Metallurgy news

• Unions ArcelorMittal Poland asks Prime Minister to intervene The company is using the Covid-19 epidemic to achieve savings in employment costs and government subsidies, according to union activists. ArcelorMittal Poland is the largest steel producer in Poland - it collects about 70 percent of the production potential of the Polish metallurgy. At the... 11.06.2020  10:38

• Steel demand will not rebound until Q3 - Crisil Nearly 60% of respondents said they expect demand to rebound from the third quarter, according to a survey of steel producers by credit ratings agency Crisil, as infrastructure and construction work picks up steam, migrant workers return to work, and government fiscal measures improve... 11.06.2020  10:09

• Steel market in China is preparing for a strong spurt in the summer Steel demand in China will significantly surpass last year's levels from mid-June to mid-July, driven by robust iron ore prices and growing strong demand after the Covid-19 restrictions were lifted earlier this year. However, according to market participants, high production and import volumes... 10.06.2020  11:16

• Steel shipments in the USA decreased by 31.5% compared to 2019 The American Iron and Steel Institute reported that US steel mills shipped 5,623,229 net tonnes in April 2020, down 27.9 percent from 7,802,192 tonnes shipped in the previous month in March 2020 and 31 , 5% less than 8,210,425 tons. shipped in April 2019. YTD shipments in 2020 were 29,732,832 net... 10.06.2020  11:11

• Steel demand to fall in 2020 due to coronavirus Global steel demand is expected to decline this year as coronavirus-related blockages and disruptions impacted industrial activity, in line with the latest Short-term Outlook from the World Steel Association (WSA), the international trade organization for the metals industry. The WSA predicts a... 09.06.2020  11:06

• European steel industry calls for restoring control over steel imports The European Union's steel industry has lashed out at EU trade authorities for failing to cut import quotas in a planned upgrade, saying producers in the bloc are at risk of bankruptcy. The European Steel Association and the executive directors of EU steel producers are targeting the bloc's... 09.06.2020  11:01

• ArcelorMittal Ilva under pressure from trade unions changes work plans Unions representing workers at the Ilva metallurgical plant in southern Italy went on strike on Tuesday to protest ArcelorMittal's reports of plans to cut thousands of jobs at the site. The call from unions FIM, FIOM and UILM came after Industry Minister Stefano Patuanelli accused the group of not... 08.06.2020  11:18

• 50 best steel companies in 2019 World Steel in Figures has published a list of the 50 largest steel companies by crude steel volume, in million tonnes: Rank Company tonnage 1 ArcelorMittal (1) - 97.31 2 China Baowu Group (2) - 95.47 3 Nippon Steel Corporation (3) - 51.68 4 Group KhBIS (4) - 46.56 5 POSCO - 43.12 6 Shagang... 05.06.2020  11:29

• Texas Steel Conversion warns of layoffs amid oil crisis Texas Steel Conversion, which makes metal pipes and pipes for the oil industry, said it could begin laying off workers at six locations this month. Texas Steel Conversion wrote in a letter to the state: “Due to the COVID-19 pandemic and the current oil and gas market, all 491 employees in all w... 05.06.2020  11:26

• World Steel Association: Steel Demand Down 6.4% The World Steel Association (worldsteel) has published its short-term forecast (SRO) for 2020 and 2021. In 2020, worldsteel predicts that steel demand will decline by 6.4%, falling to 1,654 million tons due to the COVID-19 crisis. Steel demand is expected to rebound to 1,717 million tonnes in 2021,... 05.06.2020  11:19