Metallurgy news

• Tata Steel Considers UK Nationalization Plan Tata Steel has been submitting proposals to Whitehall in recent weeks to secure government funding of around £ 1bn in its UK operations. In turn, the Indian parent company will hand over to British taxpayers a stake of up to 50%, which would mean the semi-nationalization of Britain's largest ... 27.07.2020  11:05

• China became a net steel importer for the first time in 11 years China became a net steel importer for the first time in 11 years in June, despite record daily steel production for the month. This indicates the extent of the Chinese-fueled economic recovery that has boosted domestic steel prices while other markets are still recovering from the impact of the... 27.07.2020  11:00

• Profits of metallurgical companies are expected to fall in 21 financial years The ratings agency Crisil said the operating margins of US steel companies are likely to see a decline in fiscal 21. However, he predicts a better position compared to the recession in FY16. According to the report, Indian primary steelmakers' operating margins are likely to decline 2-15%,... 24.07.2020  11:31

• Severstal announces financial results for the second quarter and first half of 2020 PJSC Severstal announced financial results for the second quarter and first half of 2020 for the period ended June 30, 2020. Severstal CEO Alexander Shevelev “I am pleased to note that all of our companies have performed well despite the disruptions in the market caused by the COVID-19 outbreak. ... 24.07.2020  11:25

• China and Vietnam counteract global steel production dynamics In June, steel production in 64 countries represented by the World Steel Association (worldsteel) fell 7% year on year to 148.3 million tons. The association, however, reiterates that many of the numbers are estimates and are likely to be revised next month due to the impact of the Covid-19... 24.07.2020  11:11

• EWE and ArcelorMittal collaborate on sustainable steel production in Bremen EWE and its subsidiary Swb and steel producer ArcelorMittal signed a letter of intent to cooperate. The agreement aims to produce green hydrogen in Bremen. At the site of the power plant in Mittelburen, a first phase will include an electrolysis plant with a capacity of up to 24 megawatts, which... 23.07.2020  12:13

• US Steel will resume work at Gary Works in August US Steel announced that it will reopen blast furnace # 8 at its Gary Works in Indiana, which has a design capacity of 1.07 million tonnes per year on August 1, to meet increased demand from the contract business. US Steel said: “As a major supplier of steel to the automotive industry, Gary Works is ... 23.07.2020  12:07

• EVRAZ NTMK launches a blast furnace EVRAZ Nizhny Tagil has completed the overhaul of blast furnace 6. The project required USD 176 million in investment and 16 months to complete. The volume of the furnace is 2200 cubic meters, its planned annual production is 2.5 million tons of pig iron. Blast furnace 6 has two pouring chambers... 23.07.2020  12:04

• AISI's new CEO focused on industry, steel imports More than a decade later, working behind the scenes to protect the U.S. steel industry from unfairly imported imports, Kevin Dempsey became interim executive director of the American Steel and Steel Trade Group, American Iron and Steel Institute (AISI). Dempsey has taken on the role of the metals... 21.07.2020  13:02

• Czech VHM plant goes bankrupt The Regional Court in Ostrava declared bankruptcy of the Ostov steel producer Vítkovice Heavy Machinery. According to the court, there are several reasons why VHM went bankrupt. The proposal to reorganize the company, which was originally put forward by the majority shareholder of CE Power ... 21.07.2020  12:50