Metallurgy news

• US Federal Reserve Cuts Rates To Zero As Coronavirus Spreads On an emergency basis on Sunday, the US Federal Reserve announced that it would cut its benchmark interest rate to zero and begin a new round of quantitative easing, involving the purchase of $ 700 billion in assets for Treasuries and mortgage-backed securities. The new federal funds rate, used as... 16.03.2020  10:19

• New Danieli High Speed ​​Rolling Mill for Real Steel Real Steel has contracted Danieli to supply a new high speed rolling mill for the production of wrought bars ranging from 10 to 32 mm in diameter, ranging from square billets with a diameter of 150 mm and weighing up to 2000 kg. The plant will be installed in Pampanga, San Simon province,... 16.03.2020  09:26

• Sharp growth in Chinese steel stocks impacts Korean steel industry China's steel inventories rose to a record high, putting pressure on Korean steelmakers. The Korean steel industry is struggling with the spread of the COVID-19 virus. Steel inventories in China have risen to a record high due to delays in production and construction, and Chinese steelmakers are... 13.03.2020  10:24

• Results of production and consumption of rolled metal in Ukraine for 12 months of 2019 In 12 months of 2019, Ukrainian metallurgical enterprises produced 18.20 million tons of rolled metal (99.1% compared to the same period in 2018), of which about 14,940,000 tons, or 82.1%, were exported. In the same period of 2019, the share of exports was about 78.5% (14,420,000 tons with a total... 13.03.2020  10:09

• Vietnam Steel Association predicts 35% decline in demand The country's steel outlook has deteriorated further as the number of coronavirus cases has doubled in the past four days, the Vietnam Steel Association said. The restrictions imposed by the government in response to the outbreak of the virus in the country have led to a significant slowdown in... 13.03.2020  10:05

• Jingye plans to add rebar to British Steel Following the acquisition of British Steel, China's Jingye Steel has outlined plans to invest in its new offshoot. Among other things, he intends to represent the production of valves in the British Steel portfolio. Jingye says she has pledged to invest £ 1.2bn ($ 1.55bn) "... to make the ... 12.03.2020  10:56

• Italian steel market weighs the impact of coronavirus The steel market in Italy, one of the countries hardest hit by the coronavirus, is quiet, prices are mostly stable, while market participants are assessing changes not only in the domestic market, but also in the rest of Europe, according to sources. Market sources indicated that the virus is... 12.03.2020  10:42

• Iranian Steel Growth Causes DRI Deficit Iranian steel production rose 10% year-on-year in the 11 months to Feb.19 to 25 million tonnes, according to a report from the Steel Producers Association of Iran (ISPA) published on its online portal Chilan. Billet production was 15.3 million tonnes and slab production was 9.6 million... 12.03.2020  10:33

• Steel shipments in the USA increased Steel shipments by US factories grew significantly during the first month of 2020. According to data published by the American Iron and Steel Institute (AISI), in January 2020, steel shipments amounted to 8,535,755 net tonnes. This is 6.4% more than in the previous month. American steel mills... 11.03.2020  09:50

• ArcelorMittal Raises the Coronavirus Flag The ArcelorMittal report says: “The exact impact of the Coronavirus is unknown, but it has had a negative impact on prices and spreads in China and may continue to have a negative impact if inventories at factories in China continue to rise, putting downward pressure on prices. While the Company ... 11.03.2020  09:15