Metallurgy news

• Steel prices in China increase losses due to slowdown in demand Chinese steel futures fell for the third straight session on fears of weaker demand next year as prices for steel raw materials, coking coal and coke retreat. Highlighting weak consumption, leading steel mill Baoshan Iron & Steel Co Ltd said Monday it will cut prices for its key products for... 13.12.2018  11:20

• Wire rod of PJSC "ArcelorMittal Kryvyi Rih" will replace imported in the production of frames for brake systems "Ukrzaliznytsia" Ukrainian wire rod has become an alternative to the supply of Chinese metal products, which were previously used in the manufacture of pads for brake systems of locomotives and freight cars of Ukrzaliznytsia. In October, PJSC ArcelorMittal Kryvyi Rih dispatched the first batch of its metal... 12.12.2018  17:39

• ArcelorMittal calls on Europe to introduce carbon offset tax Metallurgical concerns are alarming that the costs of the European Union's climate policy could raise steel prices or even double them. This is why ArcelorMittal is pushing for a carbon offset charge at the EU borders. An alternative is to relocate steel production to countries where climate... 12.12.2018  13:45

• Wire rod buyers demand an increase in EU quota European wire rod buyers are asking the European Commission to revise its limit on product imports, as the available quota lags far behind actual demand. According to Eunirpa, the European Association for Non-Integrated Wire Rod Producers, wire rod imports in 2018 will be 2.6 million tonnes,... 12.12.2018  13:25

• Liberty House aims to build a major steel mill in Australia The GFG Alliance and Liberty House have launched a plan to build a new 10 million tonnes per year steel plant next to an existing South Australian steel plant in Whyalla state. People would most likely call the plan "... crazy," said group owner Sanjeev Gupta, but "the project will start with a... 12.12.2018  09:45

• Indian steel companies may lower prices for flat metal products Steel companies are likely to cut flat steel prices to Rs 1,500 per tonne, one of the sharpest changes this fiscal year. The potential drop is due to a global decline in prices, a decrease in exports from India and an increase in imports from countries such as Korea and Japan. Globally, steel... 11.12.2018  10:59

• This year, American mills have increased the supply of steel Steel shipments by American factories grew significantly during October 2018, according to recent statistics published by the American Iron and Steel Institute (AISI). This is compared to the corresponding period last year. Shipments also showed a marked increase over the previous month. In... 11.12.2018  10:42

• China's steel production to hit record high in 2018 China's annual steel production is expected to set an annual record of 923 million tonnes in 2018, before falling to 900 million tonnes next year. This was announced by the government on Monday. According to Li Xinchuang, the president of the world's largest steelmaker jumped from 831.73 million... 11.12.2018  10:33

• China deepens production restrictions to combat smog Steel mills and other industrial plants in China's main steel city, Tangshan, were ordered Saturday to make further production cuts in December as part of emergency measures to tackle smog. The order of the local government came in connection with the forecast that from December 9 to December 31... 10.12.2018  08:49

• Indian steel production up 4% in November India's steel production rose 3.8 percent in November to 8.92 million tonnes in November 2018, according to the Joint Steel Committee (JPC). In the same month last year, the country produced 8.60 million tonnes of crude steel, according to the latest JPC report. State-owned companies SAIL,... 10.12.2018  08:40