Metallurgy news

• There is a risk of oversupply of coal in the global market Coal finishers have responded to higher prices by increasing production, thereby oversaturated the market. While demand for electricity in countries like Indonesia may absorb some additional volume, producers need to be careful, analysts said at the Asia Coal Conference. The global coal market... 16.05.2017  09:38

• China's steel production hits record in April China's steel production hit a new all-time high of 72.78 million tonnes during April, up 4.9% year on year, according to data released by the National Bureau of Statistics on Monday. The daily steel output in April averaged 2.43 million tonnes, up 4% from the average daily output in March, and... 16.05.2017  09:15

• Zaporizhstal has installed a Danieli Corus charging device on blast furnace No. 3 Zaporizhstal completed the installation of a trough-type bell-less charging device as part of the reconstruction of blast furnace No. 3. Danieli Corus's bell-less charging device (BCU) will increase the productivity of the blast furnace through optimal balance and control over the distribution of... 15.05.2017  10:30

• ArcelorMittal doubles profits ArcelorMittal more than doubled its first-quarter earnings on the back of stronger global steel demand, which saw price recovery across the globe. Earnings before interest, taxes, depreciation and amortization rose to $ 2.23 billion from $ 927 million a year earlier. The figure exceeded the... 15.05.2017  10:07

• EU continues to impose anti-dumping duties on steel products from China The European Commission has imposed anti-dumping duties on other categories of steel products from China. This is another European Commission decision on subsidized Chinese steel that has flooded the European market. Earlier, the European Commission conducted an investigation into the matter,... 15.05.2017  09:35

• US Scrap Metal Exports To Turkey Fall To 7-Year Low According to the US Department of Commerce and the US International Trade Commission, US scrap exports to Turkey totaled 542,000 tonnes in the first quarter of this year, down 37.4% from the same period last year. Exports fell to their lowest level in the first quarter of 2010. The United States... 12.05.2017  12:49

• Indian factories continue to expand production According to recently released data from the Indian Iron and Steel Association, India's steel production rose 8.7% in April to 843 million tonnes year-over-year, while steel demand rose only 3.4% to 6 million tons. However, India's steel exports increased significantly in the fiscal year 2016/17... 12.05.2017  12:40

• Dneprospetsstal: production results in April 2017 In April 2017, PJSC "Electrometallurgical Plant" Dneprospetsstal "named after A.N. Kuzmin ”delivered 21 708 tons of steel, which is 0.4% more than the level of the previous month. During the same period, the Company produced 14,613 tons of rolled metal, which is 1.3% more than in March 2017. The ... 12.05.2017  09:44

• US oil rises after gaining 3.2 percent on Wednesday Oil prices on the New York Stock Exchange continue to rise after rising 3.2 percent on Wednesday, the strongest growth in the oil market since December 1, 2016. However, experts believe that this will not last too long. US stocks fell 5.25 million barrels more than expected last week, but are... 11.05.2017  10:56

• Japan's Kobe Steel will spend $ 484 million on expanding aluminum business Kobe Steel Ltd says it will spend about 55 billion yen ($ 484 million) to buy 50 percent of a plant in South Korea and build a new facility in Japan to meet growing demand from auto manufacturers. Japanese aluminum makers such as UACJ Corp and Kobe Steel are stepping up global plans to expand... 11.05.2017  10:40