Metallurgy news

• Severstal commissions Cherepovets blast furnace No. 3 Blast furnace reconstruction using Danieli Corus technology using a cooling system and a Hoogovens lining Russian steelmaker Severstal has successfully commissioned blast furnace # 3 at its Cherepovets plant. This furnace was shut down and dismantled in 2007. In 2018, activities related to the... 04.02.2021  09:50

• Yieh Phui Production Line Will Not Stop During The Holidays With the international steel market now in short supply, Yieh Phui, one of Taiwan's largest steel mills, has decided to cancel the Chinese New Year holiday due to high demand for orders. With strong market demand, sales in the first quarter of this year could be strong, even steel mills... 03.02.2021  12:29

• Thyssenkrupp Seeks Clarification on Liberty Steel Offer The bid, which Britain's Liberty Steel filed in January for the purchase of Thyssenkrupp's steel division, is to be clarified in ongoing negotiations between the two firms, the German group's CEO said. The application still contains “a number of difficult aspects that require further c... 03.02.2021  12:22

• China Steel raises prices by an average of 2.5 percent China Steel Corp yesterday said it would raise domestic steel prices an average of 2.5 percent per tonne for next month's delivery, citing higher raw material prices and a recovery in demand amid improved economic outlook. Rising prices for iron ore, coking coal and some alloying elements, along... 02.02.2021  11:33

• Fed: US economy needs additional stimulus Many industries and cities in the United States still have a long way to go to resume operations, according to a speech by Raphael Bostic, 15th President of the US Federal Reserve Bank. The Covid-19 pandemic has caused many Americans to lose their jobs, and one of the main policies of the new US... 02.02.2021  11:24

• Global steel production ends 2020 on a good note World crude steel production continued to grow in December 2020. The monthly production statistics released by the World Steel Association (worldsteel) indicate a 5.8% increase in production from the same month a year earlier. Production in December 2020 in the 64 countries represented by the... 02.02.2021  10:52

• Will China Really Cut Steel Production? China's huge steel sector and the iron industry that powers it are grappling with a seemingly conflicting policy impulse that it should produce less this year, even as demand remains strong amid post-pandemic stimulus spending. In 2020, China produced a record 1.05 billion tonnes of steel,... 02.02.2021  10:39

• ArcelorMittal invests in biogas ArcelorMittal and biomass processing company Vow ASA have signed a letter of intent to build a biogas plant in Luxembourg. The pilot project should provide a quarter of gas to the plant. Preparations for the construction of the first dedicated biogas plant for steel production are under way at... 02.02.2021  10:36

• AM /NS applied to increase steel production capacity to 14 million tonnes ArcelorMittal AM /NS India has applied for environmental permits to expand its smelter from 9.6 million tonnes of liquid steel per annum to 14 million tonnes of liquid steel in the Hazira Notified Industrial Zone, Surat District, Gujarat. “Our long-term production targets of 12 to 15 million t... 01.02.2021  10:18

• Steel inventories of Chinese mills rose 5.7% over the week Inventories of five major finished steel products at 184 Chinese steel mills began to grow rapidly as demand from end-users declined further with the upcoming Chinese New Year holiday on February 11-17. The total inventories of the five main finished steel products, including rebar, wire rod,... 01.02.2021  10:12