Metallurgy news
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AISI Welcomes US Infrastructure Bill AdoptionThomas J. Gibson, President and Chief Executive Officer of the American Iron and Steel Institute, in response to the Commission on Transportation and Infrastructure Law "INVEST in America" stated that “An efficient and reliable transportation network is essential to the competitiveness of the…
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UK steel industry needs supportOpposition MPs are urging the UK government to provide loans to steel companies facing a sudden drop in demand due to the coronavirus. Labor MP Stephen Kinnock said: “There can be no post-pandemic economic recovery without a strong and healthy steel industry. Nothing really can work in this country…
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Thyssenkrupp wins Steel Bee Delivery Drone Innovation AwardThe joint project of Innovation GmbH and Thyssenkrupp Steel Europe AG won the Federal Ministry of Economics' Research Award for Innovation. The award was presented by a five-member expert jury led by Thomas Jarzombek, Federal Government Commissioner for the Digital Economy and Startups. At…
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ArcelorMittal receives approval to purchase steel producer HSMThe Competition Tribunal has unconditionally approved a major merger that will result in ArcelorMittal SA acquiring the Highveld Structural Mill steel and rail business. According to the Tribunal, HSM, a subsidiary of Evraz Highveld Steel & Vanadium, is the only manufacturer of "heavy long steel…
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China promises to further cut outdated coal and steel capacitiesChina will continue to cut its aging coal and steel production capacity this year, the country's chief economic planner said Thursday. The country will push forward supply-side structural reform in the steel sector, accelerate reductions in excess capacity and encourage green and innovative…
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Trump Administration Prepares $ 1 Trillion Infrastructure StimulusThe Trump administration is preparing a $ 1 trillion infrastructure stimulus package targeting transportation projects as part of its quest to revitalize the world's largest economy. Sources said that "the MoT's preliminary version will reserve most of the funds for projects such as roads and…
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US Steel expects weak results in Q2 2020United States Steel Corporation has provided guidance for the second quarter of 2020 and an update on its latest liquidity requirements for the rest of the year. Adjusted EBITDA in the second quarter of 2020 is expected to be approximately (US $ 315), which excludes approximately US $ 100 million…
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Raw steel production in Japan to drop significantly in 2020Steel production in Japan is expected to be about 35 million tons between April and September and less than 80 million tons in the current fiscal year until the end of March, said the new head of the steel industry group. “This is my personal opinion, but I still expect Japan's crude steel…
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Dubai customs confiscate fake pipesLocal media reported that Dubai Customs, after receiving a warning that four containers on board were carrying counterfeit oil and gas pipes, managed to thwart an attempt to smuggle 58 fake Vallourec oil and gas pipes into the country. The containers were tracked and recovered after a thorough…
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Metinvest Severny GOK modernizes equipmentThe Northern Iron Ore Beneficiation Plant of Metinvest Group is modernizing induction machines in workshop No. 1 for the production of pellets. The company has allocated 270 million UAH for the renovation of production equipment. The modernization of the LURGI 278A and OK 306 induction machines is…
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