Metallurgy news

• Russia continues to be the main steel producer in the CIS region The monthly production data released by the World Steel Association (worldsteel) indicates a nominal decline in crude steel production in the Commonwealth of Independent States (CIS) region in September this year. Production in the region decreased by 0.3% compared to the previous year. Production... 03.11.2020  10:34

• The profitability of the metallurgical sector is increasing In 2020, the global steel industry has been hit by economic constraints related to the coronavirus, rising raw material prices and falling steel prices. Catastrophic financial results were recorded at enterprises in all regions. Between May and August this year, profitability dropped to... 03.11.2020  10:28

• Steel production in Asian countries contradicts global trend The leading producer, China, accounted for almost 79% of the total production in the region in a month. The latest production data released by the World Steel Association (wordteel) indicates a modest increase in steel production in Asian countries this September. China was the leader in production... 02.11.2020  11:35

• The metallurgical equipment repair shop of PJSC "DNEPROSPETSSTAL" celebrates its 75th anniversary. The Metallurgical Equipment Repair Shop marks the anniversary. The structural unit of PJSC "DNEPROSPETSSTAL" celebrated its 75th anniversary on October 31. The shop team carries out the most complex repairs, many of which are unique. Also, repairmen are involved in the modernization of... 02.11.2020  09:38

• Steel market in Brazil will be stable until the first quarter of 2021 Brazilian steel company CSN reported strong results, including 27% growth in steel sales in the third quarter of this year compared to the same period last year. Therefore, CSN expects that the imbalance between supply and demand for steel in Brazil will continue until the end of the first... 30.10.2020  15:30

• U.S. Economic Growth Reaches All-Time High According to official US government statistics, gross domestic product (GDP) growth in the third quarter of this year was 33.1% compared to the previous quarter. It was a new all-time high that also exceeded market expectations. The main reason for this huge recovery was related to the... 30.10.2020  15:27

• MMK in Russia to increase rolled steel production in Q4 Magnitogorsk Iron and Steel Works (MMK), the largest steel producer in Russia, will increase steel exports in the fourth quarter of this year. The main reason for the increase in production in the last quarter of this year is the completely revamped hot-rolled mill. With the addition of a new... 29.10.2020  19:06

• Liberty Steel will increase Adhunik Metaliks' annual capacity by 1 million tons Liberty Steel, a UK-based international company offering complete offerings from liquid steel to high quality precision steel, recently doubled capacity at Adhunik Metaliks, a bankrupt steelmaker that Liberty acquired in March, with the aim of increasing capacity to one million tonnes. a year in... 29.10.2020  19:04

• China may lift ban on scrap imports in early 2021 From Japanese sources it became known that China may lift the ban on imports of scrap metal in early 2021 or no later than June next year. China has reclassified steel scrap as a recyclable resource, so scrap will not be considered waste and therefore will not be subject to the import... 29.10.2020  18:58

• Russian Severstal develops A800R class valves Russian Severstal has developed and mastered the A800R rebar technology, especially in the field of stress relief. The A800R class fittings are manufactured at the Cherepovets Metallurgical Plant and have high strength and bending resistance. This steel reinforcement is suitable for use in... 28.10.2020  17:48