Metallurgy news

• China leads the recovery in metals demand China is leading the metals markets, analysts said, eager to recover from the coronavirus pandemic, as trade tensions with Australia and the US could eventually drive up costs and curb growth. As spot prices for iron ore close to $ 100 per tonne CFR in China this week, the shipping market has... 27.05.2020  10:51

• Tata Steel running at 50% capacity Tata Steel CEO Mr. T.V. Narendran, during a video conference call with the company's suppliers and ancillary production owners last week, said, "The ongoing lockdown forced the company to start the plant at 50% capacity, but it has improved our efficiency." He added: “Demand from the domestic m... 26.05.2020  11:22

• World steel production in April 2020 decreased by 13% World crude steel production for 64 countries reporting to the World Steel Association was 137.1 million tonnes in April 2020, down 13.0% from April 2019. China produced 85.0 million tonnes of steel in April 2020, an increase of 0.2% over April 2019. India produced 3.1 million tonnes of crude... 26.05.2020  11:18

• Economic and steel market prospects 2020-2021 - EUROFER The European Steel Association EUROFER said that “the outbreak of COVID-19 has resulted in lower steel consumption forecasts and a lower overall economic forecast. Shutdown measures taken by governments since March 2020 have seriously impacted production activity and the use of steel in industry. H... 26.05.2020  10:56

• Bayou Steel's laid-off workers sue owners A group of former Bayou Steel employees are suing the former owners of the LaPlace plant, claiming they deliberately waived their employment contract without warning before closing the plant last year. Their lawsuit alleges that Black Diamond and owner Stephen Deckoff negotiated a new employment... 22.05.2020  10:26

• TMK announces first quarter results PJSC TMK, the world's leading manufacturer of tubular products for the oil and gas industry, announces interim consolidated financial results under IFRS for the three months ended March 31, 2020. TMK CEO Igor Korytko said: “In Q1 2020, the Group showed a weaker quarter compared to the same period l... 22.05.2020  10:23

• China Accelerates Infrastructure Investment Supporting Steel Demand China has accelerated its pace of approvals for new infrastructure projects in 2020, and more support is expected to be announced during the "two meetings" starting this week in Beijing, which will boost steel demand. China approved nine airport projects in January-April with a total investment... 21.05.2020  15:15

• ArcelorMittal stops production in Bosnia ArcelorMittal suspended production at its Bosnian steel plant and the mines that supply it with iron ore for 10 days due to falling demand caused by the lockdown in response to the coronavirus pandemic, and sent 80% of its workers home. ArcelorMittal Zenica said that since the outbreak began, its... 21.05.2020  15:09

• EU gives ArcelorMittal a loan to expand carbon reduction technologies The European Investment Bank, with the support of the European Commission, provided ArcelorMittal with a € 75 million loan to build two groundbreaking projects at ArcelorMittal Ghent in Belgium to significantly reduce carbon emissions by converting waste and by-products into value. new products to h... 20.05.2020  11:04

• AISI reports downturn in US steel production US domestic steel production data released by the American Iron and Steel Institute (AISI) over the past week suggests further declines in capacity utilization in the US. Compared to the same period last year, production this week decreased by more than 37%. Production for the corresponding week... 20.05.2020  10:05