Metallurgy news

• Metinvest announced plans for massive staff layoffs The global crisis in the steel market has reached Ukraine: Metinvest Group has developed an action plan that will help the company overcome the difficult economic situation with minimal losses. Netherlands mining and metallurgical holding with assets in Ukraine Metinvest B.V. (Metinvest)... 17.11.2019  12:12

• South Korean investment in ASEAN up 17% in 2018 South Korea's direct investment in the Association of Southeast Asian Nations (ASEAN) surged nearly 17 percent in 2018 amid fierce competition from Japan and China to stave off a growing market, data showed Friday. South Korean firms invested $ 5.26 billion in ASEAN countries last year, up 16.7... 15.11.2019  12:24

• China may increase production of stainless steel by 7 million tons in the next 3 years According to statistics from China, the overall growth in stainless steel production in China has increased strongly, especially in the 300 series. The rise in stainless steel production has also raised the level of stainless steel product inventories in China to a high level. Due to this... 15.11.2019  12:16

• Thyssenkrupp Steel launches a series of tests on the use of hydrogen in a blast furnace Thyssenkrupp Steel this week launched a series of tests on the use of hydrogen in a blast furnace during normal operation. At the start of the test, hydrogen was injected through one of 28 tuyeres of blast furnace No. 9 in Duisburg. The start button was symbolically pressed by the Minister of... 15.11.2019  12:09

• MMK to build a new steel cord production plant According to reports, the Russian steel plant MMK planned to invest 2.5 billion rubles. In the construction of a new plant, mainly for the improvement of automobile tires and other technical purposes. The construction was expected to generate 250 jobs and produce 35,000 tonnes of high... 14.11.2019  10:16

• POSCO launches innovative steel grade POSCO launched Innovilt, an integrated structural steel grade that combines innovation, value and quality, embodying sustainable and forward-looking structural steel technologies widely used in the construction industry. POSCO said it decided to create an integrated brand so that construction... 14.11.2019  09:51

• AK Steel Ashland ceased operations in the USA AK Steel has announced that it has officially ceased production at Ashland Works. The plant released its steel on November 11, marking the end of the integrated steel mill. Ashland Works has been idle for nearly three years, with the exception of one hot-dip galvanizing line with an estimated... 14.11.2019  09:32

• HRC market in Vietnam is booming According to the news last week, imports of hot rolled coils (HRC) in the Vietnamese market have been active, with about 3-4 million tonnes being made from India. Vietnamese buyers were very interested in lowering prices at Indian factories. However, due to the strict policy of limiting... 13.11.2019  09:34

• Dneprospetsstal celebrates the 50th anniversary of vacuum arc remelting technology The vacuum department of SPC-5 of Dneprospetsstal produces unique alloys that are used in many industries, including rocket and space technology. “We are proud that the name of our Company has often become synonymous with such a thing as“ the first in the world ”. Vacuum-arc, electroslag remel... 13.11.2019  09:31

• Chinese firm rescues British metallurgy? The threat of a cataclysm in the troubled UK steel industry - the collapse of the second largest producer British Steel - has now been averted. Chinese steelmaker Jingye has agreed to buy the sick company, the UK government confirmed today (Nov 11), ending weeks of uncertainty during which it... 13.11.2019  09:18