Metallurgy news
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Metinvest publishes its 2020 annual reportMetinvest, an international vertically integrated group of mining and metals companies (Metinvest or the Group), has published its 2020 annual report. The topic of the report is "Stronger Together". In 2020, as businesses around the world face new challenges from the COVID-19 pandemic, the Group…
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German steel production increasedAccording to statistics from the German Steel Federation (WV Stahl), crude steel production in Germany was around 26.6 million tonnes in the first eight months of this year, an increase of almost 17% over the same period last year. In August alone, steel production in this country reached 2.92…
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Steel Price Rises in China Amid Peak Carbon EmissionsThe Chinese government has imposed dual energy and intensity controls on energy-intensive industries such as steel and cement to meet its carbon peaks and carbon neutrality commitments. Many provinces have been forced to suspend production due to power outages, and steel and other industries are…
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POSCO Idle in Jiangsu Due to Electricity Restrictions in ChinaInfluenced by the latest Chinese government measures to limit capacity, the POSCO stainless steel plant located in Jiangsu, China, is forced to suspend production. The mill was supposed to resume production in early October. In fact, under national control of energy consumption and energy…
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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…
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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…
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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…
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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…
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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…
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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…
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