Zaporizhstal has launched a system of “Mobile traffic lights” to monitor manufacturing processes. The system started working in trial mode in the sheet hot-rolling shop. 2 thousand sensors have been installed to read 130 thousand parameters of machinery operation. Now there is no need to fill in a lot of forms or to use computer…Details
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Fitch Solutions Macro Research has revised downwards its 2019 global steel price forecast as global prices continue to be hammered by poor sentiment amid ongoing US-China trade tensions and increasing downside risks to the global economy. It said “In the long term, Fitch Solutions maintains its view that prices will ease and embark on a…Details
WASHINGTON (Reuters) – The U.S. Commerce Department said on Wednesday it had made a preliminary determination that China and Mexico had dumped certain fabricated structural steel on the U.S. market.As a result, the department said, it imposed duties of up to 141% on Chinese structural steel and up to 31% on Mexican structural steel. The…Details
LIVE FUTURES REPORT 05/09: SHFE base metals prices rise on easing trade tensions, softer dollar; Ni, Pb buck trend
With the exception of nickel and lead, base metals prices on the Shanghai Futures Exchange were up during the morning trading session on Thursday September 5, with the complex buoyed by improved risk sentiment following an easing of geopolitical tensions and softer dollar. Investors’ appetite for risk has grown following favorable geopolitical events overnight that…Details
Known for its investments on the African continent, particularly in Algeria, Tosyali Holding one of the world’s leading steel producers with plants on three different continents, is now gearing up for a major investment in the West African country of Senegal. The holding will establish Tosyali Economic Zone in Senegal. Chairman Mr Fuat Tosyali said…Details
European market participants now question whether an expected domestic price rise for hot-rolled coil (HRC) will be seen, due to the emergence of competitive offers from India, sources told Fastmarkets on Wednesday September 4. Buyers had expected that transaction prices would move up in the first half of September, supported by a seasonal recovery in…Details
Korea Joon-gang Daily reported that POSCO and Hyundai Steel will not have to shut down their blast furnaces. A consultative body with members from the businesses, consumer groups and Ministry of Environment concluded Tuesday it was inevitable for steelmakers to open bleeder valves while operating their blast furnaces. If the body had concluded otherwise, the…Details
The price of mesh-quality steel wire rod in the Northern European domestic market decreased this week because of poor demand, sources told Fastmarkets on Wednesday September 4. Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was €470-500 ($515-548) per tonne on Wednesday, down by €10-15 per tonne. Underlying consumption of…Details
ArcelorMittal Kryvyi Rih announced that on September 3, 2019the Security Service of Ukraine again visited the company to inspect the coke production facilities. It said “11 SBU representatives were admitted to the enterprise, accompanied by specialists from the Main Department of Environmental Inspection and the State Food and Beverage Service in the Dnipropetrovsk Region and…Details
Ministry of Natural Resources confirms effectiveness of MMK’s environmental programme to improve air quality in Magnitogorsk
Magnitogorsk has been excluded from the list of cities with the most polluted air in 2018, according to a report by the Russian Ministry of Natural Resources and Environment. Thanks to MMK’s large-scale environmental programme, the Comprehensive Air-quality Index (CAI) indicator for the city will be reduced to a low level by 2025. The draft…Details
A glance through the latest expert views and predictions about commodities. Indonesia's nickel export ban; metallurgical coal; and iron ore. -Severe market tightness may not eventuate despite Indonesia's nickel ore export ban -China may no longer be the marginal setter of seaborne coking coal prices -Iron ore likely to remain in deficit over 2019 Nickel…Details
The price range for steel rebar in the domestic market in Southern Europe widened downward this week with decreasing ferrous scrap prices and falling demand for exports from customers in Northern Europe, sources told Fastmarkets on Wednesday September 4. Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was €460-485 ($504-531)…Details
Tata Steel UK will supply high frequency induction line pipe for a gas condensate field in the UK central North Sea. The company will manufacture more than 55 km (34 mi) of 18-in. carrier pipe for a pipe-in-pipe system on the field at its 20-in. mill in Hartlepool, northeast England. Barry Rust, Marketing Manager, Energy…Details