Metallurgy news

• ArcelorMittal invests in spring steel production in the Czech Republic ArcelorMittal plans to invest about $ 3.17 million in new production at its steel plant in the north-eastern region of the Czech Republic. The funds will be used for the production and reconstruction of spring steel in Ostrava. The redevelopment project will ensure the best performance of spring... 13.04.2017  11:24

• USA imposes 22.9% punitive tariffs on steel from German manufacturer SALZGITTER Germany's steel group SALZGITTER has confirmed that the US has imposed a 22.9% punitive import tariff on its heavy plate steel plates. SALZGITTER, the second largest German steelmaker, said it was forced to pay penalty tariffs as a result of anti-dumping procedures imposed by the US Department... 13.04.2017  10:55

• Strong rise in copper prices supported by data from China Copper on the London Metal Exchange has risen significantly in response to information on China's exports and imports. The metal on the LME for delivery in 3 months is measured at $ 5,691.00 a tonne after rising 1.1 percent, brokers told brokers. China has published very good export and import... 13.04.2017  10:31

• Dneprospetsstal: production results in March 2017 In March 2017, PJSC "Electrometallurgical Plant" Dneprospetsstal "named after A.N. Kuzmin ”delivered 21 616 tons of steel, which is 8.4% higher than the level of the previous month. During the same period, the Company produced 14,429 tons of rolled metal, which is 9.0% more than in February 2... 12.04.2017  16:44

• Iron ore poised to extend recession The fall in iron ore prices amid a bear market could herald further declines as refineries in China move away from low-grade ore. The 62 cent ore in Qingdao fell 1 percent to $ 74.71 a tonne, after falling 6.8 percent late last week. Earlier in Asia, futures on the Dalian Exchange dipped to... 12.04.2017  10:18

• In Peru, at the South Copper mine, miners decide to go on strike Union officials and southern copper mine managers in Peru were unable to reach an agreement to end the open-ended strike after a lengthy meeting Monday night, a union spokesman announced Tuesday. “The company disagreed with the union’s basic demand for a larger share of the profits,” said Raul Ur... 12.04.2017  09:46

• EU talks about the need to modernize the Ukrainian gas pipeline According to EU experts, Ukraine should start investing in gas pipelines. They are not really in the best condition. In addition, the system needs to be reorganized so that it can be used as efficiently as possible. The Ukrainian gas pipeline system is of great importance for ensuring the energy... 12.04.2017  09:09

• Ferrexpo Ukraine announces a drop in production for the 1st quarter The Ukrainian company Ferrexpo announced that 2.524 million tonnes of pellets were produced in January-March this year, down 9.1% from the same period last year. This is due to the fact that in January-February of this year, the company worked on a maintenance schedule for fifty-five days, and... 11.04.2017  11:59

• Zaporizhstal completed the use of a Dutch crane for the reconstruction of a blast furnace The Zaporizhstal plant dismantles the crane of the Dutch company Mammoet, which was used in the SKD assembly of blast furnace No. 3. The mega-crane height reaches 143 m, lifting capacity - 1600 tons, weight - 2000 tons. The crane worked for 5 months on a large-scale reconstruction of the... 11.04.2017  11:45

• India approaches 2nd largest steel producer in the world India is set to become the world's largest steel producer after China, with record production during 2016-17 ending in March. During this period, export growth was the highest in the country's history. Steel output jumped 11 percent to 101.3 million tons and the country became a net exporter in... 11.04.2017  11:10