Metallurgy news

• Nucor Corp will build a new pipe production plant US-based Nucor Corporation announced that its board of directors has approved a plan to build a pipe plant in the Midwest, America's largest steel-consuming region. The company said that the new pipe mill's products will benefit from Nucor's existing investments in the Midwest, including a plate... 11.03.2021  11:05

• Thousands of steel workers in the UK and Australia under threat The conglomerate of British entrepreneur Sanjeev Gupta GFG is in a hurry to refinance about $ 4 billion owed to the bankrupt financial company. More than 35,000 jobs, including thousands in steel mills in the UK and Whyalla in South Australia, are in jeopardy as GFG Group, a conglomerate... 10.03.2021  11:00

• World metallurgy left behind the phase of falling demand The 4.8% increase in global steel production in January is a positive development for the steel market. Has the steel industry left behind a phase of declining demand, adding new capacity not finding an adequate market, falling prices, rising production costs and, consequently, a prolonged period... 09.03.2021  11:52

• Canada introduces temporary customs duties on rebar from Oman and Russia The Canadian Border Guard Agency (CBSA) announced in a March 4 statement that it has imposed temporary anti-dumping duties (AD) of 8% and 45% on certain rebars from Oman and Russia, respectively, effective from the date of the announcement. The case is the fourth rebar import investigation... 09.03.2021  11:46

• Steel prices are falling, but demand in China plays a key role Steel prices appear to be declining after some major producers slashed hot and cold rolled coil prices in the first week of March. This is the first significant decline in prices in the past nine months, and came against the backdrop of a slight lull in domestic demand in the last two weeks of... 09.03.2021  11:19

• Emirates Steel begins expansion of HRC production Emirates Steel Industries (ESI), a steel producer in the UAE, is advancing the third phase of its hot rolled coil (HRC) expansion plan. The plan was postponed for many years due to a shortage of natural gas. The company is currently conducting a comprehensive assessment of this plan to increase... 05.03.2021  10:20

• ArcelorMittal Kryvyi Rih conducts testing of sinter machine after reconstruction ArcelorMittal Kryvyi Rih is implementing a program of large-scale modernization of the sinter plant No. 2 with an ecological focus. This is one of the key investment projects of the company, which will significantly reduce the industrial load on the region and the city. To date, five of the six... 05.03.2021  10:05

• South Korean metallurgists sell scrap metal to China The recent export sale of ferrous scrap from South Korea to China has raised concerns among South Korean steel mills that they will soon have to compete with Chinese buyers for high quality scrap produced in the South Korean domestic market. It was heard last week that a shipment of HS scrap... 04.03.2021  12:57

• Liberty Steel faces financial issues The UK-based GFG Alliance, which includes steel makers Liberty Steel and InfraBuild and aluminum producer Alvance in its portfolio, has been cut off by its main financial unit and is reportedly struggling to find a replacement. UK media outlets, including the BBC, reported that London-based... 04.03.2021  09:31

• US finished steel imports projected to decline in 2021 The American Iron and Steel Institute (AISI) predicts a significant reduction in the country's finished steel imports this year. The estimates provided by the association are based on import trends during the initial monthly period of the year. The country is likely to see a 7.9% decline in... 03.03.2021  09:56