Metallurgy news

• POSCO launches innovative steel grade POSCO launched Innovilt, an integrated structural steel grade that combines innovation, value and quality, embodying sustainable and forward-looking structural steel technologies widely used in the construction industry. POSCO said it decided to create an integrated brand so that construction... 14.11.2019  09:51

• AK Steel Ashland ceased operations in the USA AK Steel has announced that it has officially ceased production at Ashland Works. The plant released its steel on November 11, marking the end of the integrated steel mill. Ashland Works has been idle for nearly three years, with the exception of one hot-dip galvanizing line with an estimated... 14.11.2019  09:32

• HRC market in Vietnam is booming According to the news last week, imports of hot rolled coils (HRC) in the Vietnamese market have been active, with about 3-4 million tonnes being made from India. Vietnamese buyers were very interested in lowering prices at Indian factories. However, due to the strict policy of limiting... 13.11.2019  09:34

• Dneprospetsstal celebrates the 50th anniversary of vacuum arc remelting technology The vacuum department of SPC-5 of Dneprospetsstal produces unique alloys that are used in many industries, including rocket and space technology. “We are proud that the name of our Company has often become synonymous with such a thing as“ the first in the world ”. Vacuum-arc, electroslag remel... 13.11.2019  09:31

• Chinese firm rescues British metallurgy? The threat of a cataclysm in the troubled UK steel industry - the collapse of the second largest producer British Steel - has now been averted. Chinese steelmaker Jingye has agreed to buy the sick company, the UK government confirmed today (Nov 11), ending weeks of uncertainty during which it... 13.11.2019  09:18

• Update on the modernization of ArcelorMittal Kryvyi Rih Despite the reduction in cash flows, ArcelorMittal in Kryvyi Rih maintained a high level of investment in modernization between January and September 2019. The mill spent US $ 282 million in 9 months and expects investments to reach US $ 390 million in 2019. Some of the major projects include... 13.11.2019  08:56

• ArcelorMittal SA closes steel plant Africa's largest steel mill, ArcelorMittal SA, decided to relocate its operations in Saldanha for maintenance following an operational review, and the group concluded that Saldanha had lost its structural competitive price advantage, mainly due to high raw material costs. and regulated prices.... 12.11.2019  10:42

• In China, iron ore and steel futures fell amid weak demand Iron ore futures in China closed at a two and a half month low on Monday, falling in the fourth session as demand eased amid a slowdown in the manufacturing sector and shrinking inventories at factories. The best-selling iron ore futures on the Dalian Commodity Exchange for January 2020 delivery... 12.11.2019  10:33

• Ukrainian exports of ferroalloys fell in January-October by 3.6% According to statistics, Ukrainian exports of ferroalloys declined by 3.5% year on year to 90.43 million tonnes in about 2018 compared to the previous year. In 2019, compared to 2018, the volume of exports also decreased on an annualized basis. In particular, the export of ferroalloys from... 12.11.2019  10:31

• China's Jingye Group Frontrunner to buy British company Chinese industrial giant Jingye Group took the lead in buying British Steel after negotiations between government officials and Turkish Ataer Holdings stalled. The message sent to British Steel employees indicates that the Official Recipient is expecting a handshake when selling Jingye soon. The... 11.11.2019  12:33