Metallurgy news
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Kobe Steel and Toyota Tsusho are exploring the production of aluminum sheets for the automotive industry in the United StatesKobe Steel Limited and Toyota Tsusho Corporation decided to consider establishing a joint venture to manufacture and market aluminum sheet for automotive body panels and automotive heat exchangers in the United States to meet the needs of the domestic and overseas market. Both companies plan to…
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Deutsche Bank refuses to fund expansion of Adani coal port in AustraliaDeutsche Bank has refused to fund the expansion of one of the world's largest coal ports of the Indian Adani Group near Australia's Great Barrier Reef after protests by green activists. Australia approved a major expansion of the coal port at Abbot Point last year in line with strict environmental…
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Metalloinvest begins installation of oxygen station equipment at OEMKMetalloivnest at the Oskol electrometallurgical plant, which is part of his company, is installing an oxygen station with a cryogenic air separation unit with a capacity of up to 20,000 m3 /h of oxygen. A set of technological equipment and metal profiles for installation have now been delivered in…
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Tenaris Extends Joint Venture Agreement to 2030Tenaris SA, a leading global supplier of steel pipes and related services to global energy and several other industrial applications, announced the successful renegotiation of the terms of its joint venture agreement with JFE Steel Corporation to manage and operate NKKTUBES. NKKTUBES is a leading…
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Tenova plans to build DR plants in the US and the Middle EastTenova HYL is in talks with steelmakers in the United States and the Middle East to build factories that produce raw materials using large quantities of natural gas to produce high quality steel. The company specializes in the construction of DR plants from iron ore using natural gas to make…
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The future of EU steel depends on the coming of the next European CommissionEuropean metallurgy continues to face serious challenges despite recent moves in Brussels to curb the region's industrial decline and moderate its climate protection targets, but this is enough to secure and strengthen the sector's future. Despite the improvement in the economic situation, the…
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Japanese steel production drops after tax hikeSteel production in Japan fell 2.5 percent in April from a year earlier, as demand slowed after the introduction of a sales tax earlier in the month. Japan's Department of Commerce is forecasting a 3.8 percent decline in the April-June quarter as a whole. At the same time, steel production in Japan…
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ArcelorMittal receives three awards at Platts Global MetalsThe annual awards, which define excellence and achievement in the global steel industry, were presented in London. ArcelorMittal won the Deal of the Year nomination for the acquisition of ThyssenKrupp Steel USA through a joint venture with Nippon Steel & Sumitomo Metal Corporation. The deal, which…
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Selling Severstal plants in the USA is only an option, not a solutionCEO Alexei Mordashov said in an interview that Severstal is accepting bids for the acquisition of two North American metallurgical plants, but this does not mean that it will sell them. Mordashov said the Russian steelmaker is a small player in North America. Severstal has two factories in the…
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Severstal launches gas engine power plant in VorkutaOJSC Severstal, one of the world's leading steel and mining companies, announces the launch of an 18 MW methane-powered gas piston power plant at the industrial site of the Severnaya mine, a structural unit of OJSC Vorkutaugol. Vorkutaugol, one of the largest coal mining companies in Russia, began…
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