Metallurgy news

• Import prices for South American plate fell Due to weak demand and a declining trend in global steel, prices for imported stove from South America fell last week. The price in September fell 14.8% from the highest price in April this year. Market participants said that the decline in prices for South American hot and cold rolled sheets... 03.10.2019  09:36

• EUROFER: protective measures fail to protect steel market from recession According to the report, the European Steel Association (EUROFER) explained that the latest free tariff rate limit limits the concentration ratio of imported steel products from certain countries and makes trade more stable. EUROFER stressed that this trade reform has helped to improve the... 03.10.2019  09:32

• Russian TMK is considering investing in Saudi Arabia TMK, the largest producer of steel pipes for the oil and gas industry in Russia, said at an energy conference in Moscow that the company could become one of the investors in Saudi Arabia. The head of TMK Dmitry Pumpyansky said that the company is preparing to become an investor in Saudi Arabia,... 03.10.2019  09:28

• Interpipe and BELAZ entered into a strategic agreement on the supply of railway wheels The Ukrainian industrial company INTERPIPE and the Belarusian manufacturer of transport equipment BELAZ-HOLDING entered into a strategic partnership agreement, which provides for the expansion of cooperation between companies in the supply of railway wheels in 2019-2020. Under the agreement, the... 02.10.2019  19:40

• The Verkhovna Rada adopted as a whole a draft law on simplifying the conditions for licensing economic activities On October 2, the Verkhovna Rada adopted a draft law to improve the licensing of economic activities in Ukraine. The purpose of the bill is to simplify licensing procedures for the deregulation of economic activity. This was reported on the website of the Ministry of Economic Development, Trade and... 02.10.2019  16:53

• September market of new passenger cars grew by 6 percent In September of this year, 7.2 thousand new passenger cars passed their first registration in Ukraine. Thus, in comparison with the September result of last year, the demand for new cars in the Ukrainian market has grown by 6%, according to Ukravtoprom. The most popular brand of the month was... 02.10.2019  15:51

• Martina Merz is the new CEO of Thyssenkrupp Martina Merz took over as CEO of Thyssenkrupp AG on 1 October. This was unanimously decided by the Supervisory Board of Thyssenkrupp AG at an extraordinary meeting last Friday. The current Chairman of the Supervisory Board will be delegated to the Group's Executive Board for a maximum of twelve... 02.10.2019  10:46

• EU strengthens safeguards to curb steel imports growth According to the report, the European Commission to protect the steel market by adjusting the precautionary measures effective October 1. According to representatives of the European Association of Steel Producers (Eurofer), it was necessary to maintain the existing steel protection measures in... 02.10.2019  10:40

• POSCO is exploring options for setting up a steel mill in India South Korean steel giant POSCO has announced its intention to harness the enormous potential of India's burgeoning steel market by forming a joint venture with state-owned Rashtriya Ispat Nigam Limited (RINL) in Visakhapatnam, Andhra Pradesh. Representatives of the POSCO company held a meeting... 02.10.2019  10:37

• ArcelorMittal Considers Selling Some Iron Ore Mills To Reduce Debt ArcelorMittal, the world's leading steel producer, was considering divesting part of its iron ore business to reduce its debt. ArcelorMittal has studied its iron ore assets in Canada, Brazil and Liberia, including the sale of some or all of its shares. The value of a business in Canada alone... 01.10.2019  10:50