Metallurgy news

• Iron ore futures in China rise amid speculation in the market Iron ore futures in China fell for a second straight session on Wednesday, as the market expected clarity on the extent of the supply disruption following Vale SA's dam closure. Steel prices also fell, with the most active rebar contract ending on day two, as concerns over weak demand in China... 14.02.2019  09:09

• EU significantly reduced quotas for the supply of valves to Turkey Turkish rebar exports to the EU could be cut by 60% as a result of protective quotas, according to Namik Ekinci, chairman of Turkey's Steel Federation. Turkish factories have reduced the utilization of their valve production facilities due to reduced demand in the Middle East and the United... 14.02.2019  08:59

• Vale iron ore mine disaster negatively impacts Chinese factories Chinese steel mills may be forced to change their way of working as a result of reduced availability of higher grades of iron ore following the collapse of a dam at a mine owned by Brazil's Vale. The exact implications for the supply of iron ore and China's huge steel sector from the Corrego do... 13.02.2019  18:13

• Dneprospetsstal: production results in January 2019 In January 2019, PrJSC Electrometallurgical Plant Dneprospetsstal named after A.N. Kuzmina ”delivered 14,548 tons of steel, which is 19.9% ​​less than last month. During the same period, the Company produced 11,441 tons of rolled metal, which is 3.8% less than in December 2018. The total cost of ... 13.02.2019  17:08

• Interpipe increased sales by 12% in 2018 In 2018, the Ukrainian industrial company Interpipe increased sales of pipe and railway products in tons by 11.7%, demonstrating the best result over the past five years. Growth is noted across all types of products and in all key sales regions. The total sales volume reached 857 thousand tons. The... 12.02.2019  12:42

• US Steel resumes construction of its electric arc furnace at Fairfield US Steel in Pittsburgh has announced the resumption of construction work on a state of the art electric arc furnace (EAF) at its steel mill in Fairfield, Alabama. The company resumed construction on EAF in March 2015, but suspended work by December 2015 due to unfavorable market conditions. Very... 12.02.2019  10:28

• Indian steel production drops 4% to 8.99 million tonnes in January India's crude steel production fell 3.84 percent in January 2019 to 8.995 million tonnes, according to the Ministry of Steel (JPC). The drop is reported after the World Steel Association (worldsteel) recently announced that India had replaced Japan as the second largest steel producing country in... 12.02.2019  10:23

• Steel billet prices in the CIS continue to rise Billet prices in the CIS continue to rise, reaching $ 450 per tonne via the Black Sea for closed deals, with major producers currently supplying $ 450-460 per tonne on FOB terms. The Russian company sold a billet vessel to the Middle East at this level, the first in several months, indicating... 12.02.2019  10:12

• Concrete or steel to build a wall on the Mexican border? President Barack Obama is said to have proposed this wall 10 years ago, and the idea of ​​building the wall has been around for at least 200 years. Illegal immigration has always been a problem. Then the smart leaders saw the problem, discussed it, and worked to solve it. The idea of ​​a wall is not... 10.02.2019  17:20

• Vale forced to cut iron ore exports after Brazilian iron ore producer Vale will prioritize domestic steel producers over export customers in supplying pellets and other iron ores following a shutdown at some of its mines following the collapse of the Corrego do Feijo Dam in the southern system. Steelmaker Voestalpine said Thursday that... 09.02.2019  10:57