Metallurgy news

• Tariffs and Quotas Cannot Stop Growth in Turkey's Rolled Metal Exports For 10 months of 2018, the export of Turkish metal products increased, compared to the same period in 2017, by 15.5% to 16.8 million tons, providing an increase of 35.2% in monetary terms. The expansion of the Turkish metallurgical presence in the Latin American markets was observed, the volume... 05.11.2018  11:57

• Steel production in the CIS fell by 2.6% The monthly steel production statistics published by the World Steel Association (worldsteel) show a 2.6% drop in production in the CIS region in September this year. Another part of Europe was another region that reported production cuts. It should be noted that global production grew by 4.4% over... 05.11.2018  10:38

• Liberty House continues to acquire ArcelorMittal assets Following the acquisition of four ArcelorMittal plants in Europe in mid-October, Liberty House Group went to acquire an additional stake in ArcelorMittal related to its takeover of Ilva. Liberty has submitted a mandatory bid for the acquisition of ArcelorMittal Dudelange (Luxembourg) and the... 05.11.2018  08:42

• MMK is cautious in its forecasts after the strongest quarter in a decade Russian steelmaker MMK reported its strongest quarterly earnings in a decade, up 26% from a year earlier, but warned that lower global steel prices could affect fourth-quarter earnings. The Group's third quarter revenue before tax and amortization (EBITDA) was USD 671 million, the highest since... 04.11.2018  17:54

• Russia joins EU and Turkey in tariff dispute Russia joins a number of countries challenging the legality of import taxes on steel and aluminum imposed by the United States in April this year following a Section 232 investigation. The country's Ministry of Economy asked the WTO to set up an arbitration commission to hold a number of... 03.11.2018  13:15

• Production results of MMC of Ukraine for October and early 2018 In October 2018, metallurgical enterprises of Ukraine produced: 1.78 million tons of pig iron, which is 6% more than in September of this year; 1.77 million tonnes of steel, down 1%; 1.52 million tonnes of rolled metal, down 2%. According to the results for 10 months of 2018, MMC of Ukraine... 03.11.2018  12:45

• India will increase customs duty on imports of aluminum scrap The Indian government plans to raise the import duty on aluminum in an effort to protect domestic aluminum players. The industry has been pushing for higher import duties on primary aluminum as well as scrap aluminum, especially due to the phenomenal jump in imports over the past few months. The... 02.11.2018  11:59

• In September, the volume of production of EU-28 steel amounted to 13.945 million tonnes The EU-28 countries reported a jump in steel production in September 2018 from the previous year. The region is lagging behind global production growth. While global production rose 4.4% over the month, European production rose marginally by 0.2%. Statistics released by the World Steel Association... 01.11.2018  11:47

• Luxembourg unions worry about the future of ArcelorMittal Dudelange Luxembourg unions LCGB have issued a press release to express their concerns about the future of ArcelorMittal Dudelange. The plant is currently being sold along with a number of lines controlled by the group in Liege, Belgium. In a statement, the unions confirmed that there are rumors of... 01.11.2018  11:15

• Steel will remain an important material for car makers - AISI American Iron and Steel Institute President Thomas J. Gibson commented on the future of the industry: “We believe steel will remain a critical component for automakers. We are in favor of one national environmental standards program because we believe it is best for the automakers, the automotive s... 01.11.2018  11:03