Metallurgy news

• Steel production growth in India slows down In India, steel production increased 4.5% to 102.34 Mt in the 2017-18 fiscal year ended March 31, reflecting slower growth from a year earlier. While steel output increased 8.5% in 2016-17 after higher anti-dumping duties on sheet steel products curbed imports and helped mills boost domestic... 07.05.2018  13:30

• Growth in demand for rolled metal products in China is expected The China Purchasing Managers Index, or PMI, rose 1.1 basis points in April from March to 51.7, according to the latest statement from the CFLP Steel Logistics Professional Committee's index compiler. The index holds above 50 points for the second month in a row. The April index shows that... 04.05.2018  11:33

• The management of ArcelorMittal Kryvyi Rih has been negotiating with representatives of the labor collective for almost a day Negotiations on the settlement of disagreements between the management of ArcelorMittal Kryvyi Rih and representatives of the labor collective began on May 3 at 14-00 and as of 9-00 on May 4 were not completed. We were informed about this in the press service of ArcelorMittal Kryvyi Rih, stressing... 04.05.2018  09:15

• Operational indicators of the MMC of Ukraine in April and 4 months of 2018 According to the operational data of Ukrmetallurgprom, in April 2018, metallurgical enterprises of Ukraine produced: pig iron 1.64 million tons (98% versus March 2018), steel 1.69 million tons (99%), rolled stock 1.48 million tons (98%). A slight decrease in the production of main types of... 03.05.2018  19:01

• Vietnamese steel imports in January-April fell by 6.4% Vietnam imported over 4.2 million tonnes of steel and pig iron for a total of about $ 3 billion between January and April, up 24.6% from 6.4% year-over-year, according to data General Directorate of Customs of Vietnam. In four months, all steel mills in Vietnam produced 3.2 million tons of... 03.05.2018  10:13

• Excessive supply of rolled metal in the EU will be balanced in 2018 While growth and imports of domestic production are increasingly outstripping exports, the latest forecast by the World Steel Association, published in April, suggests that EU demand will grow 2% in 2018 to 165.6 million tonnes, and there will be a decline in supply. if current levels of production... 03.05.2018  10:08

• USA introduces anti-dumping on wire rod imports The United States will levy anti-dumping duties on imports of carbon and alloy steel wire rods because of their detrimental effects on domestic industries, the US Chamber of Commerce said Tuesday. The US International Trade Commission said it determined that the domestic industry was "materially... 03.05.2018  09:52

• US decision increases market uncertainty The US decision to postpone the entry into force of EU duties on steel and aluminum until June 1 prolongs the uncertainty in the rolled metal market, which is already affecting business decisions. The future of free trade in Europe and in the world will be one of the topics of the session during... 02.05.2018  12:15

• Kobe Steel continues to be at the center of the scandal The criminal investigation ushers in a new round of scandal that began when Kobe Steel admitted last October to widespread product quality certification data fraud, causing disruptions in global supply chains. The company's shares fell 4.3 percent to 0349 GMT. Kobe Steel, a Japanese company that... 02.05.2018  12:02

• Australian regulators expand lawsuits against Rio Tinto The Australian corporate regulator has expanded its legal action against Rio Tinto Ltd and two former executives over assets in Mozambique. The Australian Securities and Investment Commission launched legal action against Rio Tinto, former CEO Thomas Albanese and former CFO Guy Elliott in March,... 02.05.2018  09:49