Metallurgy news

• Steel production in Italy in 2019 below forecasts Steel production in Italy in 2019 fell 5.2% year-on-year to 23.24 million tonnes, according to the latest data released by the Italian steel association Federacciai, as the year ended with a production cut. In October, the association forecast a decline of 4% to 4.5%. Production of flat... 24.01.2020  09:41

• Chinese futures decline amid raging virus Shanghai steel futures extended losses in trading on Thursday ahead of the weeklong Lunar New Year hiatus amid fears that a new coronavirus outbreak in the country will hit construction activity. The best-selling steel rebar contract on the Shanghai Futures Exchange fell 0.4% to 3,523 yuan ($... 24.01.2020  09:35

• ArcelorMittal Taranto has 3 reported 3 explosions ANSA, citing trade union sources, reports that 3 explosions were recorded in furnace # 2 of the ArcelorMittal metallurgical plant in the southern city of Taranto on the night of Tuesday to Wednesday. Sources said no one was hurt, although the explosions caused extensive damage. Unions said the... 23.01.2020  12:50

• Thyssenkrupp CEO has a year to make fundamental decisions Thyssenkrupp CEO Ms Martina Merz plans to make all the major decisions needed to revive the ailing engineering group within one year of her planned tenure. Ms Merz said: “I am scheduled to join the Board of Directors for one year. By that time, all significant decisions will be made. " Martina M... 23.01.2020  12:45

• Brazil suspends licensing of Chinese iron ore project The Brazilian Federal Court of Montes Claros in the state of Minas Gerais has made a preliminary decision to suspend licensing procedures for the Sul Americana de Metais (SAM) iron ore project. SAM is a subsidiary of Honbridge Holdings in China. Projeto Bloco 8 includes an iron mine located in... 23.01.2020  12:44

• Ukrainian metallurgical plants reduced production in 2019 According to the Ministry of Economic Development, Trade and Agriculture of Ukraine, metallurgical enterprises reduced steel production by 1% in 2019 compared to 2018 to 20.848 million tons, the total volume of rolled steel also decreased by 1%, to 18.387 million tons, and pig iron production... 22.01.2020  09:58

• ArcelorMittal Italia closes steel plant in Taranto ArcelorMittal Italia has informed local metallurgical unions that the company will be shutting down its steel mill # 1 in Taranto from Thursday 23 January until the end of March. At the same time, 250 out of 457 employees will be laid off, and the rest will be transferred to Steel Plant No. 2. Part... 22.01.2020  09:50

• Russian steel production at NLMK in 2019 fell by 10% Steel production at Novolipetsk Iron and Steel Works (NLMK) decreased by 10% year on year to 15.7 million tonnes in 2019, mainly due to a major overhaul of NLMK equipment in Lipetsk. Sales in Russia rose 7% year-on-year to 11.4 million tonnes in 2019, driven by increased demand for... 22.01.2020  09:33

• 2019 was the year of fading ovens in the EU 2019 was probably the worst year of the decade for metallurgy in Poland and beyond. Market demand is weakening and supply for imports is growing. Although the European Union protects its market, the "political correctness" of all EU actions makes them ineffective. Several blast furnaces have... 21.01.2020  11:14

• Baowu Steel Group in search of iron ore China's largest state-owned steel company, China Baowu Steel Group Corp Ltd, has announced plans to expand its overseas presence to increase its share of global iron ore mining operations. Baowu Steel Group Chairman Chen Derong said he chose an overseas target. He said: “The company will team up ... 21.01.2020  10:54