Metallurgy news

• ArcelorMittal predicts increased steel demand for fiscal 2019 ArcelorMittal, the world's leading integrated metals and mining company, announced financial results for the last quarter and year ended December 31, 2018. Operating profit for the full 2018 fiscal year was up 20.3% year-on-year to $ 6.5 billion. EBITDA also rose 22.1% to $ 10.3 billion.... 09.02.2019  10:47

• US steel imports fell 11% The American Iron and Steel Institute (AISI) reported a marked reduction in steel imports to the country during 2018. Imports recorded a sharp decline of 11% over the previous year. According to the latest data, the country's steel imports amounted to 31.834 million tons, of which 24.016 million... 08.02.2019  13:58

• Indian Steel Exports Grow 16.7% In 2017-18 Exports of finished steel products from the country increased by 16.7% to 9.62 million tonnes in 2017-18, including 8.73 million tonnes of unalloyed steels and 0.89 million tonnes of alloy /stainless steels. India exported 8.25 million tonnes of finished steel, including 7.59 million tonnes of... 08.02.2019  09:40

• Sales results of ArcelorMittal Kryvyi Rih in 2018 In 2018, sales of metal products manufactured by ArcelorMittal Kryvyi Rih amounted to 4.5 million tonnes. Of these, 65% are finished products (rebar, wire rod and grade), the share of square billets decreased by 2% compared to 2017 - from 29% to 27%, and cast iron increased to 9% (+ 2%). In... 07.02.2019  15:39

• EU tries to force UK to charge VAT on metals and commodities trade Action by the European Commission to have Britain levy value added tax on trading platforms such as ICE Futures Europe, London Platinum and Palladium Market (LPPM) and London Metal Exchange (LME). The Commission has been reviewing a zero-rate VAT on derivatives trading in the UK for several... 07.02.2019  10:03

• Steelworkers strike in Germany About 1,400 workers in the North Rhine-Westphalia steel industry took part in a warning strike on Tuesday with the announcement of the next strike, which will be followed by further protests, said the German metallurgical union IG Metall. Work was interrupted at nine metallurgical plants owned... 07.02.2019  09:27

• In Russia, prices for iron ore pellets increased in Severstal Russian mining and metals group Severstal said iron ore pellet prices rose in the fourth quarter and production fell to 2.94 million tons from 3.3 million tons a year earlier. Severstal iron ore pellet sales averaged $ 101 /t in the fourth quarter, up from $ 73 /t in the fourth quarter of 2017... 07.02.2019  09:17

• Merkel pledges support for 2038 coal phase-out deadline German Chancellor Angela Merkel said on Tuesday that her country will stop producing electricity from coal by 2038, showing its support within the timeframe recommended by a government-appointed commission. The so-called coal commission said last month that Germany must close all of its... 06.02.2019  10:43

• World Steel Association highlights major industry challenges The World Steel Association (worldsteel) has highlighted two key issues that the global steel industry may need to address in the near future. In his message, Edwin Basson, CEO of Worldsteel, identified climate change and cyclical manufacturing as two major areas in which the metals industry can... 06.02.2019  10:35

• Brexit will lead to loss of 5 percent of revenues for the UK metallurgy The unfavorable Brexit conditions will lead to complications for the British steel industry, causing losses in excess of £ 70 million a year. Exports and imports of rolled metal will be disrupted due to "additional administration, costs and delays at the border." In 2018, the UK exported £ 1.8 b... 05.02.2019  19:58