Metallurgy news

• 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

• The sixth blast furnace stopped at Azovstal for overhaul Metinvest Group continues to modernize blast furnace production at the Azovstal steel plant in accordance with the Technology Strategy-2030. The blast furnace (BF) No.6 was shut down for overhaul. The modernization of the blast furnace will improve its energy efficiency, reduce production costs and... 12.06.2019  10:23

• ArcelorMittal Kryvyi Rih invests in wastewater monitoring system ArcelorMittal Kryvyi Rih put into operation the second waste water quality control post. Thus, the company has completed the implementation of a modern automated wastewater monitoring system, which has no analogues in Ukraine. Investments amounted to UAH 12.2 million. ArcelorMittal Kryvyi Rih... 11.06.2019  14:57

• Steel industry faces tougher environmental regulations South Korea's increasingly stringent environmental regulations are hampering the steel industry, which is already plagued by falling sales and rising raw material prices. Last week, three regional governments representing South Chuncheon Province, North Gyeongsang Province and South Jeolla... 11.06.2019  14:48

• Turkish HRC factories stifle export sales On Monday, the export market for hot rolled coil products in Turkey remained calm after a week of holidays in Bayram suspended the market. Market participants expected Turkish mills to show some signs, but the mills remained mostly on the fence. This was partly due to the lack of available tonnage... 11.06.2019  14:45

• Gold Expects Biggest Weekly Gain Since March 2018 Gold prices stabilized on Friday but continued to move towards their biggest weekly gain since March 2018, after rising expectations for a US rate cut and concerns over trade disputes boosted demand for bullion. However, having failed earlier this week to break the 2019 high of $ 1,346.73,... 10.06.2019  15:19

• India's iron ore production hits 10-year high The country's iron ore production rose to a decade-record level of 220 million tonnes in fiscal 2019, up 9.5% year on year from 201 million tonnes in fiscal 2018. Analysts are betting on the ongoing growth in ore mining this fiscal year. Their positive sentiment comes from merchant miners... 10.06.2019  15:15

• Tata Steel Europe sells business Tata Steel Europe announced that it has signed a business purchase agreement with William King Limited to sell Firsteel's assets. Last May, the company announced it was looking for a buyer for Walsall, UK-based Firsteel and its associated business units. The sale is considered part of Tata Steel's... 10.06.2019  14:38