Metallurgy news
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Prices for sheet metal continueThe growth of the global sheet metal market continues. The main sources of price increases continue to be the United States and the European Union, where base quotations for hot-rolled steel exceeded $ 1,450 and 800 euros per tonne EXW, respectively. But in other regions, the cost of steel products…
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British Steel announces investment in manufacturing technologyThe investment will go towards the installation of a new casting machine, a scrap preheater and a new environmental control system. British Steel has announced a £ 100 million investment this year to improve its operational and environmental performance. The proposed investment will support the…
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ArcelorMittal Polish Low Carbon PlantsArcelorMittal Launches XCarb Initiatives to Support the Drive for Low Carbon Steel Manufacturing. Green certifications, low-carbon scrap steel and a carbon-free technology development fund will be respected. Poland has a role to play in this activity - Polish factories are beginning to test the use…
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EU steel deficit will persist throughout 2021EU steel market participants say import volumes are already at “historic lows” and that expanding safeguards is pointless as European steel mills are unable to meet demand. “Imports of any kind of steel have never been so low. Over the past two years, imports have steadily decreased, ”he said. one…
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DMK production results in FebruaryDniprovsky Steel Works in February 2021 reduced the volume of production of commercial metal products by 192,813 tons, informs the economic planning department of the plant. Last month, the target was fulfilled only in the rolling shop. Agglomeration, blast-furnace and converter production worked…
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MMK strengthens its position in the Uzbek marketIn 2020, MMK supplied 415.6 thousand tons of metal products to the Republic of Uzbekistan, which is slightly less than the same indicator in 2019. The share of this largest Central Asian country amounted to 82% in the total volume of shipments to the countries of Central Asia, and 35% in the volume…
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Metinvest acquires shares of ShSMU-1 and UkrbudThe parent company of the international vertically integrated mining and metallurgical group Metinvest is Metinvest B.V. (Netherlands), acquires shares of PJSC "Shakhtostroymontazhnoe management No. 1" (ShSMU-1, Lysovka village, Pokrovsky district, Donetsk region) and PJSC "Avtopredpriyatie (AP)"…
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Severstal to increase production of rolled metal products for the automotive industrySeverstal has implemented an innovative laser butt-welding machine at the continuous hot-dip galvanizing unit (ANGTs) in the rolling mill of the Cherepovets Steel Works. The installation allows welding of metal strips without exceeding the thickness of the strip in the joint zone while ensuring…
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Several steel producers are interested in NINLTata Steel, ArcelorMittal Nippon Steel India and ESL Steel from Vedanta may participate in a strategic divestiture from Neelachal Ispat Nigam Ltd. On January 8, the Cabinet of Ministers Committee on Economic Affairs made a decision in principle to withdraw the 93.71% stake in NINL. strategic buyer…
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UK government develops plans to rescue Liberty SteelThe British government is considering intervening and using public funds to sustain production, akin to the support provided by British Steel in 2019. In May 2019, British Steel was forcibly liquidated and transferred to the Official Beneficiary, an employee of the government agency, the Bankruptcy…
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