Metallurgy news

• Belgian court decides to liquidate Liberty Steel Liège The Belgian Commercial Court rejected a restructuring plan submitted by Liberty Steel's British subsidiary Liberty Liège and ordered the dismantling of the plant. A spokesperson for GFG Alliance, a group of steel and energy companies that includes Sanjeev Gupta's Liberty Steel, said the company ... 20.04.2022  08:42

• Luxembourg company Tenaris stops all trade operations with Russia Leading Luxembourg steel pipe manufacturer Tenaris has announced that due to Russian military action in Ukraine, the company has stopped all trading activities with Russia, including exports to Russia and imports from Russia. At the same time, Tenaris also decided to close the joint venture with... 20.04.2022  08:40

• Russia introduces a ban on the export of scrap alloys to unfriendly countries The Deputy Minister of the Ministry of Industry and Trade of Russia said that Russia had already introduced a ban on the export of scrap alloys to unfriendly countries. Thus, the export of scrap alloys from Russia may be reduced by 90%. The data showed that Russia has significant reserves of... 20.04.2022  08:37

• Thyssenkrupp reduces working hours for 1,300 steelworkers Thyssenkrupp, the German steelmaker, has forced its 1,300 steelworkers to work reduced hours, saying the decision was made in response to the impact of the Russian-Ukrainian war on the auto industry, raw material prices and the economy. However, the number of employees who will be affected by... 19.04.2022  10:10

• Metinvest: steel production capacity has fallen, production will resume after the war Metinvest, Ukraine's largest steelmaker, said on Saturday it "won't operate under Russian occupation," saying more than a third of Ukraine's steelmaking capacity was shut down in the attack on the southeastern port city of Mariupol. Iron ore production in Ukraine has more than halved since... 19.04.2022  10:06

• Raw steel production in Japan for April-June will decrease by 4.2% y /y - METI Japan's crude steel production is expected to fall 4.2% in April-June from a year earlier amid slow car production due to a shortage of chips and components, the Ministry of Economy, Trade and Industry (METI) said on Tuesday. This will mark the second quarterly decline in a row. METI... 19.04.2022  10:03

• China Steel raises prices to counter rising costs China Steel Corp (中鋼), the country's largest steelmaker, is set to raise domestic steel prices by an average of 2.95 percent next month as production costs rise on rising raw material costs and an unfavorable exchange rate, the company said yesterday. The Kaohsiung-based steel company said the un... 19.04.2022  10:00

• Tata Steel to Consider Share Split Offer May 3 Tata Steel Ltd's board of directors will consider a share split proposal on May 3 and also recommend a dividend, the Indian steelmaker said in a statement on Sunday. Without specifying the share split ratio, it was said that the May 3rd meeting would consider a share split with a par value of... 18.04.2022  13:29

• Blast furnace capacity utilization in China reaches 86.42% in second week Between April 8 and 14, the blast furnace utilization rate among China's 247 steel mills increased for the second consecutive week by another 1.48 percentage points from a week to 86.42%, according to Mysteel research, as some steel mills in North and East China resumed work. operations. During... 18.04.2022  13:23

• ArcelorMittal buys 80% of HBI plant in Texas Global steelmaker ArcelorMittal plans to acquire an 80 percent stake in Voestalpine's hot briquetted iron (HBI) plant in Corpus Christi, Texas. ArcelorMittal will spend about $680 million to buy an 80% stake in Austrian Voestalpine, with the facility valued at $1 billion, Voestalpine... 18.04.2022  13:21