Metallurgy news
-
Chinese steel mills lose interest in exportChinese steelmakers have been reluctant to pursue export business in the past week due to strong domestic sales and continued uncertainty over whether the central government will cut export tax exemptions on steel, industry sources said. “Export trade has been very sluggish lately. All players are…
-
POSCO tries to exit Myanmar military-backed enterpriseSouth Korean steel giant POSCO has begun to consider how it could close a joint venture with a military-controlled firm in Myanmar following a coup there in February. As Myanmar's ruling circles continue their deadly crackdown on protests, hundreds of people have been killed, people said the Korean…
-
Rebuilding China - A Timely Help for the World?With the catastrophic COVID-19 pandemic hitting the steel industry, a faster-than-expected recovery in China is helping many steel companies around the world. Surprisingly, many steel companies like to increase production for export to China. China's imports of finished steel fell from 13.1 million…
-
AISI welcomes Biden's proposal for infrastructure investmentThe American Iron and Steel Institute (AISI) has welcomed President Joe Biden's "America Jobs Plan", which offers significant new funding for infrastructure investments. The American Employment Plan is an investment in America that will create millions of good jobs, rebuild the country's…
-
China pledges to cut steel productionChina will secure a cut in crude steel production in 2021 and will launch a nationwide investigation into the cuts in steel capacity from 2016 as the country strives to meet its emission reduction targets. China, the world's leading steel producer, has launched a campaign to eliminate obsolete and…
-
German authorities rejected environmental objections to Nord Stream 2Environmentalists from NABU and DUH are protesting against the consent of the authorities to lay a section of the gas pipeline in the economic zone of Germany. The German authorities considered the environmental concerns unjustified. In Germany, two environmental groups have failed in an attempt to…
-
Zaporizhstal increased production of rolled metal by 7.2%In January-March 2021, the Zaporozhye Metallurgical Plant increased its output of rolled products by 7.2% compared to the same period last year - up to 855.5 thousand tons. According to the published press release, steel production during this period increased by 4.4% - up to 1 million 2.6 thousand…
-
Severstal confirms its goal to reduce greenhouse gasesPJSC Severstal has developed an energy efficiency strategy that will largely ensure the achievement of the company's goal of reducing the company's greenhouse gases by 3% by 2023. According to Severstal CEO Alexander Shevelev, with the company's goal to reduce the intensity of greenhouse gas…
-
Liberty Steel owner Gupta warns creditorsLiberty Steel owner Sanjeev Gupta said there was huge interest in his company from financiers looking to refinance billions of dollars in debt to Greensill Capital, and warned lenders against actions that would lead to the destruction of thousands of jobs. “We actually have huge interest from new…
-
Metinvest will increase wages for workers from May 1During April, the company will apply a differentiated approach to the revision of salaries and will report how the salaries of various categories of employees will increase. Prerequisites for an increase Metinvest values highly the contribution of its employees and intends to continue to be the…
Pages
← previous
next →
