Metallurgy news

• Rising raw material costs lower profits for Chinese steelmakers Chinese steel mills reported lower profits in the first seven months of this year due to higher raw material prices. Enterprises that are members of the China Iron and Steel Industry Association generated about $ 339 billion in sales revenue during this period, an increase of 9.75%, while... 03.09.2019  11:35

• Tata Steel Europe announces the results of the non-core sales process Tata Steel Europe announced the results of its non-core business unit sales process. Tata Steel has signed a Cogent Power Inc sale and purchase agreement with Japanese steel giant JFE Shoji Trade Corporation. CPI manufactures cores for electrical distribution transformers and employs about 300... 03.09.2019  11:01

• MOL targets Turkey's steel sector The largest Japanese ship owner Mitsui OSK Lines (MOL) is seeking to penetrate Turkey with bulk materials. MOL has signed an agreement with the Turkish steel mill Tosyali Holding, which aims to develop transport agreements for both raw materials and steel products, as well as to develop a joint... 02.09.2019  11:12

• US Steel stops blast furnace # 8 It is common knowledge that the cyclical nature of the steel industry can be a tough business, subject to severe fluctuations. Last August, US Steel CEO David Berritt, Indiana Governor Eric Holcomb and other dignitaries gathered to announce a $ 750 million investment at the Gary Works steel... 02.09.2019  10:49

• Steel production in India up 1.7% in July 2019 Global crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.7 million tonnes in July 2019, up 1.7% from July 2018. Ndia's crude steel production also rose 1.7% in July 2019. In July 2019, India produced 9.2 million tonnes of crude steel.... 02.09.2019  10:44

• Trade threat prompts Gupta to spend more on European steel mills The Liberty Steel CEO says he will focus on higher quality products. British tycoon Sanjeev Gupta Liberty Steel plans to tackle the threat of a trade war to his steel business by pumping money into European factories he recently bought from ArcelorMittal. According to CEO John Bolton, Liberty... 30.08.2019  12:39

• UK government seeks £ 250m for clean metallurgy The UK Department of Business, Energy and Industrial Strategy (BEIS) has requested assistance for a planned £ 250 million net steel fund. According to BEIS, the fund "will support the UK steel sector to move towards zero decarbonization." The government is looking for opportunities to help it ... 30.08.2019  12:08

• Ukraine's position in the world ranking of metallurgical production for 7 months of 2019 Steel Production According to Worldsteel, for 7 months of 2019, world steel production is 1,083,950 thousand tons, which is 4.57% more than in January-July 2018 (1,036,610 thousand tons). The leader here is also the People's Republic of China, melted 577.060 thousand tons, which is 9.01% more... 29.08.2019  11:10

• ArcelorMittal Uses Danieli Technology for Piracicaba Plant Danieli presents a unique opportunity for metal manufacturers to select Danieli as their preferred supplier for high flow products, including wear parts. The system allows customers to avoid costly procurement, use dilution of parts costs, and benefit from fast and continuous availability,... 29.08.2019  11:04

• Africa's steel production plummets Steel production in the African region fell more than 15% in July 2019, according to the latest data released by the World Steel Association. Crude steel production in July 2019 by African countries was 1.051 million tonnes. This compares to production of 1.238 million tonnes in July last year,... 29.08.2019  10:59