Metallurgy news

• Coal imports are still vital to the German metallurgy industry The production of electricity in Germany by burning coal has dropped significantly over the past couple of years. The government's resolve to move away from coal as an energy source no later than 2038 as part of a larger climate protection program will inevitably accelerate this trend. The... 06.07.2020  11:07

• The world's longest suspension bridge will connect Europe and Asia The Canakkale 1915 Bridge, slated to open in 2023, will first become a steel infrastructure spanning the Dardanelles, which separates the European and Asian continents. While the Turkish government is undertaking an ambitious infrastructure investment program, parts of the country are being... 06.07.2020  10:41

• Naveena Group to Build Environmentally Friendly Plant at Qasim Port in Karachi The Naveena Group, a conglomerate that focuses on wind energy and other business sectors, on Sunday announced the launch of Naveena Steel, its green steel plant located in the port of Qasim in Karachi. The group will showcase Pakistan's first induction heating system at its Italian plant, using... 06.07.2020  10:31

• UK government grants emergency loan to Celsa Steel The UK government has provided an emergency loan to Celsa Steel to enable the company to continue trading and provide over 1,000 jobs. As part of the loan, which is expected to be fully repaid, the company must meet a number of legally binding conditions. These include commitments to protect jobs... 06.07.2020  10:29

• Zaporizhstal production results in June 2020 In June 2020, Zaporizhstal produced 366.2 thousand tons of pig iron, 310.7 thousand tons of steel, 259.1 thousand tons of rolled metal. Compare June 2020 production to June 2019 The volume of pig iron production in June 2020 amounted to 366.2 thousand tons, which is 27.9% higher than in June... 03.07.2020  11:37

• Increased Chinese Incentive Threatens Latin American Steel Sector Latin American Steel Association Alacero said that while the novel coronavirus pandemic is dampening demand in global markets, Chinese exporters have increased their tax breaks by 1,464 products since March 20. The export commodity tax deduction rate for steel products such as wire rod rose from... 03.07.2020  11:13

• Steel industry and trends in ferrous metallurgy Steel producers and scrap processors around the world noted that the iron and steel and ferrous scrap markets are seeing a slow recovery amid uncertainty due to the impact of Covid-19. In general, in June there was a noticeable improvement in market conditions compared to April. According to... 03.07.2020  10:47

• India must increase per capita steel consumption According to Steel Minister Dharmendra Pradhan, India has sufficient capacity to produce steel, but it still lags behind in consumption. “We have significantly increased our production capacity. However, there is huge growth potential in terms of increasing steel consumption per capita, which is ... 02.07.2020  12:09

• An unprecedented crisis in the steel industry ArcelorMittal, one of the largest steel producers in the world, owns one of the steel mills in Spain. Unofficial information in the media indicates that the group may, due to high costs, stop producing steel there; instead, he would manufacture it in Brazil and ship it to Spain from there. It's... 02.07.2020  11:51

• US steel groups look to USMCA agreement The American steel industry hopes the entry into force of the agreement between the United States, Mexico and Canada will boost steel demand in North America, steel industry groups said on July 1, when the new trilateral trade agreement went into effect. “For US steelmakers, Canada and Mexico a... 02.07.2020  11:47