Metallurgy news

• Severstal is optimistic about future production Russia's Severstal, one of the country's largest steelmakers, reported a 25% lower Q3 baseline profit year-on-year, albeit slightly below analysts' forecasts. The company's shares were stable during trading on the Moscow stock exchange. Earnings before interest, taxes, depreciation and... 22.10.2018  12:32

• In October, the profitability of the metallurgical enterprises of Turkey and China will fall S&P Global Platts predicts that operating margins at steel mills in China and Turkey, which fell in September, will fall further this month on stronger coal and iron ore costs. There has been a situation where higher prices for imported coking coal, while prices for Chinese HRC and rebar... 22.10.2018  12:21

• Chinese rescuers ready to free miners Chinese authorities sent rescuers to rescue miners trapped after a coal mine accident in eastern Shandong province late Saturday, according to Chinese state media. An explosion Saturday night destroyed part of a drainage tunnel at a coal mine, killing two and capturing another 20 workers, the... 22.10.2018  11:38

• China sets new record for steel production Ahead of winter flock production restrictions as part of environmental measures, Chinese steelmakers have recorded production at record levels. Steel output rose 7.5% year on year to 80.85 million tonnes. This means that the daily rate is 2.695 million tons, surpassing the previous record high... 21.10.2018  13:15

• PJSC "ArcelorMittal Kryvyi Rih" proposes to introduce private traction at pilot sites Enterprises consider the increase in their own car fleet and the introduction of private traction on the railways of Ukraine not as a business, but as an opportunity to fulfill their contractual obligations, said Andrey Moroz, head of the external logistics department of ArcelorMittal Kryvyi Rih... 20.10.2018  12:09

• Spanish environmentalists demand the closure of mines A group of activists "Environmentalists in Action" and other organizations visited the European Parliament in Brussels and demanded the closure of all active mines in Spain. Supported by MP Xabir Benito, environmentalists organized a conference entitled "Mining in Europe: A New Challenge". At... 19.10.2018  12:18

• The rise in iron ore prices undermines the logic of the economy China's switch from industrial production to increased consumption is affecting everywhere, except for the production of iron ore miners. Vale SA, Rio Tinto Group and BHP Billiton Ltd., which together produce nearly half of the iron ore. The data presented data for the September quarter, which... 19.10.2018  11:37

• Indian Steel Demand Forecasted To Stronger In 2019 In October 2018, a report released by the World Steel Association (worldsteel) predicts rapid growth in steel demand in India in 2018 and 2019. The country is likely to maintain a positive global demand for steel demand, which is expected to grow by 7.5% in 2018 and 7.3% in 2019. The country that... 19.10.2018  11:17

• Outokumpu receives a shipment of radioactive scrap metal from the Netherlands and the Baltic States The Outokumpu Torino steel mill in Finland has confirmed the presence of radioactive elements for the fourth time since July this year. According to a report from the Radiation and Nuclear Safety Authority STUK, radioactive material was found in a batch of scrap metal at the plant and the same was... 18.10.2018  14:23

• Chinese steelworkers penetrate deeply into Korean steel market Chinese steelmakers are penetrating deeper and deeper into the Korean steel market, and Korean steelmakers are struggling to cope with rising US protectionism. There is the possibility of cheaper Chinese products expanding their share of the Korean steel market as increased orders from Korean... 18.10.2018  10:53