Metallurgy news

• Tata Steel Europe will cut 1,250 jobs across Europe Tata Steel Europe CEO Henrik Adam said that job losses in Europe will be 1,250, not 3,000 as expected. In a letter to employees on Monday, Adam described the company's financial position as serious. He said: “There is an urgent priority to improve business performance and our cash position. The b... 11.03.2020  09:12

• China PMI drops to 36 in February due to coronavirus impact The CFLP Steel Logistics Professional Committee announced that the China Steel Purchasing Managers Index fell 10.5 basis points from January to 36.6 in February, as the coronavirus impacted refining demand, leading to an increase in finished steel inventories. The sub-index for steel production in... 10.03.2020  11:26

• Strong euro increases pressure on EU scrap exporters Scrap exporters Benelux started the week cautiously as the euro strengthened against the dollar. The scrap market in the region is quiet, with exporters waiting to assess exchange rate movements before buying or selling to export markets. Prices for HMS 1 & 2 80:20 further fell to 200-205 € /t f... 10.03.2020  11:02

• Chinese Jingye acquires British Steel Jingye Group, a private Chinese steelmaker, has completed its acquisitions of British Steel's assets in the UK and the Netherlands from British Steel's official successor and will expand the company's steelmaking capacity by moving to a steelmaking electric arc furnace at Teesside, Jingye announced... 10.03.2020  10:49

• Baowu is the largest steel producer in the world in 2019 Steel giant China Baowu Steel Group announced Wednesday that it has surpassed Luxembourg-based ArcelorMittal to become the world's largest crude steel producer in 2019. Baowu's annual crude steel production reached 95.22 million tonnes last year, up from 89.8 million tonnes reported by... 06.03.2020  09:40

• New Zealand steel mill reports coronavirus cases New Zealand media reported that the New Zealand Ministry of Health has confirmed the fourth positive test for the Covid-19 coronavirus in New Zealand. New Zealand Steel has confirmed that the person is an employee of the Glenbrook plant. CEO Gretta Stevens said: “We are pleased to announce that t... 06.03.2020  09:23

• Coronavirus and steel - no news, is that good news? The European and American steel industries have yet to report any major incidents related to the so-called coronavirus. According to the European Steel Association (EUROFER), the virus has not yet had a significant impact on the EU steel market. “Steel producers in the EU can supply products f... 05.03.2020  09:47

• Future EU-UK partnership Starting this week in talks on the future of EU-UK relations, the European Producers Association has been urging both sides to reach the most comprehensive agreement possible. The European steel industry, its suppliers and end-users, need smooth trade in a stable environment, mutual market access,... 05.03.2020  09:39

• Metalloinvest modernizes electric arc furnaces in the Urals Metalloinvest has completed the modernization of electric arc furnaces (FMF) as part of the comprehensive strategic development program for Ural Steel in the electric arc furnace shop of the plant. The furnaces were commissioned after refurbishment using the unique flexible modular furnace... 05.03.2020  09:21

• Dniprovsky MK increased output of marketable products by 6.3% Dneprovsky Iron and Steel Works (DMK, Kamenskoye) by the end of February 2020 produced 191,983 tons of marketable products, exceeding the monthly target by 3.6%. Since the beginning of the year, the output of marketable products amounted to 420 812 tons (+ 6.3% to the plan). The plant's economic... 04.03.2020  14:51