Metallurgy news

• POSCO Idle in Jiangsu Due to Electricity Restrictions in China Influenced by the latest Chinese government measures to limit capacity, the POSCO stainless steel plant located in Jiangsu, China, is forced to suspend production. The mill was supposed to resume production in early October. In fact, under national control of energy consumption and energy... 29.09.2021  09:46

• Interpipe will increase employees' salaries by 10% From October 1, the Ukrainian industrial company Interpipe will increase wages by an average of 10%. The increase in wages will affect all employees of the pipe division, the steel division and the division of railway products, as well as employees of centralized functions. When raising... 28.09.2021  12:15

• POSCO will supply steel for solar energy POSCO will supply steel materials to Array Technologies Inc. (hereinafter referred to as Array) from the United States, the world's second largest manufacturer of surface mount systems used in solar energy projects. The two companies signed a MOU without being present on the 31st and decided to... 28.09.2021  09:33

• Vietnam's steel exports jumped sharply in August Vietnam's domestic market has been impacted by the COVID-19 epidemic, so the authorities have stimulated export sales of the steel industry. Moreover, Vietnamese mills have just acquired excellent opportunities amid a strong trend in global steel prices, which has boosted sales of coated steel... 28.09.2021  09:28

• Brazilian company Usiminas shutdown blast furnace No. 2 in Ipatinga after the incident On September 27, the company reported that Brazilian steelmaker Usiminas was forced to shut down blast furnace # 2 at its Ipatinga plant following the September 24 incident. The shutdown can last from 90 to 150 days, "depending on the repair solution that will be implemented," the company said... 28.09.2021  09:12

• China's cuts will affect global steel production again The decline in steel production in China continued in August, while producers there produced steel by 13.2 percent in August compared to August 2020. This month-over-month decline follows a similar pattern in July, when production in China fell 8.4 percent from the same period last year. a year... 27.09.2021  12:44

• Liberty plans to restructure Belgian steel mills The Liberty Steel Group is planning a possible restructuring of its Belgian steel mills, Flemalle and Tilleur, owned by Liberty Liège, to ensure their sustainable long-term future, a spokesman for the group said on September 23. According to local media reports, this is expected to entail the ... 27.09.2021  11:24

• Global steel production fell for the first time in 2021 World crude steel production in 64 countries reporting to the World Steel Association (worldsteel) was 156.8 million tonnes (Mt) in August this year, down 1.4% from the same month a year earlier. In 2021, production fell for the first time. Asia and Oceania were the largest steel producing... 27.09.2021  11:22

• Krakatau Steel launches new hot rolling mill Indonesian steelmaker PT Krakatau Steel has launched a new hot strip mill (HSM 2) to increase its domestic market share and reduce Indonesia's dependence on imports. This mill will be the company's second hot strip mill. The first hot strip mill was launched in 1983. The new plant was... 24.09.2021  10:02

• Russia imposes a new MET tax for metallurgical companies, abandoning the idea of ​​a new income tax Russia negotiated a new mineral extraction tax (MET) formula with Russian producers of steel, iron ore, coking coal, fertilizers and mixed ores such as those mined by Norilsk Nickel, but abandoned the idea of ​​a new income tax, officials said. Russia has abandoned the idea of ​​a formula-based i... 24.09.2021  09:47