Metallurgy news

• ArcelorMittal ready to sell three Italian steel mills The acquisition of Ilva's assets was conditionally approved by the EU in early May, subject to the divestiture of certain assets, the Italian authorities later postponed the takeover. Although, initially it was expected that the deal will be completed by the end of the second quarter of this year.... 21.09.2018  09:37

• Metinvest has developed software that helps it save $ 20 million annually In the summer of 2011, Metinvest began digital transformation and implementation of the SAP platform (Systems, Applications and Products in Data Processing. Systems, Applications, Products for Data Processing). The company did not limit itself to automating processes through standard applications... 20.09.2018  19:56

• A worker was fatally injured at the Zaporozhye iron ore plant On September 20, 2018, at the mine "Operational" of the PJSC "Zaporozhye Iron Ore Plant", there was a sudden detachment of the rock mass from the roof of the mine at the horizon of 873 meters, which injured an employee of the enterprise born in 1979. According to the press service of the plant,... 20.09.2018  19:45

• Production of iron ore concentrate in Iran is growing According to a report by the Iranian Ministry of Mines and Reconstruction (IMIDRO), production of iron ore concentrate in Iran increased by 19 percent in the first five months of the current Iranian calendar year (starting March 21) compared to the same period last year. Iran produced 18.42... 20.09.2018  12:50

• EU steel mills raise prices At the end of July, steel prices began to rise as customers ordered steel to replenish stocks in order to increase supplies after the summer break. Growth in Northern Europe was rather modest, while in Italy and Spain it was more pronounced. The market was relatively calm in August due to the... 20.09.2018  12:42

• PJSC "ArcelorMittal Kryvyi Rih" modernizes the energy infrastructure of the enterprise PJSC ArcelorMittal Kryvyi Rih has built a new blast-furnace gas pipeline with a length of more than one kilometer and a cost of over UAH 134 million. Now the commissioning and transfer to the balance sheet are being completed, after which the gas pipeline will be put into operation. The new gas... 20.09.2018  09:58

• Global steel production to grow amid slowing consumption - Fitch Fitch expects the global steel market surplus to average 700,000 tonnes from 2018 to 2027, compared with an average deficit of 1.9 million tonnes from 2013 to 2017. Global output growth will remain positive, up 1.9% this year, albeit at a slower pace than output growth from 2016 to... 19.09.2018  09:18

• POSCO Daewoo enters the global automotive steel market POSCO Daewoo intends to strengthen its position in the global market for advanced steel sheets for the automotive industry in partnership with a Korean auto parts manufacturer. POSCO Daewoo aims to break away from the simple trading business and build a long-term growth base by strengthening its... 19.09.2018  09:06

• British Steel will eliminate nearly 10 percent of the workforce British steelmaker British Steel has announced the elimination of 400 jobs. A company that employs 5,000 people, explaining to people this process by "reducing" costs. Most of the cuts will affect managerial and administrative positions at factories in the UK, Ireland, France and the... 17.09.2018  14:23

• Chinese steel mills prepare for stricter smog rules Steel mills in Tangshan, China's largest steel city, are rushing to install equipment to meet new "ultra-low" emissions targets by October 31, as pollution control measures threaten to further shock the sector. According to analysts who tracked more than 150 sinter plants in the city affected by... 17.09.2018  13:15