Metallurgy news

• Major steel companies made millions from the climate crisis The reductions in emissions by companies associated with the EU's quota trading system have been quite impressive, but recent progress has been made mainly in the energy sector. This makes the bloc's goal of achieving climate neutrality by 2050 - something that ThyssenKrupp and others have joined -... 26.11.2019  11:54

• China Steel cuts steel prices for the first quarter of next year China Steel Corp announced that it will cut steel prices by an average of 3.03 percent domestically in the first quarter of next year to boost market demand and help buyers close inventories. Steel sheet prices will be reduced by USD 38.47 per ton. The company will also cut prices for... 26.11.2019  11:31

• Israel buys Greek steel company Hellenic Steel Israeli Prime Minister Benjamin Netanyahu's cousin, Nathan Milikovsky, invested in the massive Greek steel conglomerate this year, while the prime minister pushed for a gas pipeline deal with Greece and Cyprus. According to the report, at the end of June, Milikovsky's company Jordan... 26.11.2019  11:07

• The second blast furnace was blown out at the Dnieper steel plant PJSC "DMK" will operate with two blast furnaces after the commissioning of BF No.9 after scheduled repairs and unscheduled downtime. Blast furnace No. 9 was launched at PJSC "Dneprovsky Metallurgical Plant" (DMK) on Monday, November 25. As reported at the enterprise, on November 24, the raw... 25.11.2019  12:43

• Severstal completes modernization of Izhora Pipe Plant In 2019, Severstal invested about 1 billion rubles in the modernization of the Izhora Pipe Plant for the production of electric-welded pipes with a diameter of 508 mm. At the Izhora Pipe Plant, the modernization of technological equipment was completed, including an edge banding press, an... 25.11.2019  12:39

• China is increasing coal production Despite a global call to cut emissions, China is increasing its coal production. Although the share of coal in the country's total energy supply fell from 68% in 2012 to 59% last year, absolute fossil fuel consumption continued to rise. Less than four years after China pledged to limit its use... 25.11.2019  12:25

• India may face iron ore shortage next year Most of India's iron ore leases expire on March 31 next year, according to the news, and the industry is currently concerned that this will jeopardize the supply of raw materials. India may face a severe 50 million tonne iron ore shortage between 2020 and 2021, which will have a strong impact on... 25.11.2019  12:20

• Protest at ArcelorMittal plant in South Africa Around 50 people rallied outside the Saldanha steel mill on Thursday to protest the phased closure of ArcelorMittal's South Africa plant. The picket participants chanted "We need steel!" And they held posters that read: "We Can't Pay School With Fish" and "Ghost Town on the West Coast." Sammy... 22.11.2019  10:12

• Japan fell to 4-month low due to typhoons and fires Steel production in Japan has been steadily declining since July, reaching a fourth-month low in October. Steel production in October fell to 8.16 million tonnes, down 4.9% year on year, as some factories remained closed due to typhoons and fires. Nippon Steel Corp, Japan's largest steelmaker,... 22.11.2019  10:05

• EUROFER calls for support of metallurgists and jobs in the EU On the eve of the trade meeting of the Foreign Affairs Council, the European Manufacturers Association began to urge the Commission to once again consider the issue of protecting metallurgy. This should protect the sector from steel shipped to Europe, given US Section 232 tariffs and strong global... 21.11.2019  11:00