Metallurgy news
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British government intensifies talks with Tata Steel in UKThe British government's Treasury asked investment banker Credit Suisse to advise Tata Steel, which owns the giant Port Talbot plant in South Wales. The appointment of Credit Suisse, which bank sources say has agreed to operate on a volunteer basis, will put an end to speculation that talks between…
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Steel Prices Have Not Followed Patterns in the Covid-19 EraCompared to the recent rise in steel prices in China, the rise in domestic steel prices looks weak. While steel prices in China have risen, the link between steel prices in China and steel stock prices has weakened. In addition, product price increases in the main downstream industries are proving…
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Vietnamese steel imports in January-August 2020 reached 10 million tonsVietnam spent over $ 5.6 billion on imports of over 9.7 million tonnes of steel and pig iron in the first eight months of this year, down 13.2 percent in value and 0.9 percent in volume over the same period. last year. In August alone, the country imported 1.6 million tons of products worth US $…
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Böllinghaus Steel strengthens its presence in ItalyBollinghaus Steel, a steel bar manufacturer headquartered in Hilden, has strengthened its presence in the Italian market and opened a subsidiary in Milan. The company recently opened offices not only in Germany, Portugal and the USA, but also in Italy. With its own office, Böllinghaus Steel…
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US threatens China's largest chip makerThe Trump administration appears to be considering blacklisting China's largest chip maker. This will further exacerbate high-tech tensions between the United States and China. The Defense Department said it is consulting with other government agencies to take action against Semiconductor…
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IG Metall CEO opposes merger of Thyssenkrupp and SalzgitterIG Metall CEO Jörg Hofmann has spoken out against the merger with rival Salzgitter SZGG.DE, which Thyssenkrupp is seeking. “You cannot leverage a troubled corporation through mergers,” Hofmann said in an interview published Monday. He added that Thyssenkrupp was “a problem in itself” that also…
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Electric furnace overhaul completed at DneprospetsstalAfter reconstruction, the electric steel-making furnace No. 6 was put into operation at SPC-2 Specialists from SPC-2, ERTs, TsRMO, ORB, Purchasing and steelmaking departments took part in the work. In the course of the repair, all starting equipment, a short circuit, starters were replaced, an…
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Steel market in China predicts growth in demand in SeptemberDomestic steel demand in China will improve this month as mills maintain high production levels and traders actively fill their warehouses, according to Chinese steel market participants polled by Mysteel Global on September 3. September-October in China is always a busy season for steel…
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HRC deficit leads to further growth in slab prices in the CISExport prices for slabs in the CIS are growing on the back of an increase in hot-rolled steel and scrap. Demand from China, Southeast Asia and Turkey is pushing suppliers towards higher bids, while limited availability ensures that they make significant progress in reaching them in this round of…
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New ASEAN Steel Manufacturing FacilityThere are many new investments coming from China. One of the main reasons is the reform of the Chinese government's proposal. One of the areas of the supply reform initiative was to optimize iron and steel capacity, force the shutdown of inefficient facilities and consolidate state-owned…
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