Metallurgy news

• Hot rolled steel prices in the CIS continue to decline Hot rolled steel prices in the CIS remain weak, although some producers are attempting to moderate gains on the back of a brief rise in prices in China over the past week. HRC rolls are sold at 430 € /t ($ 490 /t) in all markets including Europe, Turkey and Latin America. This price, equivalent t... 10.12.2018  08:30

• World Steel Association announces industry competition finalists The World Steel Association (worldsteel) has announced the finalists for the SteelChallenge-13 World Championship. The winners were selected from a regional championship held on November 28, 2018, in which about 1,900 participants from 48 countries took part. The annual competition is held to... 08.12.2018  10:32

• U.S. Trade Deficit Reaches 10-Year High The U.S. trade deficit jumped to a 10-year high in October as soybean exports fell and consumer goods imports rose to an all-time high, suggesting Trump's tariff measures to close the trade gap were likely ineffective. Other data showed that private employers hired fewer workers than expected in... 07.12.2018  13:58

• Zaporizhstal has repaired blast furnace No. 4 Within the framework of the program for technological modernization, Zaporizhstal launched a blast furnace No. 4 after a major overhaul. Investments amounted to about 100 million hryvnias. Within 15 days of overhaul, the bell-less charging device was replaced, new heat exchangers and cooling... 07.12.2018  13:52

• ArcelorMittal Kryvyi Rih carries out repairs of buildings and structures This year ArcelorMittal Kryvyi Rih is launching a large-scale program for the repair of buildings and structures, which was adopted in 2017. The program is designed for three years - for 2018–2020. This year alone, UAH 265 million was allocated for these purposes. Next year, the company will f... 07.12.2018  13:47

• German union demands 6% wage increase for steelworkers German union IG Metall on Tuesday demanded a 6 percent wage increase for 72,000 employees in the steel industry in the northwest of the country. The influential branch of IG Metall in the western state of North Rhine-Westphalia (NRW) also requires an annual bonus of 1,800 euros, which workers can... 06.12.2018  13:29

• POSCO C&C completes construction of a galvanized steel plant POSCO C&C has completed the construction of a new plant capable of producing 400,000 tonnes of galvanized and coated steel sheets. The company is currently able to supply one million tons of galvanized steel sheets per year, as it has already provided the capacity to produce 600,000 tons of hot-dip... 06.12.2018  10:44

• Turkish factories may suspend production of valves According to the International Association of Exporters and Manufacturers of Fittings (Irepas), Turkish factories may suspend production in the coming months due to reduced export opportunities and the "... disappearance" of domestic consumption. The US Congress is not going to vote for a new... 06.12.2018  09:59

• US coal consumption in 2018 will be the lowest in 39 years The EIA expects total U.S. coal consumption in 2018 to fall to 691 million tonnes (MMst), down 4% from 2017 and the lowest level since 1979. US coal consumption has been declining since its peak in 2007, and the EIA predicts that coal consumption in 2018 will be 44% lower than in 2007, mainly... 05.12.2018  10:27

• Prospects for China's Metallurgy China's steelmakers face their biggest test in three years as gloomy outlook for demand drives prices down and lowers margins. The world's largest steel market is cooling as the country's economy fluctuates amid internal pressures and the risk of a trade conflict with the United States... 05.12.2018  10:16