Metallurgy news
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Posco discusses coping strategies after COVID-19The Korea Herald reported that Posco opened its two-day Posco 2020 forum on Wednesday to diagnose the rapidly changing business environment and assess the group's future business strategies. The live-streamed forum was organized with a limited number of personal participants, including presidents…
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Export sales of pig iron from CIS countries are growingExport sales of pig iron from the CIS countries picked up last week, orders came from all traditional destinations, including the United States, where negotiations had taken place a week earlier. The Ukrainian supplier has sold a total of 120,000 tonnes to US buyers, with one small batch to be…
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OMK to build a complex for the production of steel in an electric arc furnace based on DRI pelletsRussian manufacturer of steel pipes and railroad wheels OMK will build a steel pellet mill - Russia's first iron ore complex and steelmaking facility to be installed at a single site, with a 70% reduction in CO2 emissions compared to traditional oxygen fuel. oven. The complex, which is expected to…
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Thyssenkrupp presents an innovative green steel conceptThyssenkrupp CEO Martina Merz presented the concept for the first direct reduction blast furnace 2.0 unit with an integrated smelter at the Duisburg site. The currently unique concept of this type has several advantages. It is largely based on the existing structures of Europe's largest steel…
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Trump cuts Brazilian section 232 steel import quotaUS President Donald Trump, citing the protection of the US domestic steel industry, has lowered the restriction on acceptable steel supplies from Brazil. In a proclamation released late Friday night, Trump amended a previous ruling under Section 232 of the Homeland Security Authority to lower the…
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Steel prices in China may rise in SeptemberBoth fundamentals and market sentiment will support steel prices in China in general and rebar in particular in September, while coke and scrap prices may remain on an upward trend, while iron ore prices may fall from highs said Wang Jianhua, chief analyst at Mysteel, his short-term forecast for…
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EVRAZ will save $ 12 million on new projects based on advanced analyticsEVRAZ plc has started pilot operation of smart advisor systems at six production sites. They were developed as part of the comprehensive Advanced Analytics program, implemented in conjunction with The Boston Consulting Group. The program is expected to generate $ 12 million in savings annually…
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NLMK La Louvière continues to modernize its hot rolling millNLMK La Louvière in Belgium has begun the pre-assembly of three new finishing stands for the modernization of its hot rolling mill, which will allow the company to expand production of thinner, stronger and more environmentally friendly steel for customers in the EU. Pre-assembly will last until…
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Indian steel mills in September will increaseIndian steel companies will raise prices from September onward on higher costs and higher world prices. A Business Standard report citing JSW Steel's director of marketing, commerce and corporate strategy says that “the difference between domestic and international prices is currently around 8…
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China's steel mills rise another 2.1%Inventories of five major finished steel products at 184 Chinese steel companies weekly hosted by Mysteel continued to rise during August 20-26 due to slowing end-user demand, with tonnage increasing another 2.1% in the third week. week before According to the weekly research Mysteel, about 7…
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