Metallurgy news

• Voestalpine does not expect recovery in Germany until spring Voestalpine CEO Herbert Eibensteiner believes that the German economy is unlikely to receive a significant boost before the end of Voestalpine's financial year on March 31, 2025. “The question of when Germany will recover is certainly an interesting one,” Eibensteiner said during a conference cal... 18.11.2024  14:03

• Liberty Steel announces plan to restructure Specialty Steel UK Liberty Steel has announced a transformational restructuring plan for its Specialty Steel UK (SSUK) division, marking a major milestone in the company's turnaround strategy. This initiative aims to ease the company's debt burden and position SSUK for future growth. The plan received support from... 15.11.2024  13:28

• NLMK Verona modernizes sheet metal technology and the Italian enterprise NLMK in Verona will build a new electric arc furnace for the production of slabs, the commissioning of which is scheduled for 2027. The new EAF production process is expected to provide minimal environmental impact while facilitating the production of green steel... 28.10.2024  20:21

• Ukrainian steel producers will suffer from the Carbon Emissions Management Mechanism According to a recent study by the Ukrainian GMK Center, pig iron and rolled products production in Ukraine will suffer large losses due to the Carbon Management Mechanism (CBAM) in Europe from 2026. According to the study, almost 93% of Ukrainian exports subject to CBAM regulation are from the... 20.10.2024  20:38

• Worldsteel selects a new chairman The World Steel Association (worldsteel) has announced the composition of its executive board of directors for the period 2024-2025. Tata Steel CEO Thachat Vishwanath Narendra has been named chairman, while Colakoglu CEO Ugur Dalbeler and Nucor president Leon Topalian have been named... 16.10.2024  17:03

• SSAB signs agreement with Norwegian company to supply fossil-free steel Swedish steelmaker SSAB and Norway's largest producer and distributor Smith Stål signed a letter of intent on September 30 regarding the future supply of fossil fuel-free steel, SSAB said in a statement. SSAB has developed two types of low-carbon steel - SSAB zero and SSAB fossil-free steel. ... 02.10.2024  14:02

• Nippon resubmits application for US assessment of USS acquisition Nippon Steel has again asked the US government to reconsider its plan to acquire US Steel (USS). The move could push back the Committee on Foreign Investment in the United States (CFIUS) review deadline by 90 days to December. Thus, the decision will be made after the presidential elections on... 27.09.2024  12:38

• Logistics problems ArcelorMittal Krivoy Rog According to the company's general director Mauro Longobardo, ArcelorMittal Krivoy Rog (AMKR) can only export finished products to nearby European countries due to high transportation costs. “In the middle of this year, the enterprise managed to reach half the pre-war level of metallurgical p... 23.09.2024  23:10

• Nippon Steel to sell $111 million worth of assets to manage debt in deal with US Steel Nippon Steel plans to sell assets worth at least 30 billion yen ($211 million) this fiscal year to manage its debt, the Nikkei reported on Friday, citing a statement from its vice chairman, as the company awaits a decision on the fate of its purchase of US Steel for $14.9 billion. Earlier this... 22.09.2024  13:29

• Interpipe is testing rail deliveries via Poland The Ukrainian company Interpipe is testing a new logistics route for delivering products to EU countries using rail and road transport, in particular through a terminal in Poland. “Interpipe is currently carrying out test deliveries of pipes by rail to a broad-gauge terminal in the Polish city o... 18.09.2024  19:23