Metallurgy news

• Metinvest Severny GOK modernizes equipment The Northern Iron Ore Beneficiation Plant of Metinvest Group is modernizing induction machines in workshop No. 1 for the production of pellets. The company has allocated 270 million UAH for the renovation of production equipment. The modernization of the LURGI 278A and OK 306 induction machines is... 17.06.2020  12:10

• Severstal plans to increase steel exports Russian steelmaker Severstal expects domestic demand to fall 5-7% in 2020 compared to 2019 as a result of the coronavirus outbreak, but says the increase in exports has allowed it to continue production to full capacity. Severstal CFO Alexey Kulichenko said: “The second quarter will be the most d... 17.06.2020  12:00

• Steel product sales through BUCE grew by 13% in January-May 2020 BelTA reported that sales of metal products through the Belarusian Universal Commodity Exchange increased by 13%, including thanks to the supply of steel from the Belarusian Metallurgical Plant. Belarusian Universal Commodity Exchange (BUCE) Roman Yaniv said: “In January-May, 12,500 tons of ferrous ... 16.06.2020  12:12

• Ezz Steel reports losses Ezz Steel Company recorded a consolidated loss of EGP 7.9 billion in 2019, compared with a loss of EGP 1.02 billion in 2018, an increase of 674.5 percent. Its sales dropped to 45.71 billion EGP, down from 49.116 billion EGP in 2018. According to separate results, the company's profit in 2019... 16.06.2020  12:10

• JSW Steel USA relaunches electric arc furnace and rolling mill in Ohio JSW Steel USA is relaunching its electric arc furnace, or EAF, and hot rolling mill at Mingo Junction in Ohio during the week of June 15, after work was temporarily suspended in mid-April when the company completed planned capital projects, JSW Steel USA. Ohio COO Mike Panzeri said in a business... 16.06.2020  11:48

• Severstal denies interest in Thyssenkrupp assets Reuters reported that Russian steel giant Severstal has no plans to participate in industry consolidation in Europe. This statement effectively narrows down the list of potential partners for Germany's Thyssenkrupp. Severstal CFO Alexei Kulichenko told Reuters: "Europe does not look like an... 15.06.2020  13:36

• 2 Thyssenkrupp managers will soon be jailed in Italy Two German managers who were convicted of a fire in December 2007 at the Thyssenkrupp steel mill in Turin that killed seven workers will soon be jailed. Former CEO Harald Espenhan, whose sentence was reduced on appeal to 9 years and 8 months, and Gerald Prignitz, whose sentence was reduced to 6... 15.06.2020  13:27

• Workers' strike stops work at Tata Steel IJmuiden in Holland Workers at Dutch Tata Steel went on strike Wednesday to protest planned job cuts. Mine preparation workers laid down their tools at 2:00 p.m. local time, forcing blast furnaces and other operations at the Ijmeiden ironworks to stop. FNV union spokesman Roel Berguis said: "They want, among other... 12.06.2020  11:30

• MMK hits record for HRC production in May According to the company, in May the Magnitogorsk Iron and Steel Works (MMK) reached a record level of hot rolled coil production. The volume was 534,174 tons at the 2000 hot rolling mill, which is the largest monthly production. The previous record was set in July 2018 with 527,955 tons. Hot... 12.06.2020  11:23

• Slab prices continue to rise amid reduced supply Slab suppliers from the CIS exited the market this week, with only the Ukrainian supplier having raw materials for casting in August. In the absence of supplies from the CIS, the Turkish retailer has booked 20,000 tonnes of British-made slab at a price of US $ 375 per tonne franc by September... 11.06.2020  11:02