Metallurgy news

• Tata Steel Europe will cut 3,000 jobs Tata Steel outlined proposals for a transformation program in Europe. It says: “The program is essential for businesses to thrive despite severe market disruptions that have led to a sharp decline in profitability. At the same time, it aims to provide the foundation for the investment needed to a... 19.11.2019  11:25

• Iran aims to further increase steel production capacity Currently, Iran's total crude steel production is about 62% of the total in the Middle East. Reza Rahmani, Iran's Minister of Industry, Mines and Business, noted that Iran continues to seek to further increase its share of steel production in the Middle East. Last year, global steel capacity... 19.11.2019  10:00

• Dneprospetsstal celebrated the World Quality Day Last Thursday, November 14, the whole world celebrated the Day of Quality. According to the press service of Dneprospetsstal, the entire team of the enterprise considers this holiday to be professional. “This is not surprising, because the high characteristics of our metal are confirmed by a g... 18.11.2019  14:25

• SSAB will be the first producer of fossil-free steel SSAB plans to be the first company in the world to bring fossil-free steel products to the market. The plan for the transition to non-fossil steel production based on iron ore was presented to more than 400 customers and key industry players in conjunction with the SSAB Swedish Steel Awards in... 18.11.2019  09:23

• ArcelorMittal Italia closes Ilva blast furnaces ArcelorMittal Italia will put all blast furnaces at the former Ilva smelter in Taranto on hold by 15 January 2020 as it plans to close all production at the site. BF2 will shut down on December 12, BF4 on December 30, and BF1 on January 15, while strip mill 2 will be closed from November 26 to 28.... 18.11.2019  09:03

• Metinvest announced plans for massive staff layoffs The global crisis in the steel market has reached Ukraine: Metinvest Group has developed an action plan that will help the company overcome the difficult economic situation with minimal losses. Netherlands mining and metallurgical holding with assets in Ukraine Metinvest B.V. (Metinvest)... 17.11.2019  12:12

• South Korean investment in ASEAN up 17% in 2018 South Korea's direct investment in the Association of Southeast Asian Nations (ASEAN) surged nearly 17 percent in 2018 amid fierce competition from Japan and China to stave off a growing market, data showed Friday. South Korean firms invested $ 5.26 billion in ASEAN countries last year, up 16.7... 15.11.2019  12:24

• China may increase production of stainless steel by 7 million tons in the next 3 years According to statistics from China, the overall growth in stainless steel production in China has increased strongly, especially in the 300 series. The rise in stainless steel production has also raised the level of stainless steel product inventories in China to a high level. Due to this... 15.11.2019  12:16

• Thyssenkrupp Steel launches a series of tests on the use of hydrogen in a blast furnace Thyssenkrupp Steel this week launched a series of tests on the use of hydrogen in a blast furnace during normal operation. At the start of the test, hydrogen was injected through one of 28 tuyeres of blast furnace No. 9 in Duisburg. The start button was symbolically pressed by the Minister of... 15.11.2019  12:09

• MMK to build a new steel cord production plant According to reports, the Russian steel plant MMK planned to invest 2.5 billion rubles. In the construction of a new plant, mainly for the improvement of automobile tires and other technical purposes. The construction was expected to generate 250 jobs and produce 35,000 tonnes of high... 14.11.2019  10:16