Metallurgy news
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ThyssenKrupp Steel completes converter furnace upgradeThe smelting shop of the BOF # 2 of the German steel company thyssenkrupp Steel has reopened due to a downtime due to the replacement of the lining of blast furnace # 1. Pig iron from the blast furnace is mainly processed into raw steel in converter shop 2, but the resulting downtime did not lead…
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Chinese Ansteel will officially take over BengangAnsteel Iron & Steel Group (Ansteel), a leading Chinese steel producer based in Liaoning province in northeast China, intends to formally acquire Bengang Group (Bengang), another state-owned plant in the province, following procedures by which Ansteel gains a controlling 51% shares. promotions have…
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Japanese steel production jumped 32.5% in JulyCrude steel production in Japan surged 32.5% in July from a year earlier, rising for the fifth straight month as industry demand continued to recover from the coronavirus-driven downturn, the Japanese Iron and Steel Federation said Monday. Steel output from the world's third-largest unseasonably…
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An art object made of Metinvest steel was opened in Cherkasy regionThe Heart of Ukraine art object, made of Metinvest steel, was opened in the Cherkasy region on August 23, on the eve of the 30th anniversary of the country's independence. The complex is located in the geographical center of Ukraine - the village of Maryanovka, Zvenigorod district. Until recently…
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Iron ore price is recoveringIron ore prices rose after falling to an eight-month low last week, as concerns about the outlook for demand from China's leading steelmaker rose in the market. Once one of the hottest commodities in this year's commodity boom, the destruction of iron ore quickly made it one of the most volatile. A…
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Volvo buys fossil-free steelThe Swedish steel producer SSAB Oxelösund has delivered the world's first non-fossilized steel products to its first customer, the Volvo Group. The product was manufactured in northern Sweden using Hybrit technology developed by SSAB in partnership with iron ore miner LKAB and utility Vattenfall…
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Interpipe announces new appointments in the top management of the CompanyUkrainian industrial company INTERPIPE announces a number of new appointments in top management: Denis Morozov has been appointed Deputy General Director of INTERPIPE for strategic projects, responsible for strategy, investment activities, interaction with authorities, legal and communication…
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Stocks of Chinese iron ore traders rise to high levelsIron ore inventories held by traders in 45 Chinese ports, according to a weekly survey by Mysteel, rose 383,000 tonnes per week in the second week to 70.4 million tonnes as of August 12, just slightly below the record 70.7 million. tons reached on July 22, the highest level. since Mysteel began…
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Indian Tata Steel expands capacityIndian producer Tata Steel has commissioned a 500,000 tpa scrap metal recycling plant at Rohtak in Haryana state in northern India to improve the availability of raw materials and reduce dependence on imports. The steelmaker has also released two grades of scrap metal to the market, which will be…
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US market outlook due to Section 232 steel tariffs mixedTraders in the US steel market also discussed the results of a possible resolution of the dispute between the EU and the US. “I'm not sure the EU's Section 232 exclusion will have an immediate impact,” said a US trader. "Everyone is talking about November 1 as the date of a potential decision, but…
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