Metallurgy news

• 50 best steel companies in 2019 World Steel in Figures has published a list of the 50 largest steel companies by crude steel volume, in million tonnes: Rank Company tonnage 1 ArcelorMittal (1) - 97.31 2 China Baowu Group (2) - 95.47 3 Nippon Steel Corporation (3) - 51.68 4 Group KhBIS (4) - 46.56 5 POSCO - 43.12 6 Shagang... 05.06.2020  11:29

• Texas Steel Conversion warns of layoffs amid oil crisis Texas Steel Conversion, which makes metal pipes and pipes for the oil industry, said it could begin laying off workers at six locations this month. Texas Steel Conversion wrote in a letter to the state: “Due to the COVID-19 pandemic and the current oil and gas market, all 491 employees in all w... 05.06.2020  11:26

• World Steel Association: Steel Demand Down 6.4% The World Steel Association (worldsteel) has published its short-term forecast (SRO) for 2020 and 2021. In 2020, worldsteel predicts that steel demand will decline by 6.4%, falling to 1,654 million tons due to the COVID-19 crisis. Steel demand is expected to rebound to 1,717 million tonnes in 2021,... 05.06.2020  11:19

• ArcelorMittal Poland Board terminated collective agreement The Management Board of ArcelorMittal Poland has terminated the 10-year collective bargaining agreement of the Company, wishing to negotiate new rules with the unions within the next year. Trade union activists announce the protection of workers' rights and do not rule out the possibility of... 04.06.2020  10:47

• POSCO: uses slag to create a marine ecosystem POSCO launched the Ulleung Island Marine Forest Program to celebrate National Ocean Day (May 31). Earlier this month, POSCO installed 100 Tritons * and 750 Triton blocks underwater and created a 0.4-hectare marine forest on Ulleung Island. The Ministry of Oceans and Fisheries has recognized the... 04.06.2020  10:27

• Worldsteel announces 2019 Sustainable Steel Champions The World Steel Association has recognized 9 sustainability champions for their performance in 2019. The 2019 Steel Sustainability Champions are: ArcelorMittal BlueScope Steel Limited China Steel Corporation JSW Steel Limited Nippon Steel Corporation Tata Steel Europe Tata Steel... 03.06.2020  12:26

• Brazilian Steelworkers Seek Government Support Against US Tariffs Brazilian steel companies are asking President Jair Bolsonaro to push for lower US steel and aluminum tariffs. Valor Econômico quoted Marco Polo de Mello López, head of the IABr steel association, as saying: “Export is the main alternative for the sector. We have asked the government to negotiate to... 03.06.2020  12:24

• Hyundai Steel stops production at Dangjin plant South Korean steelmaker Hyundai Steel has suspended production of its electric arc plant on the west coast of South Korea due to weak demand. The company said that some operations have been halted starting this week at the Danjin Iron and Steel Works, 123 kilometers south of Seoul. The company... 03.06.2020  12:12

• In China, consumption of ferrous scrap outpaced growth in steel production The higher emission standards set by the Chinese steel industry have increased the consumption of scrap metal at BOF plants. China's consumption of ferrous scrap has outpaced the country's steel production growth during 2019, according to the latest statistics released by the Bureau of... 02.06.2020  11:20

• Reduced production in developed countries China, India and developing countries in Southeast Asia such as Vietnam, Indonesia and the Philippines continue to have a huge growth profile that will drive steel demand for a long time from infrastructure and real estate development. For developed countries, the picture is less rosy. Except... 02.06.2020  10:33