Metallurgy news
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US Steel posts net loss in Q2 2020 reportThe Pittsburgh-headquartered United Steel Corporation (US Steel) reported a net loss of $ 589 million, or $ 3.36 per share, during the second quarter of 2020. Adjusted net loss was $ 469 million, or $ 2.67 per share. This is compared to the second quarter of 2019, net income of $ 68 million, or $…
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Global stainless steel production hits 4-year lowGlobal stainless steel production is projected to reach 47.2 million tonnes per year in 2020. After four years of continuous growth, this would represent a drop of nearly 10 percent from last year. The slowdown is mainly due to the Covid-19 pandemic and measures taken by authorities around the…
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Reconstruction of the sinter plant is nearing completion at the Illichivsk Metallurgical CombineIlyich Iron and Steel Works in Mariupol is close to completing one of the largest environmental projects in the history of independent Ukraine - the reconstruction of an agglomeration plant. Italian specialists arrived on site to install the software and conduct cold and hot tests of the dust…
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Steel production in Europe decreased by 19% in the first half of 2020The top three steel producing countries in the region include Germany, Italy and France. European crude steel production reported a significant decline in June this year, which is largely in line with the drop in global steel production. According to the World Steel Association (worldsteel), during…
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Steel production in Asia declines significantly in the first half of the yearAll countries in the region, except China and Vietnam, recorded a decline in production. Crude steel production in the Asian countries represented by the World Steel Association (worldsteel) fell slightly this June by 2.3% compared to the same month a year earlier. The monthly production data shows…
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NLMK confirms compliance with standardsNLMK Group, which claims to be the largest steel producer in Russia and one of the most efficient in the world, has completed a subsequent audit of its management systems in the areas of environmental protection, occupational health and safety, and energy efficiency. In the face of the COVID-19…
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Hyundai Steel announces second quarter resultsSouth Korea's second-largest steelmaker Hyundai Steel Co announced Tuesday that it reported 4.11 trillion won in consolidated sales for the second quarter, up 26.2 percent year on year. The company reported an operating profit of 14 billion won, down 94% from the previous year, but up from 29.7…
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Worldsteel Lists Top Steel Producers For June This YearProduction of crude steel by the countries of the world represented by the World Steel Association (Worldsteel) fell significantly in June this year. Monthly production data show that the output of the 64 countries that submitted data to the association fell significantly, by almost 7%, compared to…
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ArcelorMittal Italy challengesAlessandro Banzato, President of the Italian steel federation Federacciai, said: “In Italy we have a peculiar situation with ArcelorMittal Italia, the largest Italian flat steel producer, which is currently operating at the lowest historical production rate. Thus, it will affect the total…
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India's steel production totaled 6.8 million tonnes in JuneThe steel sector in India began to show signs of improvement and in June the country's steel production totaled 6.8 million tonnes, according to the Steel Ministry. At 6.8 million tonnes, production was 17.7 percent higher than in May 2020, but year-on-year it was 27.2 percent lower than in June…
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