Metallurgy news

• Profits of Chinese steel companies grow 86% in the first three quarters China's steel industry increased profits in January-September, along with improvements in environmental protection and a reduction in leverage, according to industry association data. According to the China Metallurgical Sector Association (CISA), the industry's total profit grew 86% year on... 06.11.2018  11:17

• Global DRI Output Drops Significantly In September Preliminary data released by the World Steel Association suggests that global sponge iron (DRI) production recorded a marginal decline throughout September this year. Compared to the previous month, production decreased by 1.5%. In September this year, DRI production was 6.828 million tonnes, up... 06.11.2018  10:56

• PJSC "ArcelorMittal Kryvyi Rih" renovates filling and distribution points for mining and railway equipment PJSC "ArcelorMittal Kryvyi Rih" has completed the construction of an outfitting center at the railway station "Karyernaya" intended for refueling diesel locomotives, railway cranes for repairing tracks and filling petrol stations. The latter deliver fuel from the point to the quarry for refueling... 05.11.2018  12:13

• 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