Metallurgy news

• Vale's iron ore production will only grow if prices rise The chief executive officer of Brazil's Vale SA, the world's largest iron ore producer, said in an interview published on Sunday that the company would only ramp up annual production to 450 million tons if prices rise. Vale CEO Fabio Schwarzman told Estado de S. Paulo newspaper that the company... 28.08.2018  11:45

• World steel production in July World steel production for 64 countries representing the World Steel Association (worldsteel) was 154.6 million tonnes in July 2018, up 5.8% from July 2017. Steel output in China in July 2018 amounted to 81.2 million tons, which is 7.2% more compared to July 2017. India produced 9 million tonnes... 28.08.2018  11:13

• Scrap metal remains competitive The global outlook for ferrous scrap prices has been overshadowed by trade tensions over Turkey, the world's largest importer of scrap metal. However, when policies, tariffs and currency valuation are set aside and the current pricing environment for raw steel is considered, scrap is a... 27.08.2018  14:20

• China Steel raises steel prices citing demand China Steel Corp, Taiwan's largest steelmaker, yesterday raised domestic steel prices for next quarter delivery by 1.4 percent as new infrastructure projects and new housing projects spur demand. And this trend is observed in many countries of the world. The latest price increase of $ 326 per... 27.08.2018  14:13

• Nippon Steel Sees New Opportunities In India Japan's chief steelmaker Nippon Steel & Sumitomo Metal Corp views India as the most promising market and wants to become an “insider” to capitalize on the growth of the world's third-largest steel market, the executive said. “India will become the fastest growing steel market in the world in the ... 27.08.2018  12:10

• The legitimacy of Ylva's acquisition is in doubt Italian Minister of Economic Development Luigi Di Maio said that in his opinion, the tender in which ArcelorMittal was awarded the acquisition of the steel company Ilva last year, "... is not legitimate." Over the past three months, the new minister has looked into the tender and finally... 25.08.2018  11:16

• USA gets tough on large diameter welded pipe imports The United States Department of Commerce (USDC) has published preliminary findings in an Anti-Dumping Service (AD) study on large diameter welded pipe (LDWP) from Canada, China, Greece, India, Korea and Turkey. The American Pipe Manufacturers Association (ALPPA), an internal coalition of large... 25.08.2018  11:05

• PJSC "ArcelorMittal Kryvyi Rih" supplies rolled products for the construction of wind farms PJSC "ArcelorMittal Kryvyi Rih" won the tender for the direct supply of reinforcing bars for the construction of a new wind power plant (WPP) in the village. Overyanovka, Kherson region. The fittings of the enterprise are used in the construction of foundations for wind generators of a new power... 23.08.2018  12:47

• Mechel releases 1H 2018 operating results Mechel, one of the leading Russian mining and metallurgical companies, announces its operating results for the first half of 2018, which were commented on by Oleg Korzhov, Chief Executive Officer of Mechel PAO, step by step: “The renewal of mining equipment at Mechel's coal facilities has a... 23.08.2018  11:02

• The future of Norwegian oil production in question If environmentalists win this battle, the future of Norwegian oil will be in question. A complete withdrawal from oil and gas exploration in the Lofoten region could jeopardize exploration in the Barents Sea shelf, which is estimated to contain up to 16 billion barrels of the main raw materials, to... 23.08.2018  10:49