Metallurgy news

• Record steel production in China China's steel production in October reached a record 82.55 million tons, up 9.1% from the corresponding month last year, data released by the National Bureau of Statistics showed on Wednesday. The annual growth rate in September is 7.5%. Daily smelting in October reached the level of 2.663... 15.11.2018  12:13

• Tata Steel's net profit tripled Tata Steel Ltd reported more than threefold growth in net income in the second quarter, easily outperforming market valuations, boosted by strong sales in India. Net income was Rs 31.16 billion (USD 428.79 million) in the second fiscal quarter ended September 30. Then, as a year earlier, the... 15.11.2018  12:05

• Brazilian Pig Iron Export Prices Maintain Stable Outlook Brazilian pig iron export prices began to flatten due to poor demand, mainly in the US and Mexican markets. However, the onset of the country's rainy season in early November could provide some price support as production declines. According to the sources, the average export price of pig iron... 14.11.2018  11:02

• Turkey introduces global tariff quotas for rolled metal imports Turkish President Recep Erdogan signed Decree No. 138 to introduce interim safeguards in the form of a global tariff quota of 200 days for imports of rolled metal, regardless of the country of origin and export. This tariff quota began on October 17, 2018 and will last until May 4, 2019. At the... 13.11.2018  12:36

• ArcelorMittal Kryvyi Rih supplies rolled metal products for the construction of LvivTechCity park PJSC "ArcelorMittal Kryvyi Rih" supplied the first batch of its reinforcing bars in the amount of 176 tons for the construction of LvivTech.City. The rebar is shipped directly from the warehouse of PJSC "ArcelorMittal Kryvyi Rih" in Lviv. The innovation park in Lviv will occupy 4.8 hectares, the... 13.11.2018  12:29

• Galati Steelworks increases steel production by 50% in Romania Sanjeev Gupta, executive chairman of the GFG Alliance that owns Liberty Steel, has made a major investment in Galati Steelworks, Romania. GHG previously announced the acquisition of the plant from ArcelorMittal. The deal is expected to be completed by early next year. According to the company, the... 13.11.2018  12:13

• Severstal's positive outlook Russian vertically integrated steelmaker and mining company Severstal believes global steel demand is slowing from 1.9% in 2019, up from a previous estimate of 2.1%. Overall, despite sharp declines in demand in some areas, reduced production in China and continued growth in global demand will... 13.11.2018  12:08

• How steel tariffs affected the supply of American factories The American Iron and Steel Institute (AISI) reported a significant drop in steel shipments to American plants in September. Shipments by US steel mills were 7.812 million tonnes, down 7.5% from the previous month. In August this year, deliveries amounted to 8.442 million tons. However, shipments... 12.11.2018  12:48

• TMK IPSCO opens a new line of external coating equipment Russian manufacturer TMK, a market leader in tubular products for the oil and gas industry, has commissioned new coating equipment at its Wilder TMK IPSCO facility in North America. The coating protects the pipeline from corrosion and mechanical damage. The plant manufactures pipes up to 24... 12.11.2018  12:21

• World steel production will increase by 4.6 percent in 2018 Global steel production is projected to grow 4.6 percent year-on-year to 1.79 billion tonnes in 2018. This significant increase was driven, in part, by the expected 6.3 percent gain in steel production in China. After the closure of unapproved facilities, the Chinese authorities can now obtain a... 12.11.2018  12:05