Metallurgy news

• British Steel will resume operations in Northern Ireland British Steel has announced the resumption of production at its plants in Skinningrove in the UK and Lisburn in Northern Ireland. British Steel CEO Ron Deehlen said: “Three weeks ago we suspended production at our Special Profiles facility in Skinningrove, laying off about 300 employees as we a... 27.04.2020  11:31

• China's steel sector slows growth amid coronavirus outbreak China's steel sector has been hit hard by the new coronavirus outbreak, with production slowing in the first quarter of this year and prices falling, but analysts expect a recovery in the second quarter as demand rebounds. Rolled steel production in the first quarter was 267 million tons, down... 27.04.2020  11:05

• US Steel will reduce steel production capacity According to various market sources, US Steel intends to further reduce blast furnace capacity in the Mont Valley area outside Pittsburgh amid low demand. At its Gary Works in Indiana, supplies are expected to be cut, she said. The steelmaker is expected to take Blast Furnace # 1 at Mon Valley... 27.04.2020  10:23

• Steel production in India decreased by 14% In March, crude steel production in the country fell by 14% to 8.65 million tonnes, according to a report by the World Steel Association. Since March 25, India has seen a nationwide lockdown affecting production, demand and supply of steel in the country. In the same month, a year ago, the... 24.04.2020  12:43

• Liberty Steel Announces Temporary Production Suspension at Georgetown Steel Plant Liberty Steel has decided to temporarily halt production at its Georgetown steel mill for at least three months. This decision is attributed to the weak global economic conditions caused by the covid-19 pandemic. According to a company press release, the decision could affect nearly 130... 24.04.2020  12:40

• World steel production in March fell by 6% Global crude steel production fell 6% to 147.1 million tonnes in March from a year earlier, data from the World Steel Association showed on Wednesday, as the coronavirus crisis forced steelmaking operations to close. However, crude steel production from China, the world's largest producer and... 23.04.2020  12:55

• Steel prices in the UK stabilize The UK government has announced an extension of the coronavirus restrictions for at least another three weeks. Manufacturing activity in the UK fell sharply in March as a result of government measures to slow the spread of the coronavirus. Several service centers continue to work with the... 23.04.2020  12:17

• China's steel market will pick up steam in mid-year thanks to infrastructure incentives China's steel market is projected to see stronger demand growth by mid-year if expectations for realizing capital investment in infrastructure are increased to about 10% YoY in 2020 from 3.8% in 2019, sources said. Tuesday. The Chinese government said it plans to increase incentives in the... 22.04.2020  13:12

• EU revises quotas on steel imports EU Trade Commissioner Phil Hogan said the coronavirus crisis could lead to huge stocks of steel that could then flood the European Union when demand returns, something that the bloc will seek to prevent. Hogan said that “the adjustment for this year will take place by July 1 as planned. We are l... 22.04.2020  12:45

• China's GDP contracted by almost 7% in the first quarter of 202 0 China's economy contracted 6.8 percent year-on-year in the first quarter of 2020, after growing 6 percent in the last three months of 2019 and a 6.5 percent decline from market forecasts. This is the first decline in GDP since records began in 1992, reflecting the severe damage caused by the... 21.04.2020  13:02