Metallurgy news

• US tariffs hit domestic companies with old ovens President Donald Trump's foreign steel tariffs have accelerated the fall of some American businesses he has pledged to help. This boosted US production at a time when the global economy was cooling, undermining demand. Tariffs drove prices down, leading to a sharp rift between companies like Nucor... 09.07.2019  10:54

• Liberty Steel acquires ArcelorMittal group of factories in Europe ArcelorMittal has announced that it has completed the sale of several metallurgical assets to the Liberty House Group, representing an investment reduction package agreed with the European Commission during negotiations to acquire the Italian steel mill Ilva. Assets sold: ArcelorMittal Ostrava... 08.07.2019  11:58

• Posco continues to be wary of steel projects in India Posco officials visited Andhra Pradesh to look into the possibility of creating an integrated steel mill, but this was more of a consequence. “The government wanted Posco to consider investing in a joint venture with RINL (Rashtriya ispat nigam) and we just went to check. We have not decided on the ... 08.07.2019  10:28

• Vietnam is committed to US steel exports The finance minister said Vietnam is ready to prove to the United States about steel exports at the center of the new tariff line. The US Department of Commerce last week said it would set tariffs up to 456% on certain steel produced in South Korea or Taiwan, which is then shipped to Vietnam for... 08.07.2019  10:13

• EC approves US acquisition of Standard Steel Holdings Inc Pursuant to the EU Merger Regulation, the European Commission approved the acquisition of joint control of Standard Steel Holdings Inc in the United States by Sumitomo Corporation from Japan and Nippon Steel Corporation also from Japan, which currently exclusively control Standard Steel. Standard... 05.07.2019  12:38

• The United States filed a complaint about the introduction of tariffs to the WTO The United States has filed a complaint with the World Trade Organization over India's retaliatory tariffs on US steel and aluminum levies imposed by Washington last year. In March 2018, the United States imposed 25 percent and 10 percent tariffs on imported steel and aluminum, respectively. As... 05.07.2019  12:21

• Tata Steel to Raise USD 500 Million in Foreign Loans TATA Steel attracts up to USD 500 million in foreign loans to finance expansion and refinancing of debt. Three-quarters of this amount will be used to expand the second phase of its steel plant in Kaliningar in Odisha, which will increase capacity by 5 million tons per year to 8 million tons per... 05.07.2019  12:18

• Shanghai Steel Futures Fall Amid Easing Production Restrictions Chinese steel futures fell on Wednesday as production restrictions were lifted in some steel centers, raising fears that overall production will remain robust and provide additional support for record high iron ore prices. The most active October rebar contract on the Shanghai Futures Exchange... 04.07.2019  12:13

• India launches anti-dumping investigation on steel imports from EU, Japan, USA and South Korea India's Directorate General of Trade Remedies on June 28 launched an anti-dumping investigation into the import of tin plates originating from or exported from the European Union, Japan, the United States and South Korea, after JSW Vallabh Tinplate Private Limited and The Tinplate Company of India... 04.07.2019  11:47

• Severstal acquires 26% of shares in JV with Linde Severstal announced that it has signed an agreement to purchase a stake in the joint venture with Germany's Linde AG. The JV produces serpentine heat exchangers for use on medium and large LNG. Upon completion of the transaction, Severstal will control 26% of the shares and Linde will control 74%... 04.07.2019  11:18