Chinese nickel consumers may be deterred from guaranteeing long-term ore supply by investing in Philippine ore production, delegates said during a panel discussion at the 18th International Stainless and Special Steel Summit in Seville, Spain, on Wednesday September 18. This is despite prevailing opinion that Philippine material is more easily refined and cost effective than…
Sputnik reported that scientists from Tomsk Polytechnic University have improved the alloying process, allowing not only the wear-resistance of materials to be increased, but also giving them some qualitatively new characteristics, which is in demand in high-tech industries, science and energy. The results of the study have been published in Surface and Coatings Technology. According…
Base metals traded on the Shanghai Futures Exchange were largely in positive territory during the morning trading session on Friday September 20, but gains were limited owing to lingering macroeconomic concerns. There was a raft of central bank policy decisions on Thursday following the US Federal Reserve’s decision a day earlier to cut interest rates…
Mr Paolo Rocca, Tenaris Chairman & CEO, participated in the first Saudi Iron & Steel Conference in Riyadh. Speaking on the panel ‘Saudi’s Potentially Pivotal Role in Global Steel’, he focused on the investment in steelmaking and processing capacity in Saudi Arabia as the country focuses on becoming more self-sufficient. During his speech, Rocca tackled…
Export prices for steel billet from the CIS region have been under pressure from weak demand and falling scrap prices internationally, market sources told Fastmarkets on Thursday September 19. Fastmarkets’ daily steel billet index, export, fob Black Sea, CIS, was $356 per tonne on September 19, unchanged day-on-day but down by $7 per tonne since…
Texas US based steel manufacturing, processing, and distribution company Friedman Industries Incorporated announced today the appointment of Mr Michael J Taylor as President and Chief Executive Officer of the Company, effective September 12, 2019. Mr Taylor, age 60, has served as the Interim President and Interim Chief Executive Officer since February 12, 2019 and has…
Domestic price sentiment for hot-dipped galvanized coil (HDG) in Europe has continued to be negative in the week ended Thursday September 19 due to slow market activity, sources have told Fastmarkets. Fastmarkets’ weekly price assessment for steel HDG, domestic, exw Northern Europe, was unchanged over the week at €550-570 ($608-630) per tonne ex-works on September…
United States Steel Corporation has provided third quarter 2019 guidance. It said “We expect third quarter 2019 adjusted EBITDA to be approximately USD 115 million, which excludes approximately USD 53 million of estimated third quarter impacts from the December 24, 2018 fire at our Clairton coke making facility and estimated restructuring charges. We expect third…