Metallurgy news
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S&P raised Metinvest's credit rating to 'B +', one notch higher than Ukraine's sovereign ratingMetinvest BV, the parent company of an international vertically integrated mining and metals group of companies (hereinafter - "Metinvest" or "Group"), informs that the credit rating agency S&P Global Ratings (hereinafter - "S&P" or "Agency") has increased the long-term the credit rating of…
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CherMK improves the quality of sheet productsIn the metal finishing workshop No. 1 of the Cherepovets Metallurgical Combine (an enterprise of the Severstal Russian Steel division), new equipment was put into operation - a sheet shot blasting unit. The launch of the unit will improve the surface quality of high-strength and heavy-plate…
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thyssenkrupp expands bearing production in ChinaAt the groundbreaking ceremony, thyssenkrupp rothe erde approved the expansion of the Xuzhou, China plant. “With the fourth production line of our Chinese company thyssenkrupp rothe erde Ring Mill Co. Ltd. we are responding to the growing demand for rings and slewing bearings in China and around…
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Nippon Steel Sues Chinese Steel Company For Patent InfringementNippon Steel Corp. said on Thursday it had filed lawsuits against Chinese steelmaker Baoshan Iron & Steel Co. and Toyota Motor Corp., alleging a patent infringement for a manufacturing technology associated with a key device for electric vehicles in a rare legal battle between a Japanese…
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Steel production in Kazakhstan for three quarters increased by 17.7%During September 2021, Kazakhstan smelted 411 109 tons of crude steel (a month earlier - 372 869 tons). Production growth on an annualized basis - 16.3%. For 9 months, the indicators increased by 17.7% to 3,380,160 tons, according to the Bureau of National Statistics of the Agency for Strategic…
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Steel production in Ukraine increased in January-SeptemberAccording to the statistics of the Association of Ukrainian Metallurgists, in the first nine months of this year, Ukraine produced a total of about 16.3 million tons of steel, which is 6.3% more than in the same period last year. During the reporting period, the volume of pig iron production in…
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Growth in global steel demand in 2021 reduced due to ChinaThe World Steel Association (worldsteel) today released an updated version of its short-term forecast (SRO) for 2021 and 2022. Worldsteel predicts that steel demand will grow by 4.5% in 2021 to reach 1,855.4 million tonnes after rising 0.1% in 2020. Steel demand will rise 2.2% in 2022 to 1,896.4…
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BHP and Posco investigate the process of decarbonization of steelBritish Australian resource company BHP is investing up to $ 10 million over the next five years to develop technology to reduce greenhouse gas emissions from steel production in partnership with South Korean steelmaker Posco. The two companies have agreed on an initial pilot and factory test deal…
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Steel exports from China fell to 2021 low in SeptemberSteel exports from China slowed in September to their lowest level since December 2020 due to the country's export control policies, as well as weaker demand in Southeast Asia due to the Covid-19 lockdown. Most of the steel export shipments in September were spot orders received in July and early…
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Ukraine has increased the production of steel pipes in 9 monthsIn January-September 2021, Ukrainian metallurgists smelted 16.294 million tons of steel. Annual production growth reached 6.3%. Production of finished metal products in the first three quarters of 2021 amounted to 14.485 million tons, which is 5.6% more than the output of the same period in 2020…
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