Metallurgy news
-
Interpipe will increase employees' salaries by 10%From October 1, the Ukrainian industrial company Interpipe will increase wages by an average of 10%. The increase in wages will affect all employees of the pipe division, the steel division and the division of railway products, as well as employees of centralized functions. When raising salaries, a…
-
POSCO will supply steel for solar energyPOSCO will supply steel materials to Array Technologies Inc. (hereinafter referred to as Array) from the United States, the world's second largest manufacturer of surface mount systems used in solar energy projects. The two companies signed a MOU without being present on the 31st and decided to…
-
Vietnam's steel exports jumped sharply in AugustVietnam's domestic market has been impacted by the COVID-19 epidemic, so the authorities have stimulated export sales of the steel industry. Moreover, Vietnamese mills have just acquired excellent opportunities amid a strong trend in global steel prices, which has boosted sales of coated steel in…
-
Brazilian company Usiminas shutdown blast furnace No. 2 in Ipatinga after the incidentOn September 27, the company reported that Brazilian steelmaker Usiminas was forced to shut down blast furnace # 2 at its Ipatinga plant following the September 24 incident. The shutdown can last from 90 to 150 days, "depending on the repair solution that will be implemented," the company said in a…
-
China's cuts will affect global steel production againThe decline in steel production in China continued in August, while producers there produced steel by 13.2 percent in August compared to August 2020. This month-over-month decline follows a similar pattern in July, when production in China fell 8.4 percent from the same period last year. a year…
-
Liberty plans to restructure Belgian steel millsThe Liberty Steel Group is planning a possible restructuring of its Belgian steel mills, Flemalle and Tilleur, owned by Liberty Liège, to ensure their sustainable long-term future, a spokesman for the group said on September 23. According to local media reports, this is expected to entail the…
-
Global steel production fell for the first time in 2021World crude steel production in 64 countries reporting to the World Steel Association (worldsteel) was 156.8 million tonnes (Mt) in August this year, down 1.4% from the same month a year earlier. In 2021, production fell for the first time. Asia and Oceania were the largest steel producing regions…
-
Krakatau Steel launches new hot rolling millIndonesian steelmaker PT Krakatau Steel has launched a new hot strip mill (HSM 2) to increase its domestic market share and reduce Indonesia's dependence on imports. This mill will be the company's second hot strip mill. The first hot strip mill was launched in 1983. The new plant was launched with…
-
Russia imposes a new MET tax for metallurgical companies, abandoning the idea of a new income taxRussia negotiated a new mineral extraction tax (MET) formula with Russian producers of steel, iron ore, coking coal, fertilizers and mixed ores such as those mined by Norilsk Nickel, but abandoned the idea of a new income tax, officials said. Russia has abandoned the idea of a formula-based…
-
CISA: steel prices in China will fluctuate in the near futureCISA warned that domestic demand for steel will decrease in the coming weeks due to the worsening international situation and slower economic growth in the country. CISA cites the latest United Nations data released on September 15 that shows global growth could fall to 3.6% in 2022 from 5.3%…
Pages
← previous
next →
