Metallurgy news

• The largest Japanese companies Nippon Steel, JFE and Kobe Steel recorded a loss The Japan Times reported that all three major Japanese steelmakers fell in negative territory in April-June as the coronavirus crisis forced automakers and other customers to suspend production, resulting in lower demand. Domestic leader Nippon Steel Corp reported a group net loss of 42 billion yen... 17.08.2020  09:14

• Miory Metallurgical Plant will debut at the Belarusian Commodity and Raw Materials Exchange in September On September 3, the first export trading in metal products produced by the Miory Metallurgical Plant will be held at the Belarusian Universal Commodity Exchange. The agreement was reached following negotiations between BUCE and Miory Steel. As BelTA was told by the press secretary of BUCE Roman... 17.08.2020  09:12

• NLMK participates in green startups initiative The Russian metallurgical company NLMK Group, which claims to be the largest steel producer in Russia and one of the most efficient in the world, has taken on the role of a strategic partner of GreenTech Startup Booster (GTSB), Russia's first accelerator of green startups. Sergey Chebotarev,... 14.08.2020  09:20

• Thyssenkrupp will continue to implement its restructuring plan CFO Klaus Keiberg said at a press conference that German steel mill Thyssenkrupp is still operating at "more than 60%" capacity, reiterating that there is no update on the joint venture or sale while negotiations are underway with unknown partners. Thyssenkrupp did not elaborate on plans for the... 14.08.2020  09:17

• Dneprospetsstal successfully passed QMS recertification audit At the beginning of August, at our Enterprise, the auditors of TÜV "Thüringen" (Germany) conducted a recertification audit for the compliance of the plant's production and management processes with the requirements of the international standard ISO 9001: 2015. The ISO 9001: 2015 certificate d... 11.08.2020  11:38

• The US-China trade war did not greatly affect trade in the Asian steel market The trade war between the United States and China has not seriously affected Malaysia's trade performance with both countries, even though it has affected the global economy. The Ministry of International Trade and Industry (MITI) reported that Malaysia's trade with the United States in... 11.08.2020  11:36

• Steel and chemical companies prepare for decarbonization Steel and chemical companies - two of the worst greenhouse gas emitters - say they have clean alternatives under development, but they need government policies that won't undermine their efforts. "Policy is very important," said Andreas Bode of BASF, the world's largest chemical company, "as... 10.08.2020  12:26

• US Steel posts net loss in Q2 2020 report The Pittsburgh-headquartered United Steel Corporation (US Steel) reported a net loss of $ 589 million, or $ 3.36 per share, during the second quarter of 2020. Adjusted net loss was $ 469 million, or $ 2.67 per share. This is compared to the second quarter of 2019, net income of $ 68 million, or $... 03.08.2020  12:36

• Global stainless steel production hits 4-year low Global stainless steel production is projected to reach 47.2 million tonnes per year in 2020. After four years of continuous growth, this would represent a drop of nearly 10 percent from last year. The slowdown is mainly due to the Covid-19 pandemic and measures taken by authorities around the... 03.08.2020  12:32

• Reconstruction of the sinter plant is nearing completion at the Illichivsk Metallurgical Combine Ilyich Iron and Steel Works in Mariupol is close to completing one of the largest environmental projects in the history of independent Ukraine - the reconstruction of an agglomeration plant. Italian specialists arrived on site to install the software and conduct cold and hot tests of the dust... 03.08.2020  12:13