The Ukrainian industrial company Interpipe welcomes the resumption of the Ukrzaliznytsia auctions for the sale of large consignments of ferrous scrap. Since the beginning of the year, UZ has repeatedly made attempts to hold such auctions, but the terms of shipment of scrap metal on EXW terms... 23.08.2019  20:27

• Converter production at Azovstal will become cleaner Metallurgical plant Azovstal of Metinvest Group completed the reconstruction of aspiration in the crushing department of the bulk and ferroalloys section of the converter shop. The cleaning equipment of the German company Lamellen - Jet was installed. Commissioning works are in progress.... 23.08.2019  12:31

• Iron ore production in China peaks in July Iron ore production in China is likely to contract in the coming months after the price of 62% of iron ore fell to $ 83 /t CFR on Wednesday from a peak of $ 126.35 /t CFR on July 3, prompting domestic miners to boost production to a 19-month high. The country's rough iron ore production rose 10%... 23.08.2019  11:51

• POSCO Completed Zhejiang Cathode Factory POSCO has completed the construction of its first overseas battery cathode factory, signifying its entry into the global battery market. The company held a ceremony to complete the construction of a plant in China's Zhejiang province, which can produce 5,000 tons of cathodes per year. POSCO's... 23.08.2019  11:47

• Thyssenkrupp files Brussels veto on joint venture with Tata Germany's Thyssenkrupp has filed a complaint with the European Court of Justice to challenge an antitrust ruling that blocks a planned joint venture with Tata Steel. The complaint to the European Union's General Court of Justice, seen as a symbolic move, came after the Commission vetoed plans to... 23.08.2019  11:29