MMK secured the largest share in Russian Galvanised steel market
20 March 2019
MMK in Russian Galvanised steel market
(Europe): Magnitogorsk Iron and Steel Work (MMK) supplied the largest share in the domestic Russian galvanised steel market in 2018. The company supplied almost 1.3 million tonnes of galvanised steel in Russia and accounted for 34% share in the domestic market during 2018.
MarGodo Steel acquires stacks in Asahi Industries
(Asia Pacific) Japan’s Godo Steel acquired 86% stacks in the Asahi Industries. Both plants are located near Tokyo with the combined production capacity of 600k tonnes/year.
Hoover finances the US Steel new project in the city
(North America): Hoover’s government has pledged to pay $275 million in bonds to recommence the US Steel’s EAF construction project in the city. The project is expected to be completed at the end of 2020.
Turkey’s crude steel output fell 12.5% in February
(Europe): Crude steel production in turkey reached 2.64 million tonnes in February. The production decreased by 12.5% year-on-year while increased 2.7% month-on-month, according to the Turkish Steel Producers Association (TCUD).
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