Metallurgy news
-
MMK sold over 7.4 million tonnes of rolled metal on the domestic market in 2020Magnitogorsk Iron and Steel Works: in 2020 MMK sold over 7.4 million tonnes of metal products to the Russian market Despite the difficulties associated with the coronavirus pandemic, the Magnitogorsk Iron and Steel Works (MMK) sold 7.43 million tonnes of metal products to the Russian market last…
-
Steel prices in the EU - peak or plateau?The rapid rise in European steel prices came to a halt in early February as buyers received the latest news on the development of the scrap market in Turkey. The approaching Chinese New Year has reduced activity in the Far East. European participants in the supply chain are now pondering the…
-
China's Steel Mills Jump 46% During HolidaysAccording to the latest weekly survey, inventories of five key finished steel products produced by 184 Chinese steel mills as part of a regular survey by Mysteel surged 46.1% from Feb 4-17. Inventories rose as end-user consumption remained unchanged during Chinese New Year (CNY) February 11-17…
-
Turkish assets MMK set a new record for the production of hot-dip galvanized productsIn January 2021, the hot-dip galvanizing line at the MMK Metalurji plant in Dortiol (Turkey) produced 42,316 tons of products, which is an absolute record for any division of the MMK Group. Only two hot-dip galvanizing lines at MMK's Turkish sites in Dortiola and Dilovashi produced 78,613 tonnes of…
-
Carbon neutrality puts a heavy burden on POSCOThe POSCO cost of replacing one blast furnace with a carbon-free one by 2050 is estimated at approximately six trillion won. The company currently operates nine blast furnaces and has an estimated total replacement cost equivalent to its 30-year operating profit. The South Korean government…
-
China's Baowu Steel acquires Kunming Steel and targets Shandong SteelThe world's largest steel producer Baowu Steel of China, with a capacity of 115 million tonnes of steel per year, has signed an agreement with the Yunnan provincial government to donate 90% of its shares in Kunming Steel. The production capacity of Kuming Steel is 10 million tons per year, in 2019…
-
Iran: production of metal products increased by 2%Steel production in Iran increased by two percent during the first ten months of the current Iranian calendar year (March 20, 2020 - January 19, 2021) compared to the corresponding period last year. As reported, for ten months of this year, 12.145 million tons of metal products were produced…
-
Thyssenkrupp completes negotiations with Liberty to sell its steel divisionGermany's Thyssenkrupp said on February 17 that the company had completed negotiations to sell its steel division to Liberty Steel, focusing on its own restructuring. Thyssenkrupp said the decision came after a failure to reach an agreement with Liberty. “We opened the door to negotiation, but in…
-
US issues ruling on the import of steel pipes from Ukraine, South Korea and RussiaThe US Department of Commerce (USDOC), following an investigation into imports from these three countries, issued dumping definitions: imports of seamless standard, line and pressure pipes made of carbon and alloy steel from South Korea, Russia and Ukraine will be subject to anti-dumping (AD)…
-
NLMK La Louvière hot strip mill stops production until MarchNLMK Group has announced that it will spend € 150 million to modernize its hot strip mill at its Belgian subsidiary NLMK La Louvière, which is expected to increase its production capacity from 1.7 million tonnes to 2.2 million tonnes in 2022. it was clear that NLMK La Louviere focuses on the…
Pages
← previous
next →
