Metallurgy news

• Thyssenkrupp presents an innovative green steel concept Thyssenkrupp CEO Martina Merz presented the concept for the first direct reduction blast furnace 2.0 unit with an integrated smelter at the Duisburg site. The currently unique concept of this type has several advantages. It is largely based on the existing structures of Europe's largest steel... 02.09.2020  10:39

• Trump cuts Brazilian section 232 steel import quota US President Donald Trump, citing the protection of the US domestic steel industry, has lowered the restriction on acceptable steel supplies from Brazil. In a proclamation released late Friday night, Trump amended a previous ruling under Section 232 of the Homeland Security Authority to lower... 02.09.2020  10:37

• Steel prices in China may rise in September Both fundamentals and market sentiment will support steel prices in China in general and rebar in particular in September, while coke and scrap prices may remain on an upward trend, while iron ore prices may fall from highs said Wang Jianhua, chief analyst at Mysteel, his short-term forecast for... 02.09.2020  10:12

• EVRAZ will save $ 12 million on new projects based on advanced analytics EVRAZ plc has started pilot operation of smart advisor systems at six production sites. They were developed as part of the comprehensive Advanced Analytics program, implemented in conjunction with The Boston Consulting Group. The program is expected to generate $ 12 million in savings annually.... 01.09.2020  10:50

• NLMK La Louvière continues to modernize its hot rolling mill NLMK La Louvière in Belgium has begun the pre-assembly of three new finishing stands for the modernization of its hot rolling mill, which will allow the company to expand production of thinner, stronger and more environmentally friendly steel for customers in the EU. Pre-assembly will last until ... 01.09.2020  10:45

• Indian steel mills in September will increase Indian steel companies will raise prices from September onward on higher costs and higher world prices. A Business Standard report citing JSW Steel's director of marketing, commerce and corporate strategy says that “the difference between domestic and international prices is currently around 8 p... 01.09.2020  10:38

• China's steel mills rise another 2.1% Inventories of five major finished steel products at 184 Chinese steel companies weekly hosted by Mysteel continued to rise during August 20-26 due to slowing end-user demand, with tonnage increasing another 2.1% in the third week. week before According to the weekly research Mysteel, about 7... 01.09.2020  10:23

• Iron ore prices hit 6-year high Amid growing demand for iron ore in China, the price of the most important steelmaking raw materials is on the rise, with an increase of almost 34% since the beginning of the year. Steel product prices exceeded $ 125 per ton for the first time since February 2014. This is primarily driven by strong... 31.08.2020  11:49

• Iran's steel business outlooks ahead of competitors Iranian Steel's production has steadily expanded in recent years, despite all the forces and obstacles created by external forces such as US sanctions and the coronavirus pandemic, which brutally led to the presentation of the world's leading manufacturers. A report recently released by the... 31.08.2020  11:43

• Nippon Steel Warns China Tightens Global Market Control Nippon Steel's executive vice president, Mr. Katsuhiro Miyamoto, said China intends to strengthen its position in the global steel market as its economy recovers from the coronavirus pandemic faster than its competitors and domestic businesses are expanding higher quality products. He said,... 31.08.2020  11:40