Metallurgy news
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Metalloinvest launches ball rolling complex at OEMKMetalloinvest launched a rolling mill at OEMK. The ball rolling shop will produce about 43,000 tons of grinding balls for the needs of the Company's enterprises. The project also takes into account the possibility of manufacturing and shipping a new product to third-party customers. The…
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Steel shipments in the USA in August decreased by 23% y /yThe American Iron and Steel Institute reported that US steel mills shipped 6,532,652 net tonnes in August 2020, up 8.2 percent from the 6,035,596 tonnes shipped in the previous month, July 2020, and 22.9 percent less than 8 472 088 tons. tons shipped in August 2019. Shipments from the beginning of…
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Asian steel market hopes prices will rise as China returns from vacationThe rise in domestic steel futures and China's physical markets following the country's return on October 9 after a week-long national holiday has raised hopes in Asian market participants looking to reverse the direction of prices, despite the lack of evidence that these gains have driven regional…
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Blast furnaces will disappear from Europe along with minesWithin 25 years, blast furnaces will have to replace new technologies that are still in the research or pilot phase. In other words: the steel industry must be rebuilt from scratch over the next 25 years. Too little renewable energy throws us beyond the metallurgical future. Direct downsizing of…
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ArcelorMittal Poland permanently closes its raw materials department in KrakowArcelorMittal attributes this decision to the macroeconomic situation resulting from the pandemic. “Virtually all steel industries have limited their activities; some of them decided to temporarily close their factories. Macroeconomic data show that the likelihood of a quick recovery in steel…
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Exports of rolled metal products of South Korea in September grew by 7.7% y /ySouth Korea's exports rose 7.7 percent year-on-year in September for the first time in seven months. They rose 3.6% in February but fell for six months in a row due to COVID-19. Whether the recovery in Korean exports will continue in the fourth quarter remains unclear as uncertainties persist such…
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Huge investments in new ones are being made in steel projects despite Covid - 19The Southeast Asian Iron and Steel Institute (SEAISI) warned that large investments by regional steel producers in new steel projects could lead to a potential overcapacity situation. According to the association, there has been a significant increase in investment in converter steel mills in the…
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ICRA Finds First Signs of Revival in India's Steel SectorCredit Rating Agency ICRA Limited announced that it found the first signs of recovery in India's steel sector early in the second quarter of this fiscal year. Steel production and demand in the country have been heavily impacted by the outbreak of the coronavirus pandemic and the nationwide…
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German minister rules out nationalization of ThyssenkruppGermany is downgrading hopes for state aid to the ailing metallurgical enterprise of the unprofitable conglomerate Thyssenkrupp. German Economy Minister Peter Altmeier said: “I don't believe that nationalization is the right answer at the moment. Such a step will not solve the problems of the…
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Severstal supplies steel for the nuclear icebreakerPJSC Severstal has manufactured and supplied rolled metal products for the construction of the head nuclear icebreaker of Project 10510, LK-120Ya, code "Leader". The construction of the nuclear-powered ship began at the Zvezda shipyard in Bolshoy Kamen, which belongs to Rosneft. The ship will…
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