Metallurgy news

• US Steel will reduce steel production capacity According to various market sources, US Steel intends to further reduce blast furnace capacity in the Mont Valley area outside Pittsburgh amid low demand. At its Gary Works in Indiana, supplies are expected to be cut, she said. The steelmaker is expected to take Blast Furnace # 1 at Mon Valley... 27.04.2020  10:23

• Steel production in India decreased by 14% In March, crude steel production in the country fell by 14% to 8.65 million tonnes, according to a report by the World Steel Association. Since March 25, India has seen a nationwide lockdown affecting production, demand and supply of steel in the country. In the same month, a year ago, the... 24.04.2020  12:43

• Liberty Steel Announces Temporary Production Suspension at Georgetown Steel Plant Liberty Steel has decided to temporarily halt production at its Georgetown steel mill for at least three months. This decision is attributed to the weak global economic conditions caused by the covid-19 pandemic. According to a company press release, the decision could affect nearly 130... 24.04.2020  12:40

• World steel production in March fell by 6% Global crude steel production fell 6% to 147.1 million tonnes in March from a year earlier, data from the World Steel Association showed on Wednesday, as the coronavirus crisis forced steelmaking operations to close. However, crude steel production from China, the world's largest producer and... 23.04.2020  12:55

• Steel prices in the UK stabilize The UK government has announced an extension of the coronavirus restrictions for at least another three weeks. Manufacturing activity in the UK fell sharply in March as a result of government measures to slow the spread of the coronavirus. Several service centers continue to work with the... 23.04.2020  12:17

• China's steel market will pick up steam in mid-year thanks to infrastructure incentives China's steel market is projected to see stronger demand growth by mid-year if expectations for realizing capital investment in infrastructure are increased to about 10% YoY in 2020 from 3.8% in 2019, sources said. Tuesday. The Chinese government said it plans to increase incentives in the... 22.04.2020  13:12

• EU revises quotas on steel imports EU Trade Commissioner Phil Hogan said the coronavirus crisis could lead to huge stocks of steel that could then flood the European Union when demand returns, something that the bloc will seek to prevent. Hogan said that “the adjustment for this year will take place by July 1 as planned. We are l... 22.04.2020  12:45

• China's GDP contracted by almost 7% in the first quarter of 202 0 China's economy contracted 6.8 percent year-on-year in the first quarter of 2020, after growing 6 percent in the last three months of 2019 and a 6.5 percent decline from market forecasts. This is the first decline in GDP since records began in 1992, reflecting the severe damage caused by the... 21.04.2020  13:02

• Tokyo Steel will keep product prices in May Tokyo Steel Manufacturing Co Ltd, the largest electric arc furnace manufacturer in Japan, said on Monday that steel product prices will remain stable in May despite slowing demand from the auto and construction industries due to the coronavirus pandemic. The steelmaker cut all steel product... 21.04.2020  13:00

• India: Covid-19 is about to destroy the profitability of the metals sector Covid-19 casts a long shadow over the long-awaited recovery in fiscal 2021, which is why the Indian steel sector faces yet another period of uncertainty with falling demand and falling prices undermining its profitability. The steel sector has been performing fairly well over the past few... 17.04.2020  12:30