Metallurgy news

• ArcelorMittal Taranto has 3 reported 3 explosions ANSA, citing trade union sources, reports that 3 explosions were recorded in furnace # 2 of the ArcelorMittal metallurgical plant in the southern city of Taranto on the night of Tuesday to Wednesday. Sources said no one was hurt, although the explosions caused extensive damage. Unions said the... 23.01.2020  12:50

• Thyssenkrupp CEO has a year to make fundamental decisions Thyssenkrupp CEO Ms Martina Merz plans to make all the major decisions needed to revive the ailing engineering group within one year of her planned tenure. Ms Merz said: “I am scheduled to join the Board of Directors for one year. By that time, all significant decisions will be made. " Martina M... 23.01.2020  12:45

• Ukrainian metallurgical plants reduced production in 2019 According to the Ministry of Economic Development, Trade and Agriculture of Ukraine, metallurgical enterprises reduced steel production by 1% in 2019 compared to 2018 to 20.848 million tons, the total volume of rolled steel also decreased by 1%, to 18.387 million tons, and pig iron production... 22.01.2020  09:58

• ArcelorMittal Italia closes steel plant in Taranto ArcelorMittal Italia has informed local metallurgical unions that the company will be shutting down its steel mill # 1 in Taranto from Thursday 23 January until the end of March. At the same time, 250 out of 457 employees will be laid off, and the rest will be transferred to Steel Plant No. 2. Part... 22.01.2020  09:50

• Russian steel production at NLMK in 2019 fell by 10% Steel production at Novolipetsk Iron and Steel Works (NLMK) decreased by 10% year on year to 15.7 million tonnes in 2019, mainly due to a major overhaul of NLMK equipment in Lipetsk. Sales in Russia rose 7% year-on-year to 11.4 million tonnes in 2019, driven by increased demand for... 22.01.2020  09:33

• 2019 was the year of fading ovens in the EU 2019 was probably the worst year of the decade for metallurgy in Poland and beyond. Market demand is weakening and supply for imports is growing. Although the European Union protects its market, the "political correctness" of all EU actions makes them ineffective. Several blast furnaces have... 21.01.2020  11:14

• Baowu Steel Group in search of iron ore China's largest state-owned steel company, China Baowu Steel Group Corp Ltd, has announced plans to expand its overseas presence to increase its share of global iron ore mining operations. Baowu Steel Group Chairman Chen Derong said he chose an overseas target. He said: “The company will team up ... 21.01.2020  10:54

• Impact of US sanctions on steel exports from Iran Iranian sources told S&P Global Platts that new US sanctions on Iranian steel exports are likely to have little impact as pricing remains attractive to Asian buyers. One trader said: “The recent US sanctions are not expected to have much of an impact on Iranian steelmakers if steel prices remain ... 21.01.2020  10:51

• Iron ore prices hit new high Chinese steel production is breaking records, which automatically affects the price of iron ore. Economic data showed that the country's steelmakers produced 1 billion tonnes of steel in 2019. This is the second record year in a row. China's import price of 62% iron ore rose to $ 97.58 /t, a... 20.01.2020  12:34

• ArcelorMittal Dofasco fined for production violations Steelmaker ArcelorMittal Dofasco in Hamilton, Ontario has been fined approximately C $ 300,000 after pleading guilty to two separate workplace incidents since 2018. ArcelorMittal Dofasco was fined C $ 170,000 for a blast furnace malfunction in May 2018 and an additional C $ 120,000 for an incident... 20.01.2020  12:20