Metallurgy news

• Posco hires 20,000 new employees Over the next five years from 2019, South Korea's Posco steel company will invest 45 trillion won (US $ 40.5 billion) in its steel and clean energy facilities, creating about 20,000 jobs in the process. in a company message on Monday. The plan marks the first major investment announcement by the... 10.09.2018  10:04

• China's steel production hits new high Despite a three-year campaign to cut overcapacity and government restrictions to combat smog, the country's steelmakers continued to set monthly production records. China's steel production rose 7.2 percent in July from a year earlier to 81.24 million tonnes, according to the National Bureau of... 08.09.2018  15:09

• ArcelorMittal came to an agreement with the trade unions of the Ilva plant ArcelorMittal has agreed with the unions of the largest steel mill in Europe, Ilva ("Ilva"), in the Italian city of Tarencie. Thus, bringing the acquisition process to the home stretch. In May, ArcelorMittal received approval from the European Commission for the purchase of Ilva. However, this... 08.09.2018  11:08

• In August 2018, coal production in Ukraine reached 2,904 thousand tons In August 2018, coal mining enterprises of Ukraine of all forms of ownership produced 2,904,151 tons of coal. The plan was fulfilled by 103%, according to the report of the Ukrainian coal industry. In particular, the production of coal mines under the control of the Ministry of Energy amounted... 07.09.2018  10:59

• Indonesia to introduce up to 10% import tariffs on processed products The Indonesian government plans to impose 7.5-10 percent tariffs on imports of processed products to restrict imports. For raw materials, import tariffs will be 2.5 percent. The Industry Ministry explains that the government plans to complete a revision of import tariffs this month to improve... 06.09.2018  09:30

• ArcelorMittal Achieves Top Energy Efficiency Results in USA Leading steelmaker, ArcelorMittal, has been honored with two awards for the industry's largest energy management effort on a variety of projects. The company's American businesses, through various innovative energy conservation measures, have resulted in savings of approximately US $ 257 million... 05.09.2018  11:37

• Coal in Europe is approaching $ 100 Coal prices in Europe are on track to exceed US $ 100 per tonne, the highest level since 2013, as China's demand for electricity attracts more cargo of the dirtiest fossil fuels. China is the world's largest coal-consuming country. Its demand for fuel cargo at major coal sites in the Atlantic... 05.09.2018  11:02

• India's steel exports to the United States fell 42% Indian steel exports to the US fell 42% during the first quarter of the Indian financial year. The sharp decline in export volumes came at the expense of steel import duties recently imposed by the Trump administration. India, despite several rounds of negotiations with its American counterparts,... 05.09.2018  10:38

• South Korean metallurgists ask for exemption from US import quota Major South Korean steel companies have called on the US government to remove some of its products from the 70 percent US steel import quota, industry sources said Monday. POSCO-AAPC, an automotive steel mill of South Korea's leading steel company POSCO, recently asked the Department of Commerce... 04.09.2018  11:21

• Indonesian Steel Products Receive US Tax Exemption The United States has decided to exempt 19 Indonesian steel products, namely carbon and alloy and stainless steels, from its 25 percent tariffs, Commerce Secretary Enggartiasto Lukita said. The US government’s decision was taken on August 2, Enggartiasto said, claiming it was the result of an I... 04.09.2018  11:15