Metallurgy news

• Unions in India oppose joint venture with POSCO Back on August 23, the Indian government entered into an agreement with POSCO to create a joint venture for steel production between the Korean steelmaker and Visakhapatnam Steel Plant (VSP) in Visakhapatnam, a port city. and an industrial center in the Indian state of Andhra Pradesh (AP). Union... 26.11.2020  10:56

• Cleveland-Cliffs Receives Approval To Purchase ArcelorMittal In USA Cleveland-Cliffs has received approval from the federal government for its planned acquisition of ArcelorMittal USA for $ 1.4 billion. The FTC's Competition Bureau granted Cleveland-Cliffs an early termination of the waiting period required by the Hart-Scott-Rodino Antitrust Improvement Act of... 26.11.2020  10:39

• Recovery in global steel production picks up steam in October Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) rose 7% in October to 161.89 million tonnes year-on-year, gaining further momentum from growth in August and September. Production in China continued to grow steadily, rising 12.7% in October to 92.2... 25.11.2020  10:39

• CIS factories calculate billets of $ 500 Procurement prices are high, but they are not rising as fast as other commodities. Traders expect this round of sales to hit roughly $ 500 per tonne for January /February loading material as supplies are limited to CIS countries and Turkey only. Turkey itself is in the procurement market and the... 25.11.2020  10:28

• Ukraine in the world ranking of metallurgical production for 10 months of 2020 According to the world organization of steel producers Worldsteel, in 10 months of 2020, metallurgical enterprises of the countries of the world smelted 1,148.07 million tons of pig iron, of which 1,077.53 million tons by the blast furnace method and 70.54 million tons by the direct reduction... 25.11.2020  09:34

• Baowu merger achieves 110 mtpa production 2020 will be an unforgettable year in many ways, and for the global steel market, it is a year of investment and sales as while Tata Steel was selling its steel assets outside India, China Baowu Steel Group (Baowu), a leading steel producer in China, intends to become a leader in the world and... 24.11.2020  11:15

• Tata Steel tests Russian coal to diversify sources6 For the first time, Tata Steel tested several samples of coking coal imported from the Russian Far East during the steelmaking process. The producer intends to use coal from this source to reduce its dependence on Australian coal. When asked about the test results, a company representative... 24.11.2020  10:57

• Thyssenkrupp may close steel sheet production line Thyssenkrupp said that given that the large-scale steel sheet segment did not receive bids from buyers during the competitive bidding process, the company is now considering closing this production line. The group is currently engaged in reform work. In fact, the possibility of ditching its... 24.11.2020  10:48

• EU ends AD investigation on Indonesian stainless steel The European Commission has ended its anti-dumping investigation on stainless steel imports from Indonesia, which is good news for Indonesian stainless steel producers. According to official EU statistics, the total export value of hot rolled stainless steel products from Indonesia to the EU in... 23.11.2020  10:26

• Steel sheet price rises in the USA In the United States, the current domestic flat steel price has increased by USD 33-34 per tonne compared to the previous week. Among them, market participants noted that the main reason for the upward trend in steel sheet prices in the United States may be associated with an increase in... 23.11.2020  10:18