Metallurgy news

• Nippon Steel Buys US Steel: Japan-US Relations Stronger Than Ever Japanese Industry Minister Ken Saito said U.S.-Japan ties are "stronger than ever," although he declined to comment directly on the growing attention in the United States on Nippon Steel's proposed deal to buy U.S. Steel. Speaking at a news conference, Saito said he was aware of a statement from... 26.12.2023  14:52

• Britain's largest steelworks in Port Talbot faces 3,000 job cuts Britain's largest steelworks at Port Talbot faces 3,000 job cuts under plans being considered by owner Tata. Unions have united in the fight to prevent job cuts following the company's announcement. There is a deep split between Community and GMB on one side and Unite on the other, which has... 19.12.2023  12:32

• Metinvest and Danieli plan to commission a steel plant in Italy in 2027 Metinvest and equipment manufacturer Danieli intend to commission Metinvest's advanced hot strip mill in Piombino, Tuscany, by 2027, Tuscany President Eugenio Giani said after a meeting in Florence earlier this week with Metinvest-Trametal and Danieli management. The companies took part in two... 12.12.2023  14:28

• European slab manufacturers insist on raising prices European steel producers sought higher plate prices in the week to December 8, although demand remained weak. While projects are showing healthy demand for flat products, large distributors are avoiding purchasing larger tonnages as they already restocked inventories when flat prices declined in... 12.12.2023  14:24

• Norway supports deep-sea mining in the Arctic Ocean Norway has secured a parliamentary majority for plans to open the Arctic Ocean to seabed mineral exploration, despite warnings from environmental groups and the fishing industry that the move would threaten the biodiversity of vulnerable ecosystems. The country's minority centre-left government... 06.12.2023  13:20

• Nine people died at the Poderosa mine in Peru Nine people were killed and 15 injured when a group of armed men raided the Poderosa mines in Patas province, Peru, the interior ministry said in a statement late Saturday. Peru's national police have regained control of the mine, confiscated weapons and detained seven suspects in a fatal... 04.12.2023  12:29

• The price of gold has reached a new all-time high Gold jumped to a new record high on Friday after three straight weeks of gains on bets that U.S. interest rates could soon be cut and on safe-haven buying amid turmoil in the Middle East and elsewhere. New York gold futures rose 1.6% on Friday to close at $2,089.70 an ounce, topping the previous... 04.12.2023  12:25

• Thyssenkrupp will close its Galmeda plant in Spain Germany's Thyssenkrupp is closing its Spanish plant Galmed (FBA9), located near Valencia, the company confirmed when contacted by Callanish. The Sagunto plant can produce 450,000 tons of hot-dip galvanized coils per year. The material is mainly supplied to the automotive sector. The German... 29.11.2023  13:00

• EU and US miss unique opportunity to resolve trade dispute The outcome of the EU Trade Council meeting shows that the EU and US are still far from reaching an agreement on climate protection, combating trade imbalances in global industry and resolving the EU-US trade dispute by the end of 2023, as originally agreed by Commission President Ursula von der... 29.11.2023  12:57

• Strike by Polish truckers threatens pipe supplies from Ukraine Ukrainian pipe companies increased production in January-September, reports the national association of pipemakers Ukrtruboprom. The total volume amounted to 376.1 thousand tons, which is 5.1% more than a year earlier, Callanish notes. However, in September alone, production reached 36.9... 29.11.2023  12:51