Metallurgy news

• US Steel plans to invest in a plant in Kosice US Steel is satisfied with its Slovak plant and is considering new investments to improve the competitiveness of the Kosice steel plant, rather than selling the division. “US Steel is the largest employer in Kosice and one of the largest in Slovakia and is an absolutely stable partner in this c... 23.07.2018  12:00

• Kobe Steel Clashes With Tokyo Prosecutors On Fake Data Allegations Kobe Steel Ltd, the third largest steel company in Japan, has charged Tokyo prosecutors with alleged violations of the Unfair Competition Law in Japan, Kobe Steel said in a statement. The crux of the problem Kobe Steel, which supplies steel and aluminum parts to aircraft, train and car... 20.07.2018  12:23

• Australia's South32 Beats Annual Coking Coal Production Forecast Australian mining division South32 Ltd on Thursday lowers its coking coal production targets for fiscal 2018, aided by higher-than-expected production at the Illawarra project. Coking coal production fell to 1.1 million tonnes in June from 1.4 million tonnes a year earlier, but was ahead of the... 20.07.2018  12:04

• U.S. Commerce Secretary defends steel and aluminum tariffs US Commerce Secretary Wilbur Ross again defended steel and aluminum tariffs, calling them necessary to revive both industries, especially given China's growth. "America's remarkable steel industry revitalization won't happen without President Trump's Section 232 tariffs," Ross said in a post... 20.07.2018  11:50

• Chinese company earned contract for steel plant in Philippines Chinese conglomerate Panhua Group has signed an agreement with the Philippine Economic Zone Authority to supply a $ 3.5 billion integrated steel mill. USA in the Philippines. Peza Deputy General Manager Teo Panga said the proposal was one of the agreements reached during the recent Philippine... 18.07.2018  12:19

• Completed multimillion dollar blast furnace upgrade in Bosnia and Herzegovina ArcelorMittal Zenica has completed a € 30 million refurbishment of its blast furnace, preparing the plant for 20 years of competitive steel production. In addition to the rebuilding of the blast furnace, other parts of the plant were also modernized, including power, sintering and steel mills and a ... 18.07.2018  12:10

• Dongkuk Steel Bypasses U.S. Import Restrictions Through Brazil Joint Venture Dongkuk Steel Brazil is expected to bypass US protectionist trade policies, as the US government recently decided to restrict steel imports from South Korea this year to 70% of the three-year average and maintain a 100% quota for Brazil. “South Korean steel companies cannot benefit from the c... 17.07.2018  14:01

• Vietnam: steel production growth to reach 20 percent Domestic steel production is expected to rise by 20 percent year-on-year this year, according to the Vietnamese Ministry of Industry and Trade. Of these, production will increase by 10 percent for construction steel, 5 percent for cold rolled sheet products, 15 percent for welded products and 12... 17.07.2018  13:55

• China's steel production is performing well China's steel exports rose to 6.94 million tonnes last month, the highest since July 2017, even after Washington imposed import duties to protect U.S. industries. June steel output was below 81.13 million tonnes in May, but one day less in June, setting a new average daily production record of... 17.07.2018  13:40

• US Tariffs Caused Steel Market Glut Steel prices around the world have declined due to surges as a result of looming tariffs on US steel imports. Speaking at the Indian Steel and Trade Conference, Sofia's Industry Minister Chaudhary Birandar Singh said: “Industry officials said that steel prices have declined worldwide. This is d... 16.07.2018  19:14