Metallurgy news

• Imported Steel Will Subject to Increase in Value in Indian Market Indian Express said that in an effort to provide more benefits to domestic producers in government procurement, the Department of Steel has introduced a notice that requires imported steel to expose higher domestic value added when making a product that would be eligible for purchase by government... 17.06.2019  10:35

• Metinvest will build an oxygen complex in Mariupol Metinvest Group has signed a contract with Air Liquide, a world leader in the production and supply of gases, technologies and services for industry and healthcare. The most modern air separation unit in Ukraine will be built at the Ilyich Mariupol Metallurgical Plant (MMK). The complex will meet... 16.06.2019  13:41

• Dneprospetsstal published production results in May 2019 In May 2019, PJSC DNEPROSPETSSTAL delivered 18,440 tons of steel, which is 11.0% less than in the previous month. During the same period, the Company produced 13,684 tons of rolled metal, which is 5.4% more than in April 2019. The total cost of commercial products manufactured in May 2019... 14.06.2019  12:03

• India seeks tougher rules on imports of defective and non-standard steel The Indian government has announced that it will take the necessary steps to curb imports of defective or non-standard steel, as part of efforts to protect domestic producers. This was announced during a high-level meeting of the ministries of industry and steel, which took place on Tuesday. It... 14.06.2019  11:58

• European Commission blocks Tata Steel-thyssenkrupp AG merger The European Commission announced its decision to ban the proposed merger of Tata Steel Ltd. and thyssenkrupp AG. A press release issued by the Commission noted that the parties were unable to offer adequate remedies in relation to the concerns it raised. The commission indicated that the merger... 13.06.2019  13:12

• EU must respond to Trump's steel tariffs - L.N. Mittal ArcelorMittal CEO said in an interview with a German newspaper that Europe urgently needs to take further measures to offset the impact of import tariffs imposed by US President Donald Trump. L.N. Mittal, Chief Executive Officer of ArcelorMittal, said that “The EU announced protective measures, but ... 13.06.2019  13:01

• USDA raises estimates of wheat production in Russia and Ukraine The USDA raised its estimates of wheat production by Russia and Ukraine, the main exporters from the Black Sea region, by 2 million tons in 2019-20, and exports from the two countries by 1.5 million tons due to favorable weather conditions. Wheat production in Russia for 2019-20 is currently... 13.06.2019  12:49

• Official announcement on the future of the British steel company A British Steel official said: "We are continuing to work with stakeholders to figure out how to keep the company as a permanent asset. These are commercial confidential discussions." The company still trades and supplies steel products to its customers who continue to provide good support for... 12.06.2019  11:54

• China's steel exports fell 17% in May During May 2019, steel exports from the country fell by 16.6% at an annual level to 5.743 million tons and decreased by 9.2% in a month. In January-May, steel exports from China amounted to 29.093 million tons, which is 2.5% more than in the previous year. Market experts attribute the decline to... 12.06.2019  11:48

• Metinvest's debt refinancing wins European Commodity Financing Deal of the Year award Metinvest, a vertically integrated metals and mining group, is pleased to announce that TXF has named the Group's debt refinancing transaction the European Commodity Financing Deal of the Year in TXF's annual Best Deal of the Year competition, also known as the Perfect 10 rating. ". TXF is a... 12.06.2019  10:42