Metallurgy news

• Iranian metallurgical industry: results and prospects According to ISA, in 2019 Iran was ranked 10th among the world's steel-producing countries, while in 2016 Iran was ranked 14th. In fact, Iran is the largest steel producer in the region. According to the comprehensive steel plan, the country plans to produce up to 55 million tons of crude steel... 26.03.2020  10:55

• MMK Group predicts a decline in domestic steel prices Russian steel giant MMK said: “At the current peak of the spread of the coronavirus and the downturn in business activity, the MMK Group is carrying out equipment repairs along with planned production cuts. At the moment, there is no critical impact on sales in the main markets of the Company. H... 25.03.2020  10:51

• Metallurgical sector resumes operations in Hubei province The steel industry and major construction projects in Hubei province in central China have resumed operations as the province's epidemic is easing. As transport restrictions across China were gradually lifted, Hubei Xinyegang Steel Co brought its first 52-man shipment back to Hubei from Shanghai on... 25.03.2020  10:48

• US Steel to suspend steel pipe production amid coronavirus outbreak US Steel may be idle indefinitely at its Texas and Ohio steel mills as a result of difficult market conditions and high levels of imports. The company issued adjustment and retraining notices to workers at its Lone Star Texas and Lorain Ohio mills, which said downtime-related layoffs could take... 25.03.2020  10:33

• Global steel production increased in February 2020 World crude steel production for 64 countries reporting to the World Steel Association was 143.3 million tonnes in February 2020, up 2.8% from February 2019. China's steel production in February 2020 was 74.8 million tonnes, an increase of 5.0% compared to February 2019. India produced 9.6... 24.03.2020  12:24

• ArcelorMittal Taranto plant to continue some production operations Italian steel mills will have to close most operations in accordance with a government decree passed Sunday, tightening restrictions to combat the spread of the coronavirus. The government has ordered the suspension of production and commercial activities that are not necessary by March... 24.03.2020  11:50

• Korean companies halt production lines in India due to coronavirus Korean companies operating in India have halted their local production lines in line with the Indian government's efforts to prevent the spread of COVID-19. “Following a decision by the Indian government, we will shut down Noida Plant, which makes smartphones, and Chennai Plant, which makes home ... 24.03.2020  11:39

• Yuzhny GOK reduced concentrate production In February 2020, the volume of iron ore concentrate production amounted to 930.2 thousand tons. This is 5.6% less than in February 2019. At the beginning of this year, the company produced 1,916.6 thousand tons of concentrate. This is 91.8% of the indicator for the same period last year. No... 23.03.2020  15:59

• Steel sector affected by coronavirus Lower demand for steel in China, the world's largest consumer, amid a slowdown in the domestic economy, poses challenges for the steel industry. The deadly virus has heavily impacted commodities, including steel, due to concerns about weak demand in China (read: 5 stocks of basic materials to buy... 23.03.2020  10:26

• Tenaris will temporarily suspend production at US facilities Tenaris has announced that it will cut its US workforce due to the sharp, sharp drop in oil prices and the subsequent decline in market activity. It reads: “Employees at Tenaris's Coppel and Ambridge, PA, have been informed that work at these two plants will be suspended from March 31, 2020. Work a... 20.03.2020  12:11