Metallurgy news
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Tata Steel workers in Holland suspend strikeEmployees at Tata Steel's Dutch plant in Ijmeiden have put a strike on hold after the company announced it was willing to negotiate. Union CNV said workers gave Tata two days to offer a proposal to meet their demands after the company invited unions to return to the negotiating table. CNV spokesman…
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Metalloinvest closes ECA financing deal with ING BankMetalloinvest announced the signing of an agreement with ING Bank to finance ECA in the amount of € 11.7 million. The agreement with ING Bank was concluded in accordance with the current framework agreement signed with twelve international banks in August 2019. The line of credit will be used to…
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Daily Crude Steel Output Increases at Key Chinese MillsSteel production in China maintained moderate growth in mid-June, en route to a new all-time high monthly production, as decent profit margins supported production growth. On Tuesday, the China Metallurgy Association (CISA) reported that crude steel production at its major plants in China averaged…
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British government project Birch to support Tata Steel UKThe Financial Times reported that an agreement to bail out Tata Steel UK should be negotiated with the government within a few days, which will help save around £ 8,000. the government project Birch. Chancellor Rishi Sunak sanctioned the project during the pandemic as a means of saving…
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ArcelorMittal USA CEO John Brett New Chairman of AISIThe Board of Directors of the American Iron and Steel Institute has formally elected President and CEO of ArcelorMittal USA, Mr. John Brett, as Chairman of the Board of AISI for 2020-2021. Brett has served as interim chairman since mid-March following the retirement of previous chairman Mr Roger…
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Liberty Steel plans to double production at Rotherham plant to 1 million tonnesLiberty Steel said it intends to increase production at its Rotherham plant in northern England, as well as cut carbon emissions. Expansion plans include the Liberty steel mill in Rotherham, which will begin producing rebar. It will seek to fill a gap in the UK rebar market, of which about half of…
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WorldSteel Association: steel production in May 2020 decreased by 8.7%World crude steel production for 64 countries that submitted reports to the World Steel Association (worldsteel) in May 2020 amounted to 148.8 million tons, which is 8.7% less than in May 2019. Due to the ongoing difficulties associated with the COVID-19 pandemic, many of this month's numbers are…
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U.S. Supreme Court rejects challenging steel import tariffsThe U.S. Supreme Court on June 22 refused to hear a Section 232 dispute on steel import tariffs filed by the American International Steel Institute, which alleges that tariffs imposed by the administration of President Donald Trump in March 2018 violate the U.S. constitution. Following the February…
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AISI: US steel production declines markedlyWeekly statistics released by the American Iron and Steel Institute (AISI) show a marked decline in steel production during the last week ending June 13, 2020. Weekly steel production was 1.210 million tonnes with a capacity utilization rate of 54.0%. This compares to production of 1.863 million…
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European Commission approves sale of Thyssenkrupp elevator divisionThyssenkrupp said the European Commission has approved the sale of the elevator division to a private equity consortium including Advent, Cinven and the German RAG foundation, paving the way for the closing of the deal. Thyssenkrupp said: "Under the contract with the buyers, it was agreed that the…
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