Metallurgy news
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Greek company Sovel signs contract with Danieli to modernize rolling millGreek steel company Sovel has awarded Danieli Automation a contract to modernize the entire electrical and automation system of its long mill in Almyros, Magnissia. The project aims to improve safety, stability and reliability of production so that the plant is ready for the future by replacing…
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Huta Czestochowa metallurgical furnaces will start operating early next yearPolish plate rolling mill Huta Czestochowa began cold re-operation on Friday under a new tenant, state-owned coal exporter and steelmaker Weglokoks. After more than a year of downtime, the plant's equipment was not in the best condition, but workers managed to begin commissioning on schedule, new…
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Nippon Steel revises US Steel acquisition dateJapan's Nippon Steel said Thursday it has revised the closing date for its acquisition of US Steel, expressing confidence that the acquisition will protect and ensure the growth of the American company. “Nippon Steel hopes that the President will use this time to conduct a fair and fact-based…
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Italian valve manufacturers raise pricesSeveral Italian rebar producers are stopping sales and seeking an increase of €20/t ($20.8) for deliveries scheduled for January. Mills have already increased their values this month and will continue to supply material until the end of this week. Current quotes from producers are set at €320/t…
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China tightens rules to limit methane emissions from coal minesChina's Ministry of Environmental Protection said Thursday it will impose tighter limits on methane emissions from coal mining in a bid to curb emissions of the powerful climate-warming gas. While methane is a significantly more potent greenhouse gas than carbon dioxide, it stays in the atmosphere…
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Ruukki opens new production of roofing profilesRuukki Construction, part of SSAB, has opened a new production line for roofing profiles in Vympel, Finland. In recent years, Ruukki has spent a total of €8 million (US$8.4 million) on the Vympel plant as part of a multi-year investment program. At Vympel, the company has further improved product…
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Trump confirmed his intention to block the merger of USS and NipponUS President-elect Donald Trump is reaffirming his campaign promise to block US Steel's acquisition of Japan's Nippon Steel. “I am categorically opposed to the once great and powerful US Steel being purchased by a foreign company, in this case Nippon Steel of Japan,” Trump said in a Truth Social…
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Italian plate producers raise pricesPrices for Italian plate steel are rising, driven by a recovery in domestic demand and attempts by producers to raise prices to restore profitability. The market is showing signs of increased activity as reported by factories; however, distribution sources indicate that weak activity continues…
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Norwegian company Blastr Green Steel will supply ultra-low carbon steelNorwegian decarbonized steel developer Blastr Green Steel has announced that it has signed a memorandum of understanding with German steel distributor INTERFER Edelstahl Group for the annual supply of 150,000 tonnes of ultra-low carbon HRC steel products. Deliveries of these products are planned to…
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Voestalpine does not expect recovery in Germany until springVoestalpine CEO Herbert Eibensteiner believes that the German economy is unlikely to receive a significant boost before the end of Voestalpine's financial year on March 31, 2025. “The question of when Germany will recover is certainly an interesting one,” Eibensteiner said during a conference call…
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