Metallurgy news
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Thyssenkrupp may close steel sheet production lineThyssenkrupp said that given that the large-scale steel sheet segment did not receive bids from buyers during the competitive bidding process, the company is now considering closing this production line. The group is currently engaged in reform work. In fact, the possibility of ditching its…
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EU ends AD investigation on Indonesian stainless steelThe European Commission has ended its anti-dumping investigation on stainless steel imports from Indonesia, which is good news for Indonesian stainless steel producers. According to official EU statistics, the total export value of hot rolled stainless steel products from Indonesia to the EU in…
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Steel sheet price rises in the USAIn the United States, the current domestic flat steel price has increased by USD 33-34 per tonne compared to the previous week. Among them, market participants noted that the main reason for the upward trend in steel sheet prices in the United States may be associated with an increase in delivery…
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Italy to invest € 1bn in Ilva to keep ArcelorMittal from buyingTough negotiations between ArcelorMittal and the Italian government about the future of the Ilva smelter are drawing to a close. According to press reports, the government will add 1 billion euros and reduce the rate of investment in the development of production facilities. According to Italian…
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Tata Steel CEO Demands UK Government Financial AssistanceAccording to her boss, Tata Steel needs "substantial and ongoing" financial support to continue to operate in the UK as UK operations are "close" to self-sufficiency. This came after the former head of strategy at the company said that Tata "must find a way out" from its UK steel production. The UK…
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Thyssenkrupp cuts 11,000 steel jobsThyssenkrupp AG will cut nearly twice as many jobs as planned as the beleaguered conglomerate's steel business spends money and the German government disputes a possible bailout. The company said in a statement that the company will liquidate 11,000 jobs over the next few years. He projects a net…
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China's Nanjing Iron & Steel invests in a coke project in IndonesiaChina's Nanjing Iron & Steel Co Ltd said Wednesday it is investing in a coke plant in Indonesia to circumvent China's stricter environmental regulations and build new capacity closer to Australia's major coking coal exporter. The plant will have a capacity of 2.6 million tons per year, the company…
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South Korea's steel production to decline in 2020South Korea's total crude steel production in the first 9 months of this year was only 49.6 million tonnes, down 7.5% from a year earlier, according to a report from the Korea Iron and Steel Association. For the full year, South Korea's crude steel production could be between 67 and 68 million…
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Purchase order prices in China have risenAs a result of rising domestic demand in China, prices for raw materials and steel semi-finished products have recently increased. Although rebar prices are currently down, this still could not stop the rise in scrap. Based on market news, some Chinese buyers are even agreeing to buy high-priced…
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Abramovich will build a coke-chemical giantSteel concern Evraz wants to consolidate its coking coal assets in Russia. The company intends to become one of the world's leading suppliers of coal to the steel industry. The basis for the consolidation is the Raspadskaya mine (the largest in Russia), owned by the Yuzkuzbasugol concern. Evraz…
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