Metallurgy news

• POSCO moved to 6th place in global steel production POSCO dropped to sixth place in global crude steel production in 2020, down one notch from 2019. Chinese steelmakers climbed the rankings, sharply increasing crude steel production as they quickly overcame the COVID-19 crisis. POSCO steel production was 40.58 million tonnes in 2020, down 5.9... 10.06.2021  10:45

• ArcelorMittal invests in renewable energy sources Luxembourg-based steel company ArcelorMittal has announced its decision to invest in Heliogen, a US-based renewable energy (RES) technology company. This investment marks the completion of the first investment in the innovation fund XCarb, which began earlier in March this year. The steelmaker... 10.06.2021  10:25

• Market Awaits Shandong Coke Control Measures Coke market participants are watching closely what measures the government of Shandong province in eastern China can take to keep the province's coke production under control, as part of the province’s efforts to reduce coal consumption. According to a document recently released to the market by ... 10.06.2021  10:18

• Indian government plans to auction 16 mines India's Chhattisgarh state government planned to auction a total of 16 units of iron ore and limestone over the next three months. These long-blocked mines have reserves of 1.192 billion tonnes, totaling nearly Rs 1.9 trillion. Chief Minister of Chhattisgarh Bhupesh Bagel asked Union Minister... 09.06.2021  11:35

• Biden's new round of incentives fails talks with Capito-led group According to market news in the US, Joe Biden has launched a new round of stimulus talks with Shelley Moore Capito, junior US senator, and her team. The new stimulus round, which focused on investment in infrastructure, education, workforce development and climate change, was original at $ 2.25... 09.06.2021  11:27

• China's iron ore reserves fall due to demand Iron ore concentrate inventories among China's 186 mining companies, according to a Mysteel study, fell further from May 21 to June 3, by 189,400 tonnes, or 13.4%, to 1.2 million tonnes, a new low since the study began in January. 2019, as the growth as noted by market sources, the demand for these... 08.06.2021  10:45

• ArcelorMittal Canada announces preliminary deal with United Steelworkers ArcelorMittal Canada, the Canadian subsidiary of the Luxembourg-based integrated steel company ArcelorMittal, has announced a preliminary agreement with striking United Steelworkers in the Quebec region. The deal is on the terms of a potential new collective bargaining agreement. However, the terms... 08.06.2021  10:36

• More and more coal from Russian mines will go to Asian markets Russia will invest $ 20 billion in the coal industry. A significant increase in coal production is expected in Russia. In this context, the country looks primarily at Asian countries. Due to the expected growing absorption of these markets, Russian companies intend to significantly increase... 07.06.2021  11:43

• Stainless steel on its way to a production record Stainless steel production has been set to a record this year. After last year's fall, it is expected to surpass 8 percent this year, higher to reach 55 million tonnes. Several steel mills, which closed during the peak of the pandemic, have resumed operations. However, according to market... 07.06.2021  11:39

• The EAEU considers a complete ban on the export of ferrous scrap The Eurasian Economic Union (EAEU) has published a draft board decision on the inclusion of ferrous scrap in the list of goods for which there is a ban on export outside the member states - Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. On June 15, the EEC will hold a board meeting, which... 04.06.2021  13:58