Metallurgy news

• Elon Musk Offers $ 100 Million for Best Carbon Capture Innovation Tesla CEO Elon Musk is donating $ 100 million to the winner of the new four-year X Prize Foundation's global carbon dioxide removal (CDR) technology competition. The prize will be awarded to the best project plan to remove carbon dioxide directly from the atmosphere or oceans and store that... 10.02.2021  12:31

• In Germany, sentiment on rising steel prices eased German steel price expectations fell significantly in February from previous months, according to S&P Global Platts' monthly steel sentiment survey. In a survey of German manufacturers, distributors /traders and end buyers conducted in early February, the Steel Price Index stood at 65,... 10.02.2021  12:13

• Economic recovery and weakening dollar boost steel demand He estimates that the average steel price this year will be 15 percent higher than last year. Domestic demand and steel prices are expected to rise this year on the back of a global economic recovery. In addition, the expectation that the US dollar will continue to depreciate adds to the... 10.02.2021  11:54

• WTO postpones decision on US metals tariffs to second half of 2021 The World Trade Organization has postponed its ruling on metals tariffs imposed by the United States until at least the second half of 2021, giving President Joe Biden more time if he wishes to settle disputes. The WTO group, which tackles the challenges posed by China, the European Union,... 09.02.2021  10:09

• Rolled metal for the longest suspension bridge in South America The unique steel suspension bridge in Chile, South America stands out as one of the most challenging engineering projects ever undertaken. The Chacao Bridge project is located just 80 kilometers from the epicenter of the 9.5 magnitude earthquake that hit the country in 1960. The designers faced... 09.02.2021  10:01

• Metinvest in 2020 increased steel production by 9% in 2020 The largest mining and metallurgical holding of Ukraine Metinvest, by the end of 2020, increased steel production by 9% compared to 2019 - up to 8.268 million tons, pig iron - by 7%, up to 8.475 million tons, total coke production - by 3%, up to 4.808 million tons. According to a press release... 09.02.2021  09:40

• Metalloinvest modernizes blast furnace Steelmaker Metalloinvest announced that blast furnace # 2 of its subsidiary, Ural Steel, was officially commissioned last December after being upgraded with a production capacity of 2,000 tonnes of pig iron per day and a maximum capacity of 760,000 tonnes. cast iron per year. It is planned that... 08.02.2021  11:15

• Iron ore stocks in China hit new low Iron ore concentrate inventories at 186 selected Chinese mining companies fell to 1.6 million tonnes as of February 4, hitting a new low since Mysteel began researching reserves in January 2019. Declining production among mining companies and strong sales to steel mills resulted in a decline,... 08.02.2021  11:13

• CEO Martina Merz completely reorganizes Thyssen-Krupp At Europe's largest steel mill, 14,000 employees in Duisburg are waiting for Thyssen-Krupp's executive board to decide what to do with the steel production. The head of the group Martina Merz announced the corresponding decree for March. There are three options: steel remains in the group, steel... 05.02.2021  12:27

• Splitting the level of steel production between Asia and the rest of the world Steel production fell 0.9 percent last year. However, this is the average for the countries of the world. In the European Union, the decline exceeded 11%, and in the USA - 17%. At the same time, China increased production by more than 5 percent. China, India and Japan are invariably among the... 05.02.2021  12:09