Metallurgy news

• The US President postponed the introduction of duties on steel for the EU and several other countries until June 1 US President Donald Trump has postponed the introduction of tariffs on steel and aluminum across the European Union, Mexico and Canada until June 1, pending negotiations with them, the White House said in a statement. According to the statement, the administration has reached agreements in... 01.05.2018  18:20

• In March 2018, global steel production grew by 4% World steel production from 64 countries reporting to the World Steel Association (worldsteel) was 148.3 million tonnes in March 2018, up 4.0% from March 2017. Global steel production was 426.6 million tonnes in the first three months of 2018, up 4.1% over the same period in 2017. Asia produced... 27.04.2018  14:07

• Rusal Situation Helps Strengthen Steel in Automotive Industry For decades, aluminum has fought an epic battle to remove the dominance of rolled steel from the automotive industry. Sharp demand for more fuel efficient vehicles has helped lighter metals gain market share - despite their higher cost. But recent gains of aluminum this month have been... 27.04.2018  13:59

• Zaporizhstal completed the ecological modernization of the sinter plant Zaporizhstal of Metinvest Group completed an important environmental project - modernization of gas cleaning systems of sintering machines No. 1-6. Investments in the project amounted to more than UAH 1.2 billion. “We have reconstructed the gas cleaning systems of sintering machines No. 1-6 s... 26.04.2018  11:19

• In the first quarter, POSCO increases operating profit by 9% South Korean steel company POSCO said its operating profit for the first quarter of 2018 increased 9 percent year-over-year on strong steel demand and favorable market conditions, ahead of analysts' estimates. The world's fifth-largest steelmaker said in his report that he expects demand for... 25.04.2018  10:57

• China Iron and Steel Association marks significant growth since April 1 According to CISA, steel production at the factories owned by the member companies of the Iron & Steel Association averaged 1.876 million tonnes per day between April 1-10, which is 5.04% higher than 10 days before. This is against the 0.07% decline for March 21-31 compared to 10 days earlier.... 25.04.2018  09:39

• Ukrmetallurgprom and World Steel Dynamics signed a memorandum of cooperation The Ukrmetallurgprom Association of Enterprises and World Steel Dynamics (USA) signed a Memorandum of Cooperation, which provides for a joint solution of issues to optimize and improve the efficiency of metallurgical production in Central and Eastern Europe and the EU-28 in cooperation with EUROFER... 25.04.2018  09:29

• BHP cuts iron ore forecast for 2018 BHP Billiton Ltd cut its 2018 iron ore mining guidance on Thursday, citing problems in its railcar unloading system, posting an 8 percent increase in iron ore production in the third quarter. The miner cut its financial projections for 2018 to 272-274 million tonnes of iron ore from 275-280... 24.04.2018  09:27

• Prices for rolled metal are growing in China Chinese steel futures climbed to their strongest level in five weeks, keeping inventories on the rise in construction demand, with iron ore rising to a one-month high. Coke futures also surged to a five-week high, surging more than 4 percent, and a group of small Chinese producers are... 24.04.2018  09:20

• Peru expects billions of dollars in investment in the mining sector Peru is the world's second largest copper producer and the sixth largest gold producer. The Peruvian Ministry of Energy and Mines announced today that it is expected to reach $ 20.8 billion in investment between 2018 and 2022, with 10 percent of such investment filling the country's treasury by... 24.04.2018  09:10