Metallurgy news

• GFG Alliance Applies To Purchase Bayou Steel In USA GFG Alliance Liberty subsidiary BSG Holdings Inc is set to pay US $ 28 million for Bayou Steel with plans to reopen a closed Louisiana steel mill. On December 21, a US court announced the bankruptcy of Bayou Steel Black Diamond and that it had selected Liberty as the winner of the tender. Delaware... 24.12.2019  13:14

• ArcelorMittal to sell 50% stake in Global Chartering Limited ArcelorMittal has signed an agreement with DryLog Ltd to sell a 50% stake in Global Chartering Limited, its wholly owned shipping business, and will subsequently establish a 50/50 shipping joint venture with DryLog. The deal is expected to be completed by the end of 2019. GCL currently operates 28... 24.12.2019  13:11

• Japan's steel production fell by more than 10% in November Japan's total crude steel production in November of this year was about 7.7 million tonnes, up about 10.6% year-on-year, also for the fifth consecutive month, according to a report by the Japan Iron and Steel Federation (JISF). downward trend. In November, Japan's average daily crude steel... 24.12.2019  13:09

• Steel production in India may increase by 13 million tons According to statistics, total steel production in India by fiscal 2022 may increase by 13 million tons. The main reason for the significant increase in capacity was due to the fact that many domestic factories decided to expand the skill of their enterprises, such as JSW Steel, Tata Steel and... 23.12.2019  09:35

• Global steel production continues to decline Monthly crude steel production in 64 countries reporting to the World Steel Association (worldsteel) fell slightly this November by 1.0% year on year. World steel production was 147.791 million tonnes during the month, compared with 149.356 million tonnes recorded in the same month a year... 23.12.2019  09:33

• Industrial plan agreement signed for Ilva ArcelorMittal announced that AM InvestCo has signed an agreement with the government designated Ilva, which sets the stage for continuing negotiations on a new industrial plan for Ilva. One of the points in this plan includes discussion of significant equity investments in a government-controlled... 23.12.2019  09:11

• Progress has been made in selling British Steel British Business Minister Andrea Leedsom has confirmed that good progress has been made in selling British Steel to the proposed new owners of Jingye. She said, “I wanted to inform the Support Team that yesterday I had a very positive meeting with Jingye CEO Mr. Li Huiming, and I remain c... 20.12.2019  10:35

• Thailand extends anti-dumping duty on steel imports from three countries The Thai government has extended the anti-dumping duty on cold rolled carbon steel from China, Vietnam and Taiwan for the next five years. Thailand has introduced anti-dumping tariffs ranging from 4.22% to 20.11% of 2014 prices. The duty expired in February 2019, but has been extended until... 20.12.2019  10:02

• Steel production in Italy declined year on year Italy's total crude steel production reached 1.97 million tonnes in November, down nearly 10% year on year, according to an official report from Italy. In the first 11 months, total crude steel production in Italy reached about 21.82 million tonnes, down 4.4% year on year. On the other hand,... 20.12.2019  09:58

• US Steel to suspend production at Gary Works United States Steel has announced additional actions to position the company as a competitive entity in the future. US Steel intends to endlessly shut down a significant portion of its work at its Great Lakes plant near Detroit, Michigan. The Pittsburgh-based steel mill is one of the largest... 20.12.2019  09:46