Metallurgy news

• NLMK begins modernization process at a Belgian plant NLMK La Louvière, a leading flat steel producer in Belgium and part of the Russian NLMK group, received the first major equipment to modernize a hot strip mill, worth 150 million euros, which will allow the company to expand its production of thinner and stronger materials. As a result, more ... 11.05.2020  11:13

• AK Steel closes Dearborn plant AK Steel Corp reports that the Dearborn plant is closing due to rapidly deteriorating business conditions. The company is shutting down its 350-acre hot rolling, annealing and tempering mill, citing a rapidly deteriorating business environment. The closure will take effect on 5 July. The union has... 08.05.2020  10:35

• Metinvest's Italian subsidiaries reopened Italian factories Metinvest Group, Ferriera Valsider and Metinvest Trametal have resumed normal operations after the expiration of a decree from the Italian government to suspend work at the country's metallurgical plants due to the COVID-19 coronavirus pandemic. Ferriera Valsider resumed... 07.05.2020  12:31

• US Steel posted a net loss in Q1 2020 Pittsburgh-based United States Steel Corporation (US Steel) reported a net loss of $ 391 million, or $ 2.30 per diluted share, in the first quarter of this year. This compares to net income of $ 54 million or $ 0.31 per diluted share in the corresponding quarter last year. The company reported... 06.05.2020  10:53

• Russia will become the leading exporter of coal within a decade Russia, the world's largest coal-mining country, plans to increase production and exports over the next 15 years. Russia's share of the global coal export market is projected to rise to 25 percent from the current 11 percent. According to the draft state strategy document issued by the Russian... 06.05.2020  10:47

• Iron ore and metallurgical coal production virtually unaffected by COVID-19 It is quite common when only one country or a very small number of countries dominates the global supply in product markets. For example, OPEC countries, together with Russia and the United States, dominate the global supply of crude oil. Steel materials are no exception. Australia is by far the... 05.05.2020  10:07

• Steel industry in India partially resumes operations The Indian steel industry has begun a gradual resumption of production despite no clear indication of when the nationwide lockdown due to the coronavirus pandemic will be lifted completely. The government extended the ban until May 17, which was due to expire on Sunday. It was expanded as there... 05.05.2020  09:39

• US Steel cuts production and thousands of workers US Steel plans to suspend blast furnace operations at Gary Works and temporarily lay off up to 6,500 workers nationwide in response to the coronavirus pandemic. The company has filed an application with the US Securities and Exchange Commission, saying it plans to issue an adjustment and retraining... 04.05.2020  10:42

• Economic Impact of the COVID-19 Outbreak in China Chief Representative of Worldsteel's Beijing Office and Adviser for Economics, Commodities and Markets, Mr. Frank Zhong wrote: “Since mid-February, the situation in China has improved significantly. Most provinces have not reported any new internal infections for over six weeks. However, it is s... 01.05.2020  12:29

• Will the drop in oil prices lead to a drop in world steel prices? Oil prices have plummeted in recent months. This raises concerns among market participants that a drop in steel prices, similar to the one recorded in 2015, could occur. In December of that year, the average global MEPS hot rolled coil deal price fell by about $ 100 per tonne below the lowest... 30.04.2020  12:02