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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…
DetailsFitch 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…
DetailsWASHINGTON (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…
DetailsWith 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…
DetailsKnown 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…
DetailsEuropean 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…
DetailsKorea 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…
DetailsThe 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…
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