Metallurgy news

• Strong growth in global stainless steel production expected Annual production of high quality stainless steel is estimated at 48 million tonnes in 2017, up 4.9 percent year on year. MEPS predicts further growth in global turnover by almost 5 percent in 2018 to a new high of 50.3 million tonnes. Recently released official data for Chinese production was... 03.02.2018  11:14

• Kryvyi Rih Mining and Metallurgical Plant increased capital investments in 2017 At the end of 2017, the plant of PJSC ArcelorMittal Kryvyi Rih increased capital investments by 41.7% at an annual level - to UAH 6.8 billion from UAH 4.8 billion. In 2018, the company intends to allocate UAH 7.7 billion for capital investments. The company's operating costs in 2017 increased by... 02.02.2018  09:42

• Hot rolled steel prices continue to rise in the US Hot rolled steel prices in the US rose as early as Wednesday, as prices continue to rise at US mills, according to market sources. The demand for hot rolled steel (HRC) is strong, but there are currently enough trade measures to scare most importers from the US market. With strong demand from... 02.02.2018  09:29

• Steel and iron ore contracts recover in price Chinese steel futures were higher on Friday, while news that China's largest steel city is looking to expand production after winter ends, even as the government says it has no plans. China has ordered steel mills to cut production in half from November 15 to March 15 as part of the country's... 02.02.2018  09:18

• ArcelorMittal says profit more than doubled in 2017 Global steel giant ArcelorMittal said Wednesday, January 31st, that its net profit more than doubled last year as the global steel market grew. The company said in a statement that its net income was $ 4.6 billion, up from $ 1.8 billion a year earlier. Underlying or operating income jumped 30%... 01.02.2018  09:05

• Odisha mine closure creates iron ore shortage in India The closure of six iron ore mines in Odisha created a supply deficit of 5.5 million tonnes. This is expected to increase the cost of producing sheet steel by about Rs 800-1000 /ton. Following non-payment of compensation equal to 100 percent of the value of iron ore illegally mined prior to... 31.01.2018  11:18

• AK Steel expects to raise sheet steel prices by USD 30 AK Steel will raise base prices for carbon sheet products by at least $ 30, which will immediately translate into new orders, the company said. The increase follows ArcelorMittal's announcement late last week that it intends to increase base pricing to $ 750 for hot rolled coils and $ 930 /t for... 31.01.2018  11:11

• Macquarie Bank raised its forecast for iron ore and coal prices Macquarie Bank has released a summary of its recent commodity price forecasts, adjusted for factors both within and outside China. The bank has changed its forecasts for the next couple of years. “A large rise in prices for metallurgical and thermal coal is forecast for 2018-1919. An increase of ... 31.01.2018  09:34

• Results of the mining and metallurgical complex of Ukraine over the past year In 2017, the production of the mining and metallurgical complex was one of the lowest in the history of independent Ukraine. Steel production and rolled metal exports fell to historic lows. However, due to the rise in prices, the complex retained almost a third in the structure of Ukrainian... 30.01.2018  12:29

• China iron ore hits a monthly low Iron ore futures in China fell to their weakest level in a month on Monday, as demand for steel raw materials remains weak from a global buyer, keeping stocks in their ports close to record levels. The timely arrival of goods in China was also due to the absence of disruptions to the leading... 30.01.2018  12:07