Metallurgy news

• ATI plans to end production of standard stainless steel sheets in 2021 US-based Allegheny Technologies Incorporated (ATI) announced that it is phasing out its production plan for standard stainless steel sheet materials and is investing in other more strategic areas such as aerospace and national defense. The President and CEO of ATI mentioned that they are aiming... 08.12.2020  11:19

• Nippon Steel plans to increase production at overseas steel plants Nippon Steel Corporation, headquartered in Tokyo, has announced plans to increase production capacity at its steel mills outside of Japan. At the same time, it is planned to reduce domestic steelmaking capacities. It is a response to changing levels of demand and projected demand for the... 08.12.2020  10:49

• EVRAZ North America dismissed nearly 500 employees EVRAZ North America has announced that nearly 500 members of its Canadian pipe division will receive layoffs, meaning workers will lose jobs from December 17th. Layoffs are necessary due to the current financial health and health of its energy sector, especially in western Canada, according to... 08.12.2020  10:44

• Steel exports from China in January-November decreased by 18% China exported 48.8 million tonnes of finished steel in January-November, down 18.1 percent from last year, while imports of finished steel rose 74.3 percent to 18.9 million tonnes over the same period. according to the latest statistics published in the country. General Customs Administration... 08.12.2020  10:31

• Denmark to suspend oil and gas production in the North Sea Denmark refuses to conduct licensing and future tenders for the development of fields in the North Sea The country's government has decided to completely end exploration and production of oil and gas in the North Sea by 2050, Dan Jorgensen, Minister for Climate and Energy, said. To achieve this... 07.12.2020  11:50

• Steel prices in the US will continue to rise According to the Monthly US Steel Sentiment Survey, US steel sentiment was very robust in December, with all participants expecting higher steel and raw material prices in the coming weeks, with most expecting increased production and reduced inventories. In a survey of US manufacturers,... 04.12.2020  11:17

• Export prices for rolled metal in China continue to rise Chinese steelmakers raised export prices for steel products during the third week last week, although domestic steel prices were declining, especially for long products. Between 21 and 27 November, the export price of China's 4.75mm SS400 Hot Rolled Coil (HRC) increased by another $ 18 /t to $... 04.12.2020  11:10

• Vaccine news drives EU stainless steel market growth Ahead of the last few weeks of 2020, the European stainless steel market is looking at what the new year will bring. The second round of coronavirus-related lockdowns and tightening restrictions are starting to be lifted again in several parts of Europe. This time, the measures appear to have... 04.12.2020  10:29

• Coke plants in China raise coke prices The main independent coke producers in North and East China, which are the country's leading coke and steel refineries, have announced their coke selling prices increase by 50 yuan per tonne ($ 7.6 per tonne) effective December 1. Now, as in previous campaigns, coke producers are citing strong... 03.12.2020  12:39

• Liberty and thyssenkrupp confirm takeover prudence Liberty Steel and thyssenkrupp have confirmed they will be involved in a due diligence process that could eventually lead to the takeover of thyssenkrupp Steel Europe by Liberty. “Thyssenkrupp and Liberty Steel Group have agreed to move to the next stage of the process,” the British group said in... 03.12.2020  12:29