Metallurgy news
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Metinvest announces financial results for the first six months of 2021Metinvest B.V., the parent company of an international vertically integrated mining and metals group of companies (hereinafter “Metinvest” or “the Group”), today announced its unaudited consolidated interim financial results under IFRS for the six months ended June 30, 2021. This release also…
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Pakistan interested in selling Pakistan SteelThe Pakistani government has invited foreign and domestic investors to express interest in acquiring Pakistan Steel Mills (PSM). PSM established a 100% privately owned subsidiary, Steel Corp, to revive the closed smelter. The State Privatization Commission (PC), together with PSM (PSM), expects the…
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Cybersecurity Is Critical for Steel MillsCyberattacks are a daily occurrence, and attacks against technology-oriented industrial enterprises pose a threat to the steel sector as well. In the past, isolation of OT-Operational Technology networks ensured the security of the enterprise, but today, thanks to the innovations of Industry 4.0…
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How technology worksAt the Ingulets mining and processing plant of Metinvest Group, a new route of the ore cyclic-flow technology (CCT) complex was put into operation. This is one of the largest mining projects of the company over the past decade. Metinvest invested about $ 50 million in the construction of the…
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US crude steel production plummetsAccording to statistics from the American Iron and Steel Institute (AISI), for the week ending August 28, crude steel production in the United States was about 1.87 million tonnes, down 0.2% from the same period a week ago, and also an increase of 26 , 9% over the same period a year earlier. The…
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WorldSkills Ukraine blue-collar job competition starts in OctoberIn October this year, the qualifying stage of the All-Ukrainian competition of professional skills WorldSkills Ukraine 2022 for young professionals and schoolchildren will begin in Ukraine. Metinvest Group has been the general partner of the competition for the sixth year in a row. The competition…
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The ArcelorMittal Kryvyi Rih team expresses condolences on the death of a child in a summer campThe ArcelorMittal Kryvyi Rih team expresses condolences on the death of a child in the summer camp Yesterday, August 29, at about 21:00, during an evening performance at the Burevestnik children's camp, a 14-year-old girl fainted on stage ... The camp's medical workers immediately provided the girl…
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Growth in steel production in GermanyAccording to statistics from the German Steel Federation (WV Stahl), Germany produced about 3 million tonnes of crude steel in July 2021, down 11.7% on the previous month and up 24.7% on the same month. back. In the first seven months of 2021, Germany produced a total of about 23.6 million tonnes…
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Iron ore price rises amid signs of strong demand in ChinaIron ore prices rose on Wednesday amid signs of robust demand in China. Non-ferrous metal prices rebounded this week as Beijing's success in containing the massive COVID-19 outbreak has bolstered confidence in the outlook for demand. According to Fastmarkets MB, the 62% Fe benchmark imported into…
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US finished steel imports rise significantly in JulyAccording to the latest Steel Import Monitoring and Analysis (SIMA) data released by the US Department of Commerce, total steel imports totaled 17.729 million net tonnes in the first seven months of this year. This is significantly higher by 17.4% compared to imports for the corresponding period of…
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