Metallurgy news

• COVID-19 will cut iron ore production in China by 3% in 2020 Analyst firm GlobalData said iron ore production in China is forecast to decline 3% to 78.2 million tonnes in 2020 due to the impact of the coronavirus (Covid-19). Operating rates at private iron ore mines declined from 34.9% to 29.6% between January and February 2020, and overall production of... 14.04.2020  13:01

• The expected explosive rise in oil prices did not follow According to the statements of the news agencies, the OPEC + negotiations, which lasted 4 days in the online format, ended with the adoption of an agreement that suits all interested parties to one degree or another on reducing production capacities and volumes of crude oil supplies to the... 14.04.2020  11:20

• French industry can safely return to work French companies in the auto, aerospace and metallurgy industries are poised to return to work and provide "impeccable sanitation" to the country's metallurgical lobby on Sunday, and called on the government to spell out the country's plans. President Emmanuel Macron is due to address the nation... 13.04.2020  12:24

• Liberty Steel fires workers amid spread of coronavirus pandemic in UK Liberty Steel said its Rotherham smelter is expected to lay off 200 employees in response to the COVID-19 pandemic. He has been shutting down production of liquid steel at his Rotherham plant for three weeks, starting immediately, due to falling demand caused by the COVID-19 crisis. The firm said... 13.04.2020  12:18

• Metal produced by Dneprospetsstal conquered Space The products of the Company are used for many spheres of industry, among which a special place belongs to the aviation and space industries. Due to its high technical qualities and properties, the metal of Dneprospetsstal has repeatedly conquered space. April 12, 1961 - this date can be... 13.04.2020  11:44

• Overhaul was carried out at DMK In the rolling shop of the Dnieper Steel Works, the overhaul of the section rolling mill and the heating furnace was completed. A large amount of work was carried out to repair the equipment of the mill line and the heating furnace. Motors and drives of stands, gearboxes of convertible stands,... 10.04.2020  13:44

• Malaysia launches anti-dumping investigation on imports of flat products Malaysia has launched an anti-dumping investigation against carbon steel flat products as well as coated unalloyed steel originating from or imported from China, South Korea and Vietnam, according to the country. Ministry of International Trade and Industry released on March 13th. The... 10.04.2020  13:40

• Moodys predicts significant slowdown in steel consumption growth in India The latest steel sector report released by Moody's Investors Service predicts a significant slowdown in steel consumption growth in India in 2020-21. The forecast for a decline in growth rates is largely in line with the expected slower GDP growth in the country. Domestic steel consumption in... 09.04.2020  12:29

• Chinese Steel Futures Rise After Country Cancels Quarantine Steel futures in China rose for the second session in a row on Wednesday after the completion of a two-month quarantine in the Chinese city of Wuhan, raising hopes for a surge in demand as economic activity resumes in the country. Wuhan, where the coronavirus first emerged, began allowing people... 09.04.2020  12:19

• Production of SAIL and Tata Steel decreased by 50% PTI said that, faced with reduced demand due to a lockdown in India, primary steelmakers such as Steel Authority of India Ltd and Tata Steel have cut their production by about 50 percent. Sources said: “The companies made the decision due to the decrease in market demand after the blockage, which a... 08.04.2020  12:02