Metallurgy news

• ArcelorMittal announces share buyback program ArcelorMittal today announces its share buyback program (the “Program”) pursuant to a resolution issued by the AGM held on June 13, 2020 (“General Shareholders Meeting Resolution”). The background to this Program is based on the Company's sale of 40 million Cleveland-Cliffs common stock for a gro... 15.02.2021  09:54

• Rails from Poland will go to Finland A new 25 km tram line will be built in Helsinki and Espoo. The rails will be supplied from the factories in Chorzów and D Гbrowa Gurnice. The 25 km long Jokeri Light Rail tram line will replace the main bus route 550, the busiest in the region. Of the 25 kilometers of the new tram line, 16 k... 12.02.2021  11:33

• Arcelormittal SA benefits from higher steel prices A global steel shortage, due to a sharper-than-expected recovery in almost all markets, pushed global steel prices to record levels since 2008, helping ArcelorMittal SA cut its losses. The voracious demand for steel in China returned almost immediately after breaking the restrictions regime in... 12.02.2021  11:21

• India needs to expand steel production to meet growing demand As demand for steel grows in the coming years, India will have to increase steel production. India aims to produce between 180 and 190 million tonnes per year by 2030. However, isolation from Covid-19 has sharply halted economic activity and slowed the growth of the steel industry due to... 12.02.2021  11:13

• Imports of steel products in Russia decreased in 2020 According to the Customs of the Russian Federation, in 2020 Russia imported about 5.2 million tons of steel products, which is 27.6% less than in the previous year. In December, imports of ferrous metal products amounted to about 400,000 tons, compared with 330,000 tons in November. Also,... 12.02.2021  10:50

• Vale invests in CO2-free steel production The funds will be used to acquire a minority stake in the company and promote the technology as part of the New Pact with Society initiative for zero-carbon mining. Boston Metal, an MIT subsidiary with early support from Bill Gates' Breakthrough Energy Ventures Foundation, is developing a molten... 11.02.2021  10:18

• ArcelorMittal announces the sale of 40 million shares of Cleveland-Cliffs ArcelorMittal subsidiary based in Europe and the United States announced its decision to sell part of its shares to the American company Cleveland-Cliffs. ArcelorMittal North America Holdings LLC announced an agreement to sell 40 million of the company's common shares through a public offering... 11.02.2021  09:52

• Interpipe supplies pipes to the Middle East The Ukrainian company Interpipe completed the first deliveries of pipes for one of the largest oil companies in the Middle East Qatar Petroleum, Qatar Petroleum plans to use INTERPIPE pipe products in the fields of the Dukhan Field oil and gas basin. Qatar's National Petroleum Company... 11.02.2021  09:30

• Elon Musk Offers $ 100 Million for Best Carbon Capture Innovation Tesla CEO Elon Musk is donating $ 100 million to the winner of the new four-year X Prize Foundation's global carbon dioxide removal (CDR) technology competition. The prize will be awarded to the best project plan to remove carbon dioxide directly from the atmosphere or oceans and store that... 10.02.2021  12:31

• In Germany, sentiment on rising steel prices eased German steel price expectations fell significantly in February from previous months, according to S&P Global Platts' monthly steel sentiment survey. In a survey of German manufacturers, distributors /traders and end buyers conducted in early February, the Steel Price Index stood at 65,... 10.02.2021  12:13