3 April 2019 Kerdemir to commission 200k railway wheels capacity in H2 2019 (Europe): Kerdemir $124 million railway wheel facility is under testing phase. The plant is expected to start mass production in the second half of 2019 with an annual capacity of 200,000 wheels. Tata Steel restarts refurbished blast furnace in the UK
2 April 2019 Vattenfall, SSAB and LKAB to develop a pilot plant for sustainable steel production (Europe): The three Swedish giants are working on the project Hybrit since 2016 to develop fossil free steel production method by 2035. The joint venture will soon start construction works on the experimental plant for Hybrit in Sweden.
28 March 2019 Eurofer wants Steel Excess Capacity Forum to stay effective (Europe): The European steel association Eurofer said that the Steel Excess Capacity Forum should continue the work even after its obligation ends in November. Eurofer is discussing the matter with the forum members to continue their work aimed to address global overcapacity problems.
27 March 2019 Global crude steel output up by 4.1% in February- WSA (Europe): World’s crude steel production reached 137.3 million tonnes in February 2019. The production increased by 4.1% year-on-year, according to the World Steel Association. India’s crude steel production rose by 4.3% in February- JPC (Asia Pacific): Crude steel production in India
Friday, 22 March 2019 by Commodity Inside
22 March 2019 Indonesia imposes fresh AD duties on imported steel products from seven countries (Asia Pacific): Indonesia imposed anti-dumping duties up to 20% on imported flat steel products from China, Russia, India, Taiwan, Thailand, Kazakhstan and Belarus. The new tariff will be effective by 2nd April for the next five years. Oyak plans $1
Thursday, 21 March 2019 by Commodity Inside
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
Tuesday, 19 March 2019 by Commodity Inside
18 March 2019 ArcelorMittal Temirtau to ramp up steel production in 2019 (Asia Pacific): ArcelorMittal Temirtau, the largest steel company in Kazakhstan, will increase its annual production by 18.4% from 3.8 million tonnes to 4.5 million tonnes in 2019. It was announced by the Minister of Industry and Infrastructure Development of Kazakhstan after visiting the
Friday, 15 March 2019 by Commodity Inside
15 March 2019 Danieli to build a steel billet plant in Morocco for Riva Industries (Africa): Morocco’s Riva Industries placed an order for a new billet steel plant in Morocco from Danieli, an Italian equipment manufacturer. The plant will have a nameplate capacity of 800k tonnes/year of steel billets and expected to be commissioned by
13 March 2019 Primetals revamps steel billet caster at Feralpi Italy (Europe): Primetals Technologies revamped a six strands billet caster at Feralpi Siderurgica in Italy. The up-gradation project has now increased the Feralpi annual production capacity from 1.1 million tonnes to 1.2 million tonnes. Moreover, it also increased the billets cross section to 150 x
Friday, 08 March 2019 by Commodity Inside
8 March 2019 Tenaris received section 232 tariff exemption on round steel billet imports (North America): The Department of Commerce (DoC) granted an exemption to Tenaris, a steel tube manufacturer, from 25% tariffs on round steel billets imports from its sister companies in Romania, Mexico and Italy. The DoC found that round billets required by