Metallurgy news

• US lowered 39% tariff on Korean oil pipes The United States has more than doubled tariffs for Korean oil pipelines. US trade pressure on Korea is on the rise as US President Donald Trump seeks to strip it of its status as a developing country in the World Trade Organization (WTO). The US Department of Commerce decided to impose a 38.87... 01.08.2019  10:35

• ArcelorMittal Kryvyi Rih opened a new warehouse for metal products in Dnipro ArcelorMittal Kryvyi Rih has opened a new warehouse for metal products in the central region of Ukraine - in the Dnieper. It is located on the left bank at 1Zh Kursantskaya, where there is a convenient transport interchange and a railway line. From this site the enterprise plans to ship 5 thousand... 31.07.2019  14:41

• South Korea insists on US sanctions The World Trade Organization meeting revealed that South Korea plans to push for trade sanctions against the United States in a dispute over steel pipe tariffs. South Korea put the request for sanctions on the WTO agenda on August 9, but the United States is likely to challenge the request,... 31.07.2019  11:54

• Production of rolled metal products is growing in Iran Iranian finished steel production rose 16% year-over-year in three months to June 21, or the first quarter of the Iranian year, to 5.27 million tonnes, according to the Iranian Steel Producers Association (ISPA). Hot-rolled steel production increased 9% to 2.29 million tonnes, while rebar... 31.07.2019  11:42

• Chinese steelmakers report lower profits in 1H 2019 Due to high prices for iron ore in the first half of 2019, production costs for Chinese metallurgists increased. The China Iron and Steel Industry Association said that while China's steel production rose 9.9% on an annualized basis to 492 million tonnes in the first half of the year, higher... 31.07.2019  10:53

• SAIL SSP Privatization Will Lead to Stainless Steel Monopoly in India President of the Tamil Nadu Congress Committee Mr. K.S. Alagiri said the privatization of India Limited Limited's steel plant at the Salem Steel Plant would result in a monopoly on the country's stainless steel market. Mr Alagiri said: “Currently in India 60% of the stainless steel market is owned b... 30.07.2019  10:14

• Severstal increases sales of new products in the first half of 2019 In the first half of 2019, Severstal sold 192,000 tonnes of new products under the Food Innovations project, which is almost five times more than last year. Mr. Alexander Shevelev, CEO of Severstal, said: “In today's fast-paced world, customer needs for our products are changing rapidly. As part of ... 30.07.2019  10:11

• Dneprospetsstal: Successful unloading In connection with the increase in the volume of incoming metal in the heading shop of Dneprospetsstal, the enterprise decided to expand the area for unloading trucks and railway cars. Naturally, under the newly cast concrete platforms, a larger number of special equipment is needed - reloaders.... 29.07.2019  17:37

• ArcelorMittal postpones temporary shutdown of Krakow Steel Works ArcelorMittal announced its decision to postpone the previously announced temporary closure of its blast furnace and steel mill in Krakow, Poland. The decision followed protests from workers representing unions at the plant. It should be noted that about a thousand protesting workers picketed the... 29.07.2019  11:35

• US Steel has lost 70% of market capitalization since tariffs were introduced US steelmakers assess the Trump administration's steel tariffs and think, "Be careful what you wish for." Several news outlets reported that tariffs boosted production in the United States at a time when global demand was falling, resulting in lower prices. While companies with more efficient... 29.07.2019  11:28