Metallurgy news

• Hayange British Iron and Steel Works in France sold separately British Steel Jingye's Chinese buyers were reportedly furious as it was revealed that British Steel's French plant was being sold separately from the rest of the company. The deal included all of British Steel's assets, including subsidiaries such as the Hayange plant in northern France, which... 06.12.2019  09:52

• Long products price in EU will increase in December The current demand in the steel market remained stable, but not strong in the EU. However, due to the rising cost of raw materials, the price of scrap has increased even more in recent weeks. Based on this, many steel mills in the EU have tried to raise the price of long products and plate,... 06.12.2019  09:38

• Thyssenkrupp outlines a plan for the reorganization of the steel block Thyssenkrupp plans to turn the business into its biggest profit engine. He sent employees a memo stating that the company intends to increase earnings before interest and taxes at Steel Europe to an average of € 600 million in the coming years, driven by job cuts and increased auto sales, making it ... 05.12.2019  13:36

• Unions reject new ArcelorMittal Italia plan for ILVA Workers' trade unions have rejected ArcelorMittal's new plan for the former metallurgical group ILVA, which calls for 4,700 layoffs by 2023, including 2,891 immediately. Italian Industry Minister Stefano Patuanelli said that “he is disappointed with the steps back taken by ArcelorMittal. The g... 05.12.2019  13:27

• HRC prices in Asia could go up dramatically Hot rolled steel (HRC) export prices in India hit a new high. With increased demand in Asia, HRC prices in Asia are currently rising higher and higher. The main reason for the strong price was mainly due to the fact that the selling price of Indian steel companies became strong due to strong... 05.12.2019  13:20

• European steel prices approach the end of the current growth cycle Buying activity, resale value and sentiment remain weak in the European flat products market in November. Slow economic growth, global trade conflicts and political difficulties have increased pessimism. The lack of orders, in particular from the automotive sector, continues to have a... 04.12.2019  11:40

• Record global stainless steel production forecast for 2019 and 2020 MEPS predicts global stainless steel production will hit a record 52.1 million tonnes in 2019. This will be a 3 percent increase over the previous record set last year. MEPS expects global production to continue to grow in 2020. A new peak volume of 54.2 million tonnes is projected for next... 04.12.2019  11:37

• ArcelorMittal Seeks Protection Against Future Essar Steel Investigations ArcelorMittal of steel tycoon Lakshmi Mittal has asked the government for immunity from possible future investigations involving Essar Steel and its former promoters, the Ruia family. Mittal wants to avoid repeating any controversy like Bhushan Power and Steel (BPSL), where the Legal Directorate... 04.12.2019  10:51

• Sanzheev Gupta is still interested in buying British Steel According to British media reports, Sanjeev Gupta is willing to buy British Steel if no deal with the Chinese firm Jingye Group is reached. Gupta is still interested in acquiring the company, but he is concerned that the rescue plan may come too late if Jingye Group postpones its offer, the source... 03.12.2019  12:15

• Trump to impose 25% tariffs on steel imports from Argentina and Brazil Blaming Argentina and Brazil for harming American farmers over currency manipulation, US President Donald Trump said on Monday that he would impose tariffs on steel and aluminum imports in retaliation. Trump tweeted that “Brazil and Argentina are leading a massive devaluation of their c... 03.12.2019  12:03