Metallurgy news

• ArcelorMittal invests in France ArcelorMittal is investing around € 100 million in its factories in France. This is another step to increase the number of high value-added products. The company will invest 67 million euros in a new steel line for the automotive industry in Florange. It is one of three factories located in the L... 31.07.2017  12:01

• China's steel sector has made great strides in the first half of the year According to experts, thanks to deepening reforms in the country, China's steel industry achieved steady growth in the first half of 2017. This refers to the government's efforts to reduce production capacity and reduce demand for low-quality steel. Steel production in the first half of the year... 31.07.2017  11:54

• Hyundai Steel cut profit by 46% in Q2 Hyundai Steel Co., South Korea's second-largest steel company in terms of sales, said Friday that, due to lower demand in China, its net profit fell 46 percent in the second quarter from the previous year. "As shipments of automotive steel to Hyundai Motor Co and Kia Motors Corp's (China) plants... 30.07.2017  11:30

• ArcelorMittal improves results In the first half of 2017, ArcelorMittal reduced volume but increased revenues and profits. In addition, the company expects to improve performance later this year. Steel shipments in the second quarter reached 21.5 million tonnes, an increase of 2 percent over the previous quarter. Deliveries... 28.07.2017  12:28

• Rusal boosts aluminum sales in the second quarter Russian aluminum producer Rusal reported a 4.6% increase in sales in the second quarter to 1.0 million tonnes and a 22 percent jump in average aluminum prices to $ 2.087 per tonne. On the London Stock Exchange, aluminum prices are up 15 percent this year on stronger demand and expectations that... 28.07.2017  12:15

• China Steel Futures Drop Amid Weak Demand Forecast Steel rebar futures in China eased after a three-day gain in profit, shedding nearly 2 percent on concerns about weak demand amid increased production at smelters. Construction work tends to slow down during periods of hot summer weather, rising again in the fall when temperatures drop before... 28.07.2017  12:04

• Coking coal prices fell in the second quarter Benchmark prices for all coal grades in Q2 2017 were significantly lower than in Q1 this year. In the second quarter of 2017, atmospheric events had a significant impact on the coal market, which significantly reduced supplies from Australia. Negotiations between steelmakers and coal producers... 27.07.2017  12:08

• Trump administration postpones steel trade decision The final decision on trade policy in the area of ​​steel will have to wait until other priority issues on the agenda are considered, US President Donald Trump said in an interview with the Wall Street Journal. The administration will take time to decide how to block steel imports, Trump told the... 27.07.2017  10:27

• Steel production in Asia and Africa increased significantly in June Production statistics released by the Worldsteel indicate significant growth in steel production in Asia, Africa and the Middle East in June 2017. Production in the Middle East grew 9.4% over the previous year. The regions of Africa and Asia recorded year-on-year growth of 5.5% and 4.5%,... 26.07.2017  11:32

• Copper on COMEX climbs 12% in a week Copper positions on the US COMEX rose 12% to 74,143 contracts in a week, the highest level since February, according to data from the Commodity Futures Trading Commission. Speculative investor support helped lift copper prices last week on the London Metal Exchange to $ 6,000 a tonne for... 26.07.2017  11:18