Metallurgy news

• Latest data confirms ECB economic forecasts From the perspective of the Dutch Central Bank, the latest economic data confirms the previous economic forecasts of the European Central Bank (ECB). Forward-looking confidence indicators look robust, while high-frequency data suggests a recovery in mobility, ECB Councilor Claes Noth wrote in the... 10.09.2020  12:38

• Recovery of steel production in China leads to higher prices for zinc Amid a stronger-than-expected recovery in China's economic growth, Fitch Solutions Macro Research has revised up its forecast for zinc prices for the year. The agency originally expected the zinc price to be $ 2,100 per tonne, but changed it to $ 2,200 per tonne from a zinc price of $ 2,507 per... 10.09.2020  11:20

• Microsoft and Tenova innovate steel industry Microsoft and Tenova have strengthened their Industry 4.0 partnership. by leveraging the Microsoft Azure platform and Tenova's innovative steel solutions. Both companies aim to spearhead the digital transformation of a sector that plays a key role in global economic growth, producing $ 2,500... 09.09.2020  12:01

• BMZ increased production of rebar in coils by more than a quarter OJSC “BMZ” produced and shipped to consumers more than 62 thousand tons of rebar in coils for 8 months of 2020. The achieved indicator is more than 25% higher than the level of 2019. The main consumers of rebar in coils are Israeli construction companies, which account for more than 95% of fac... 09.09.2020  11:58

• British government intensifies talks with Tata Steel in UK The British government's Treasury asked investment banker Credit Suisse to advise Tata Steel, which owns the giant Port Talbot plant in South Wales. The appointment of Credit Suisse, which bank sources say has agreed to operate on a volunteer basis, will put an end to speculation that talks... 09.09.2020  11:55

• Steel Prices Have Not Followed Patterns in the Covid-19 Era Compared to the recent rise in steel prices in China, the rise in domestic steel prices looks weak. While steel prices in China have risen, the link between steel prices in China and steel stock prices has weakened. In addition, product price increases in the main downstream industries are proving... 08.09.2020  10:46

• Vietnamese steel imports in January-August 2020 reached 10 million tons Vietnam spent over $ 5.6 billion on imports of over 9.7 million tonnes of steel and pig iron in the first eight months of this year, down 13.2 percent in value and 0.9 percent in volume over the same period. last year. In August alone, the country imported 1.6 million tons of products worth US $... 08.09.2020  10:42

• Böllinghaus Steel strengthens its presence in Italy Bollinghaus Steel, a steel bar manufacturer headquartered in Hilden, has strengthened its presence in the Italian market and opened a subsidiary in Milan. The company recently opened offices not only in Germany, Portugal and the USA, but also in Italy. With its own office, Böllinghaus Steel ... 08.09.2020  10:39

• US threatens China's largest chip maker The Trump administration appears to be considering blacklisting China's largest chip maker. This will further exacerbate high-tech tensions between the United States and China. The Defense Department said it is consulting with other government agencies to take action against Semiconductor... 07.09.2020  12:06

• IG Metall CEO opposes merger of Thyssenkrupp and Salzgitter IG Metall CEO Jörg Hofmann has spoken out against the merger with rival Salzgitter SZGG.DE, which Thyssenkrupp is seeking. “You cannot leverage a troubled corporation through mergers,” Hofmann said in an interview published Monday. He added that Thyssenkrupp was “a problem in itself” that also neede... 07.09.2020  11:15