Metallurgy news

• LatAm Steel Association reacted to China's withdrawal of WTO claim China claims that under the terms of its 2001 WTO membership, it should be recognized as a market economy in 15 years. The Latin American Steel Association (ALACERO) noted in a press release that China's recent withdrawal from the WTO claim over China's market economy status confirms that the... 21.06.2019  12:26

• US Steel will reduce capacity in a weak market US Steel plans to cut capacity in the near future to cope with volatile market conditions. “In response to current market conditions, we are taking action in line with our strategy to adjust the global footprint of the blast furnace,” the company said in a statement. "We are idling two blast fur... 21.06.2019  12:04

• European contracts for import /export of scrap are falling European contracts for the import /export of scrap from France and Germany to Italy and Spain for June are in the process of closing lower by 10 euros /tonne ($ 11.2 /tonne) compared to May. However, not all contracts have been signed and some of them may be negotiated at a price lower by 5 € /... 21.06.2019  11:59

• Vallourec Niko Tube Joint Venture Reaches Design Capacity Vallourec Niko Tube is a joint venture between the world leader in premium pipe products Vallourec and the Ukrainian industrial company INTERPIPE in a partnership announced in April 2018 to produce seamless pipes for the European market. The production facilities of Vallourec Niko Tube are... 20.06.2019  18:03

• Fall of the steel market in China The outlook for the Chinese market has turned grim in several years as high steel production, falling new orders and rising inventories put strong pressure on domestic steel companies. The S&P Global Platts China Steel Sentiment fell to 8.42 out of a possible 100 in June, the index's... 20.06.2019  12:11

• Steel export from Iran exceeded 1 million tons in 2 months Iranian steelmakers exported 1.04 million tonnes of steel in the first two Iranian months (March 21-May 21) to record a 15% decline year-on-year, according to the latest data released by the Mining and Extractive Development Organization branches of Iran. Steel mills shipped 609,349 tons during... 20.06.2019  12:05

• Use of the tariff quota for the import of Ukrainian rolled metal products into the EU The use of the quota within the framework of the final protective measure established by the European Commission in relation to rolled metal products originating from Ukraine and imported into the EU countries is analyzed. The measures apply to 14 categories of Ukrainian metal products, of which... 20.06.2019  11:25

• Zaporizhzhya Foundry and Mechanical Plant received a certificate of compliance with the international eco-standard The production processes at the Zaporizhzhya Foundry and Mechanical Plant comply with the criteria of the international environmental standard ISO 14001: 2015. This conclusion was made by the specialists of the leading audit company TÜV SÜD based on the results of the certification audit that took p... 19.06.2019  14:58

• Recovery in steel prices is needed to offset high raw material prices T.V. Narendran, CEO of Tata Steel and MD, in an interview with ETNOW, answering the question, “Are you also concerned about the rise in iron ore prices, both domestically and globally? Also, the fact that this is not accompanied by a simultaneous rise in steel prices? " Said, “In the last few mon... 18.06.2019  15:23

• Production results of MMC of Ukraine in May 2019 In May 2019, the metallurgical enterprises of Ukraine produced: - pig iron - 1.68 million tons (a drop of 9% compared to April 2019); - steel - 1.83 million tons (down 6%); - rolled products - 1.74 million tons (an increase of 6%). During 5 months of 2019 produced: - iron ore... 18.06.2019  15:17