Metallurgy news

• SSAB will be the first producer of fossil-free steel SSAB plans to be the first company in the world to bring fossil-free steel products to the market. The plan for the transition to non-fossil steel production based on iron ore was presented to more than 400 customers and key industry players in conjunction with the SSAB Swedish Steel Awards in... 18.11.2019  09:23

• ArcelorMittal Italia closes Ilva blast furnaces ArcelorMittal Italia will put all blast furnaces at the former Ilva smelter in Taranto on hold by 15 January 2020 as it plans to close all production at the site. BF2 will shut down on December 12, BF4 on December 30, and BF1 on January 15, while strip mill 2 will be closed from November 26 to 28.... 18.11.2019  09:03

• 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