Metallurgy news

• Strengthening steel production facilities in Northwest China China Baowu Steel Group (Baowu), the largest steel producer in China as well as the largest steel producer in the world, continues to expand its capacity and internal strength at the same time, taking the final step to strengthen its position in Northwest China through the acquisition of existing... 30.11.2020  10:00

• Strong wire rod market in China drives regional prices up The East Asian wire rod import market continued to grow last week. Wire rod appears to outperform rebar amid limited Chinese export supply driven by strong domestic demand in China. Bids for SAE 1008 wire rod from Southeast Asia prevail at $ 555-560 per tonne Manila. They are $ 10 per ton higher... 27.11.2020  10:23

• NLMK's new super steel grade NLMK Lipetsk has mastered the production of a new brand of high-strength cold-rolled steel - a unique product for the Russian market. Its properties allow the manufacture of lighter components while maintaining the same material strength, which means that NLMK steel can replace imported steel in... 27.11.2020  10:17

• US steel imports up 20% in October 2020 The American Iron and Steel Institute (AISI) reported today that the country imported a total of 1.502 million net tonnes (NT) in October this year. Imports for the first ten months of this year amounted to NT 19.149 million. The above figures are based on the most recent data published in the... 26.11.2020  11:08

• Unions in India oppose joint venture with POSCO Back on August 23, the Indian government entered into an agreement with POSCO to create a joint venture for steel production between the Korean steelmaker and Visakhapatnam Steel Plant (VSP) in Visakhapatnam, a port city. and an industrial center in the Indian state of Andhra Pradesh (AP). Union... 26.11.2020  10:56

• Cleveland-Cliffs Receives Approval To Purchase ArcelorMittal In USA Cleveland-Cliffs has received approval from the federal government for its planned acquisition of ArcelorMittal USA for $ 1.4 billion. The FTC's Competition Bureau granted Cleveland-Cliffs an early termination of the waiting period required by the Hart-Scott-Rodino Antitrust Improvement Act of... 26.11.2020  10:39

• Recovery in global steel production picks up steam in October Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) rose 7% in October to 161.89 million tonnes year-on-year, gaining further momentum from growth in August and September. Production in China continued to grow steadily, rising 12.7% in October to 92.2... 25.11.2020  10:39

• CIS factories calculate billets of $ 500 Procurement prices are high, but they are not rising as fast as other commodities. Traders expect this round of sales to hit roughly $ 500 per tonne for January /February loading material as supplies are limited to CIS countries and Turkey only. Turkey itself is in the procurement market and the... 25.11.2020  10:28

• Ukraine in the world ranking of metallurgical production for 10 months of 2020 According to the world organization of steel producers Worldsteel, in 10 months of 2020, metallurgical enterprises of the countries of the world smelted 1,148.07 million tons of pig iron, of which 1,077.53 million tons by the blast furnace method and 70.54 million tons by the direct reduction... 25.11.2020  09:34

• Baowu merger achieves 110 mtpa production 2020 will be an unforgettable year in many ways, and for the global steel market, it is a year of investment and sales as while Tata Steel was selling its steel assets outside India, China Baowu Steel Group (Baowu), a leading steel producer in China, intends to become a leader in the world and... 24.11.2020  11:15