Metallurgy news

• Political Uncertainty Holds Down Expansion of Ilva Production Troubled Italian steel mill Ilva is set to further boost productivity following the recently relaunched heavy slab production at its site in Taranto. However, a complete reboot of the company remains in limbo due to continuing uncertainty in Italian politics. Heavy plate production was resumed... 03.06.2018  12:24

• AK Steel Introduces New High Performance Electrical Steel AK Steel has announced the launch of a new category of electrical steels for use in high voltage and supervoltage power transformers. The new product range is expected to help power transformer manufacturers achieve significant improvements in the overall efficiency of their products. The new... 01.06.2018  10:06

• India controls duty-free gold imports from Russia The Indian government is considering a proposal to import gold from Russia to support the gem and jewelry export sector. This was announced by Minister of Trade and Industry Suresh Prabhu during an interview. The proposed scheme, if implemented, will help the country save currency, as well as... 01.06.2018  09:56

• Iron ore price remains above $ 60 per ton The world price for iron ore should not fall below $ 60 per tonne, Brazilian Secretary General Vale Fabio Schwarzman said. The chief executive addressed the Brazilian Investment Forum in Sao Paulo. This is the estimated “baseline” for the product during 2018. This happens when the iron ore mar... 31.05.2018  09:34

• Scrap metal use in steel production increased in 2017 The global use of ferrous scrap for the steel industry rose to a higher level of steel production last year, according to a report by the Bureau of International Recycling (BIR) published at its annual conference in Barcelona. This led to an increase in the share of EAF steel production globally... 31.05.2018  09:28

• China's iron ore trade is weak Iron ore prices in Chinese ports remain stable. Some traders tend to stimulate sales due to lower costs, while most of them are still on standby and watch. Steel mills have low buying interest as they maintain sufficient demand for iron ore. While steel mills are not active in purchasing,... 30.05.2018  17:13

• ArcelorMittal to sell stake in Macsteel The ArcelorMittal group in South Africa will sell its 50 percent stake in trading and shipping company MIHBV to its joint venture partner Macsteel Holdings Luxembourg (MacHold) for $ 220 million, the steelmaker said this week. The company's share price rose more than 24 percent. “The proceeds f... 30.05.2018  16:35

• EU discusses options for US imposition of duties on steel and aluminum Even if the US excludes the EU from the list of applicants for additional duties on steel and aluminum, they could quantitatively restrict market entry, as EU Trade Commissioner Cecilia Malmstrom said in Strasbourg. US President Donald Trump imposed a 25 percent duty on steel imports and a 10... 30.05.2018  13:05

• Vale Announces Key Outlooks for Iron Ore Production in 2018 Brazilian miner Vale expects iron ore production at its advanced S11D mine to reach 58 million tonnes this year, surpassing the official forecast of 50 million to 55 million tonnes, said a person familiar with the matter. The expected increase is mainly attributable to sales of higher pollutant... 29.05.2018  10:59

• Kyoei Steel Keeps Rebar Prices In June Contracts Kyoei Steel, the largest manufacturer of rebar products in Japan, announced Thursday that it will keep rebar prices unchanged for June contracts. The company did not disclose its pricing policy, but the current market price for base size rebar in Osaka was around $ 67,000-68,000 /t ($ 611-620... 26.05.2018  11:17