Metallurgy news

• Moody's has downgraded the rating of Cleveland Cliffs The review follows Cliffs' announcement of a definitive agreement to acquire ArcelorMittal USA for an estimated capital cost of US $ 1.4 billion and an enterprise value of US $ 3.3 billion. Moody's Investors Service has placed all of Cleveland-Cliffs Inc's ratings, including the B1 corporate... 30.09.2020  10:51

• Stainless Steel Applications in China in 2020 to Drive 5% Growth in Steel Use China's apparent stainless steel consumption will maintain positive growth of around 5-6% in 2020 as the country's stainless steel consumption continues to grow thanks to the increased use of high-quality steel in areas such as marine engineering. according to Liu Yanping, general secretary of the... 30.09.2020  10:47

• Completion of pre-holiday purchases of iron ore in China Chinese steelmakers have more or less completed their iron ore purchases for consumption over the long national holiday of October 1-8 by the week ending September 25 and were prepared for possible logistics disruptions during the upcoming holidays, market sources say. By the end of last week,... 29.09.2020  10:14

• ArcelorMittal to sell its US steel assets The world's largest steelmaker, ArcelorMittal, has agreed to sell nearly all of its US integrated operations to Cleveland-Cliffs for $ 1.4 billion in cash and stock, both companies announced in separate communications on September 28. The deal will make Cleveland-Cliffs the largest producer of... 29.09.2020  09:29

• Ukraine in the world ranking of metallurgical production for 8 months of 2020 According to Worldsteel, during 8 months of 2020 steelmakers from all over the world smelted almost 912 million tons of pig iron, of which 857 million tons were produced by the blast furnace method and 54.96 million tons by the direct reduction method. These figures are 3.09% lower than in the same... 28.09.2020  13:32

• Indian steel production drops more than 4% to 8.48 million tonnes in August - Worldsteel Steel production in India fell more than 4% to 8.478 million tons (MT) in August 2020, according to the World Steel Association (worldsteel). The latest report from the global industry organization said the country produced 8,869 metric tons of steel in the same month last year. However, as... 28.09.2020  13:30

• Exports of Vietnamese steel to China increased 19 times Vietnam's steel exports to China rose 19-fold to 2.07 million tonnes between January and August 2020, according to Vietnamese customs, amid rising demand in a recovering economy. This represented almost 35 percent of Vietnam's total steel exports during this period, and its value rose 15 times to $... 25.09.2020  11:08

• Japan warns South Korea to seize Nippon Steel assets in that country Japan's Chief Cabinet Secretary, Mr. Katsunobu Kato, has warned against liquidating assets owned by Japanese companies Nippon Steel and Sumitomo Metal Corp. in South Korea, where a court last year approved the seizure of company assets to compensate for forced labor during the war. The secretary... 25.09.2020  11:05

• Outokumpu celebrates 90 years of duplex stainless steel production Outokumpu celebrates 90 years of the world's debut of duplex stainless steel. The world leader in stainless steel is seizing the opportunity to highlight the growing role of duplex grades in sustainability. This is made possible by their excellent corrosion resistance and high strength. With this... 25.09.2020  11:03

• Export trade in rolled metal improves in China Steel export prices in China fell from September 14-18, the first drop since early May, as steel suppliers, especially traders, cut their supply when domestic demand fell, Mysteel's latest weekly survey showed. According to respondents, export trade increased after the price gap between Chinese... 24.09.2020  09:36