Metallurgy news

• British Steel's new owner looks forward to UK government loans Jingye, the new Chinese owner of British Steel, is seeking another £ 100 million in taxpayer support less than three months after completing the takeover of his bankrupt Scunthorpe-based group. Sky News has learned that the Jingye Group, which acquired the steelmaker in March, has asked the ... 19.05.2020  10:43

• Thyssenkrupp steel production cut Thyssenkrupp expects steel production to contract until the summer, depending on how end-user markets develop, as well as the pandemic. Thyssenkrupp CFO Klaus Keisberg said: “Production cuts are likely to take place until the summer, depending on how the pandemic and demand develop further. The i... 19.05.2020  10:28

• EU steel production outstrips demand Steelmakers in the European Union should be careful when reopening capacity as the COVID-19 lockdown is eased as they risk creating a demand vacuum that will exacerbate downward pressure on prices, analysts and sources say. While factories continue to restrict production, they remain ahead of... 18.05.2020  09:47

• Hyundai Steel has no plans to cut production Hyundai Steel Co. does not plan to further cut production, despite weak demand for steel due to the coronavirus pandemic, its chief said. Earlier this year, South Korea's second largest steelmaker revised annual production of hot rolled products from its electric arc furnace to 700,000 tonnes... 18.05.2020  09:44

• BlueScope hit by cyberattack BlueScope has confirmed that its IT systems have been affected by a cyber incident that disrupted some of the Company's departments. Plants in North Star, Asia and New Zealand are still virtually subject to minor disruptions. Manufacturing and trading operations in Australia suffered; some... 15.05.2020  15:03

• ArcelorMittal staff in Liberia tests positive for coronavirus ArcelorMittal Liberia has informed the public that one of its Buchanan employees has tested positive for the COVID19 coronavirus. This positive result occurs after a person after an illness had a negative test result 14 days ago on April 30, 2020. Although the previous test was negative, the worker... 15.05.2020  14:59

• LED technology is revolutionizing 3D metal printing The technology developed at the University of Graz uses LEDs instead of laser sources for the additive manufacturing of metal parts and optimizes 3D printing of metal in terms of lead time, metal powder consumption, equipment costs and post-processing effort. Developed at the Graz University of... 14.05.2020  11:02

• POSCO donates remedies in Indonesia As part of its efforts to mitigate the impact of COVID-19, POSCO donated US $ 1 million in personal protective equipment and rapid test kits to Indonesia. POSCO distributed 32,000 Korean reusable masks to all employees and their families of PT Krakatau POSCO at Cilegon in Banten, as well as to... 14.05.2020  10:58

• China's steel production is boosted by government incentives China's iron and steel sector has already benefited from the country's rapid recovery from the Covid-19 outbreak and the restart of metal-intensive industries, while production and prices have declined in most other regions. Shanghai rebar prices are up 50 yuan /t ($ 7 /t) to yen 3,490, while... 14.05.2020  10:54

• S&P gives negative outlook for ArcelorMittal S&P Global Ratings affirmed its BBB credit rating for the world's largest steelmaker ArcelorMittal with a negative outlook amid continued pressure from weak market conditions. However, the rating agency said that the growth in demand for steel is already behind. "Manufacturing in Europe and the... 13.05.2020  10:49