Metallurgy news

• Mineral extraction tax in Russia will be pegged to world prices After Russia proposed to increase the mineral extraction tax (MET) next year, the Finance Ministry on August 30 proposed linking the mineral extraction tax to world metal prices, and the policy was expected to end in October. However, it has been difficult to formulate a tax rate that is... 02.09.2021  11:56

• Electrotechnical plants in Russia demand a reduction in export duties The Russian Electrometallurgical Association has demanded that the government reduce export duties on semi-finished products and steel materials from scrap steel in order to restore the minimum profitability of electric furnaces. Starting from the beginning of August this year, Russian exports... 02.09.2021  11:49

• Steel demand in China will recover in September Steel demand in China is expected to rebound in September from the previous month, while supply will be slightly different from August, which may generally support domestic steel prices, leading to some recovery over the month, says Wang Jianhua. , chief analyst at Mysteel in his monthly survey.... 02.09.2021  10:37

• Metinvest announces financial results for the first six months of 2021 Metinvest B.V., the parent company of an international vertically integrated mining and metals group of companies (hereinafter “Metinvest” or “the Group”), today announced its unaudited consolidated interim financial results under IFRS for the six months ended June 30, 2021. This release also c... 01.09.2021  12:00

• Pakistan interested in selling Pakistan Steel The Pakistani government has invited foreign and domestic investors to express interest in acquiring Pakistan Steel Mills (PSM). PSM established a 100% privately owned subsidiary, Steel Corp, to revive the closed smelter. The State Privatization Commission (PC), together with PSM (PSM), expects... 01.09.2021  11:38

• Cybersecurity Is Critical for Steel Mills Cyberattacks are a daily occurrence, and attacks against technology-oriented industrial enterprises pose a threat to the steel sector as well. In the past, isolation of OT-Operational Technology networks ensured the security of the enterprise, but today, thanks to the innovations of Industry 4.0... 01.09.2021  11:28

• How technology works At the Ingulets mining and processing plant of Metinvest Group, a new route of the ore cyclic-flow technology (CCT) complex was put into operation. This is one of the largest mining projects of the company over the past decade. Metinvest invested about $ 50 million in the construction of the... 01.09.2021  00:00

• US crude steel production plummets According to statistics from the American Iron and Steel Institute (AISI), for the week ending August 28, crude steel production in the United States was about 1.87 million tonnes, down 0.2% from the same period a week ago, and also an increase of 26 , 9% over the same period a year earlier. The... 31.08.2021  20:48

• WorldSkills Ukraine blue-collar job competition starts in October In October this year, the qualifying stage of the All-Ukrainian competition of professional skills WorldSkills Ukraine 2022 for young professionals and schoolchildren will begin in Ukraine. Metinvest Group has been the general partner of the competition for the sixth year in a row. The... 31.08.2021  12:00

• The ArcelorMittal Kryvyi Rih team expresses condolences on the death of a child in a summer camp The ArcelorMittal Kryvyi Rih team expresses condolences on the death of a child in the summer camp Yesterday, August 29, at about 21:00, during an evening performance at the Burevestnik children's camp, a 14-year-old girl fainted on stage ... The camp's medical workers immediately provided the... 30.08.2021  12:30