Metallurgy news

• Turkish steel companies confirm the need for import restriction measures Turkey's steel production in February rose 8.2% year-on-year to 2.9 million tonnes, according to the Turkish Steel Manufacturers Association (TCUD), while production in January-February rose 12.7% to 5 , 9 million tons. Consumption of finished steel in February was 3 million tons, up 68.3%... 03.04.2020  11:14

• Ukraine will leave 100,000 tons of wheat for domestic needs The state-owned Ukrainian grain firm DPZKU has stocks of about 100,000 tons of wheat in stock and is ready to meet domestic needs for flour amid growing demand caused by the coronavirus pandemic, the company said on Tuesday. Ukrainian bakers and bakeries last week asked the government to... 02.04.2020  11:03

• Iron ore futures in China climb after recovery in activity Chinese iron ore futures rose on Tuesday, boosted by hopes for demand after the world's second largest economy reported unexpected production increases in March. The National Bureau of Statistics said China's official purchasing managers 'index (PMI) jumped to 52 this month from a record low in... 02.04.2020  10:59

• Tata Steel cuts production in India due to coronavirus India's Tata Steel said Wednesday it has begun to cut production at facilities in four major cities, including its flagship plant in Jamshedpur, as the conglomerate takes action to combat the fallout from the coronavirus outbreak. The company added that work in subsequent plants has been... 02.04.2020  10:47

• Metinvest suspends work at Italian steel plants Metinvest Group has suspended two of its rolling mills in Italy. This decision was made in connection with the COVID-19 pandemic and the demands of the Italian government to suspend the operation of steel mills in the country. The factories of the Ferriera Valsider group and Metinvest Trametal in... 01.04.2020  10:53

• ArcelorMittal Update on COVID-19 Impact ArcelorMittal provided an update on the impact of COVID-19. It states: “The global escalation of COVID-19 and the measures put in place by governments around the world to contain the virus are negatively affecting economic activity and manufacturing supply chains in many parts of the world. C... 01.04.2020  10:39

• Metalloinvest invests in an environmental program Metalloinvest approved the Environmental Program for 2020-2025. The program provides for more than 21 billion rubles of investments in a set of technological and environmental measures with direct environmental impact at all production sites of Metalloinvest. 70% of the program budget will be... 01.04.2020  10:37

• US steel production fell 10% last week Production figures are the lowest since January 2017 and capacity utilization is the lowest since April 2017. Two weeks ago, steel mills were hit by coronavirus-related car production stops, with all American automakers announcing some level of shutdowns as demand fell as local and state... 31.03.2020  14:05

• Difficult times for the Indian steel industry In India, steelmaking is expected to be negatively impacted by the Covid-19 pandemic and the 21-day downtime nationwide, and that domestic firms may have to face challenges such as weak domestic demand, which could lead to stockpiling , putting pressure on rolled metal prices. In the current... 31.03.2020  13:52

• Calls to Ease Steel and Aluminum Tariffs Amid COVID-19 Crisis Despite calls for tariff abolition, the White House continues to deny any intent to change section 232 tariffs. In the United States, metal industry organizations resumed debate this week over the application of section 232 tariffs on steel and aluminum, after the US Customs and Border... 30.03.2020  10:40