Metallurgy news

• DRI World Production Drops In June Iran continues to be the leading DRI iron producer. Preliminary figures released by the World Steel Association show that global production of direct reduced iron (DRI) in June this year fell by almost 6% from the previous month. Production was 4.849 million tons, up from 5.155 million tons a... 26.07.2017  11:00

• Top 10 steel producing countries in June According to the latest statistics published by the World Steel Association, in June this year, world steel production in 67 countries that reported the results of the Association amounted to 141.046 million tons. The monthly issue was up 3.2% from the release in the same month a year earlier.... 25.07.2017  11:53

• ArcelorMittal Kryvyi Rih may sue the organizers of the strike The administration of PJSC "ArcelorMittal Kryvyi Rih" considers the strike of workers of the underground ore mining department, scheduled for July 26, 2017, illegal PJSC "ArcelorMittal Kryvyi Rih" respects the right of the company's employees to publicly express their point of view. The... 24.07.2017  22:52

• Ukraine harvested about 13 million tons of grain As of July 20, Ukrainian agrarians harvested 12.939 million tons of grain and legumes on an area of ​​3.878 million hectares, which is 40% of the plan. The average yield was 3.34 tons /ha, according to the Ministry of Agrarian Policy and Food of Ukraine. In particular, farmers have procured win... 24.07.2017  12:30

• Iron ore surpasses the psychological level of $ 70 per ton A good start for iron ore in the second half of July and a rise above $ 70 /t is likely to fade at the end of the year as demand from the main buyer, China, slows and global mine reserves remain robust, according to experts from Sucden Financial Ltd. and Bank Julius Baer & Co. “Any significant s... 24.07.2017  09:29

• US steel production fell in June Despite a 1.7% drop in U.S. steel production in June, production rose 1.3% in the first half of 2017 after two years of decline. Higher prices are driving idle plant restarts, and Big River Steel's new plant in Arkansas continues to ramp up... 23.07.2017  11:07

• Worldsteel CEO on the outlook for global metallurgy Global steel production grew 4.5% year on year in the first six months of 2017 to 695 million tonnes. World Steel Association CEO Edwin Basson said the global steel capacity of around 2.4 billion tonnes is "already sufficient to meet supply requirements through 2035." Strong growth in steel... 23.07.2017  10:54

• Black Iron evaluates the Shimanovskoye field The Canadian iron ore exploration and development company Black Iron Inc, which is promoting its project for the production of iron ore concentrate at the Shimanovskoye deposit located in Krivoy Rog in Ukraine, intends to start a new phase after an economic assessment. A preliminary economic... 21.07.2017  13:41

• POSCO Profit Jumps 44% In Q2 At Annual Level South Korea's largest steel company, POSCO, said its operating profit for the April-June period rose 44.3 percent from the same period last year due to increased profits from steel sales. POSCO, the world's fifth-largest steelmaker, said its consolidated operating income rose to 979.1 billion... 21.07.2017  11:43

• World steel production in June increased by 3.2% World steel production for 67 countries reporting to the World Steel Association (Worldsteel) was 141.0 million tonnes in June 2017, up 3.2% from June 2016. World steel production in the first half of 2017 amounted to 836.0 million tonnes, which is 4.5% more compared to the same period in... 21.07.2017  11:18