Metallurgy news

• Ruukki opens new production of roofing profiles Ruukki Construction, part of SSAB, has opened a new production line for roofing profiles in Vympel, Finland. In recent years, Ruukki has spent a total of €8 million (US$8.4 million) on the Vympel plant as part of a multi-year investment program. At Vympel, the company has further improved p... 06.12.2024  13:10

• Trump confirmed his intention to block the merger of USS and Nippon US President-elect Donald Trump is reaffirming his campaign promise to block US Steel's acquisition of Japan's Nippon Steel. “I am categorically opposed to the once great and powerful US Steel being purchased by a foreign company, in this case Nippon Steel of Japan,” Trump said in a Truth Soc... 04.12.2024  22:42

• Italian plate producers raise prices Prices for Italian plate steel are rising, driven by a recovery in domestic demand and attempts by producers to raise prices to restore profitability. The market is showing signs of increased activity as reported by factories; however, distribution sources indicate that weak activity continues... 02.12.2024  12:42

• Norwegian company Blastr Green Steel will supply ultra-low carbon steel Norwegian decarbonized steel developer Blastr Green Steel has announced that it has signed a memorandum of understanding with German steel distributor INTERFER Edelstahl Group for the annual supply of 150,000 tonnes of ultra-low carbon HRC steel products. Deliveries of these products are planned... 02.12.2024  12:39

• 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