Metallurgy news
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MMK integrates Lysva Metallurgical Plant into its corporate information systemMMK Group has successfully completed the next stage of a large-scale project to transfer key Group organizations to a single corporate information system based on Oracle E-Business Suite. On July 1, 2020, MMK, together with Oracle, put into commercial operation the MMK-Lysva Metallurgical Plant…
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Metinvest will cooperate with BSTDBMetinvest announced that the Group is in the final stages of negotiations with the Black Sea Trade and Development Bank regarding a seven-year € 62 million credit line approved by the BSTDB Board of Directors. Metinvest plans to use the funds to implement the investment program and replenish…
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Coal imports are still vital to the German metallurgy industryThe production of electricity in Germany by burning coal has dropped significantly over the past couple of years. The government's resolve to move away from coal as an energy source no later than 2038 as part of a larger climate protection program will inevitably accelerate this trend. The country…
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The world's longest suspension bridge will connect Europe and AsiaThe Canakkale 1915 Bridge, slated to open in 2023, will first become a steel infrastructure spanning the Dardanelles, which separates the European and Asian continents. While the Turkish government is undertaking an ambitious infrastructure investment program, parts of the country are being…
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Naveena Group to Build Environmentally Friendly Plant at Qasim Port in KarachiThe Naveena Group, a conglomerate that focuses on wind energy and other business sectors, on Sunday announced the launch of Naveena Steel, its green steel plant located in the port of Qasim in Karachi. The group will showcase Pakistan's first induction heating system at its Italian plant, using…
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UK government grants emergency loan to Celsa SteelThe UK government has provided an emergency loan to Celsa Steel to enable the company to continue trading and provide over 1,000 jobs. As part of the loan, which is expected to be fully repaid, the company must meet a number of legally binding conditions. These include commitments to protect jobs…
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Zaporizhstal production results in June 2020In June 2020, Zaporizhstal produced 366.2 thousand tons of pig iron, 310.7 thousand tons of steel, 259.1 thousand tons of rolled metal. Compare June 2020 production to June 2019 The volume of pig iron production in June 2020 amounted to 366.2 thousand tons, which is 27.9% higher than in June 2019…
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Increased Chinese Incentive Threatens Latin American Steel SectorLatin American Steel Association Alacero said that while the novel coronavirus pandemic is dampening demand in global markets, Chinese exporters have increased their tax breaks by 1,464 products since March 20. The export commodity tax deduction rate for steel products such as wire rod rose from…
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Steel industry and trends in ferrous metallurgySteel producers and scrap processors around the world noted that the iron and steel and ferrous scrap markets are seeing a slow recovery amid uncertainty due to the impact of Covid-19. In general, in June there was a noticeable improvement in market conditions compared to April. According to them…
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India must increase per capita steel consumptionAccording to Steel Minister Dharmendra Pradhan, India has sufficient capacity to produce steel, but it still lags behind in consumption. “We have significantly increased our production capacity. However, there is huge growth potential in terms of increasing steel consumption per capita, which is…
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