Metallurgy news

• Tenova Consteel launches melting plant at Acciaieria Arvedi in Italy Tenova has launched a record-breaking smelter, the new Consteel EAF, at Acciaieria Arvedi in Cremona, Italy, replacing the existing Consteel furnace originally installed in 2008. The kiln has an outlet size of 300 metric tons and is designed to provide a turn-on time of 37 minutes when charging a... 02.10.2020  10:12

• EU starts research on imports of cold rolled flat The European Commission has received protection from dumping imports from non-EU countries, arguing that imports of cold rolled stainless steel flat products from India and Indonesia are dumping and thus damaging the Union's industry. The complaint was lodged on 17 August 2020 by the European... 02.10.2020  10:09

• Steel prices in China may recover later in October Domestic steel prices may decline further in October, or even spread across regions for a while before they have a chance of recovery, Wang Jianhua, chief analyst at Mysteel, shared on September 30 in his October market review, explaining that the recovery could begin. if Chinese steel mills are... 01.10.2020  11:23

• India tightens steel import standards The Government of India has now made it mandatory for traders to register with the Steel Import Monitoring System for the import of all iron and steel products, as well as some rail-related goods, in an effort to discourage inbound supplies of such goods and to promote local production. The... 01.10.2020  11:19

• ArcelorMittal Zenica completes investment to reduce dust emissions ArcelorMittal Zenica celebrated the completion of two major environmental investments that will improve air quality in a ceremony attended by senior officials from the federal, cantonal and city of Zenica in Bosnia and Herzegovina. The sinter plant has a second hybrid filter that reduces dust... 30.09.2020  10:55

• Moody's has downgraded the rating of Cleveland Cliffs The review follows Cliffs' announcement of a definitive agreement to acquire ArcelorMittal USA for an estimated capital cost of US $ 1.4 billion and an enterprise value of US $ 3.3 billion. Moody's Investors Service has placed all of Cleveland-Cliffs Inc's ratings, including the B1 corporate... 30.09.2020  10:51

• Stainless Steel Applications in China in 2020 to Drive 5% Growth in Steel Use China's apparent stainless steel consumption will maintain positive growth of around 5-6% in 2020 as the country's stainless steel consumption continues to grow thanks to the increased use of high-quality steel in areas such as marine engineering. according to Liu Yanping, general secretary of the... 30.09.2020  10:47

• Completion of pre-holiday purchases of iron ore in China Chinese steelmakers have more or less completed their iron ore purchases for consumption over the long national holiday of October 1-8 by the week ending September 25 and were prepared for possible logistics disruptions during the upcoming holidays, market sources say. By the end of last week,... 29.09.2020  10:14

• ArcelorMittal to sell its US steel assets The world's largest steelmaker, ArcelorMittal, has agreed to sell nearly all of its US integrated operations to Cleveland-Cliffs for $ 1.4 billion in cash and stock, both companies announced in separate communications on September 28. The deal will make Cleveland-Cliffs the largest producer of... 29.09.2020  09:29

• Ukraine in the world ranking of metallurgical production for 8 months of 2020 According to Worldsteel, during 8 months of 2020 steelmakers from all over the world smelted almost 912 million tons of pig iron, of which 857 million tons were produced by the blast furnace method and 54.96 million tons by the direct reduction method. These figures are 3.09% lower than in the same... 28.09.2020  13:32