Metallurgy news
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Severstal plans to increase steel exportsRussian steelmaker Severstal expects domestic demand to fall 5-7% in 2020 compared to 2019 as a result of the coronavirus outbreak, but says the increase in exports has allowed it to continue production to full capacity. Severstal CFO Alexey Kulichenko said: “The second quarter will be the most…
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Steel product sales through BUCE grew by 13% in January-May 2020BelTA reported that sales of metal products through the Belarusian Universal Commodity Exchange increased by 13%, including thanks to the supply of steel from the Belarusian Metallurgical Plant. Belarusian Universal Commodity Exchange (BUCE) Roman Yaniv said: “In January-May, 12,500 tons of ferrous…
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Ezz Steel reports lossesEzz Steel Company recorded a consolidated loss of EGP 7.9 billion in 2019, compared with a loss of EGP 1.02 billion in 2018, an increase of 674.5 percent. Its sales dropped to 45.71 billion EGP, down from 49.116 billion EGP in 2018. According to separate results, the company's profit in 2019…
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JSW Steel USA relaunches electric arc furnace and rolling mill in OhioJSW Steel USA is relaunching its electric arc furnace, or EAF, and hot rolling mill at Mingo Junction in Ohio during the week of June 15, after work was temporarily suspended in mid-April when the company completed planned capital projects, JSW Steel USA. Ohio COO Mike Panzeri said in a business…
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Severstal denies interest in Thyssenkrupp assetsReuters reported that Russian steel giant Severstal has no plans to participate in industry consolidation in Europe. This statement effectively narrows down the list of potential partners for Germany's Thyssenkrupp. Severstal CFO Alexei Kulichenko told Reuters: "Europe does not look like an…
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2 Thyssenkrupp managers will soon be jailed in ItalyTwo German managers who were convicted of a fire in December 2007 at the Thyssenkrupp steel mill in Turin that killed seven workers will soon be jailed. Former CEO Harald Espenhan, whose sentence was reduced on appeal to 9 years and 8 months, and Gerald Prignitz, whose sentence was reduced to 6…
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Workers' strike stops work at Tata Steel IJmuiden in HollandWorkers at Dutch Tata Steel went on strike Wednesday to protest planned job cuts. Mine preparation workers laid down their tools at 2:00 p.m. local time, forcing blast furnaces and other operations at the Ijmeiden ironworks to stop. FNV union spokesman Roel Berguis said: "They want, among other…
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MMK hits record for HRC production in MayAccording to the company, in May the Magnitogorsk Iron and Steel Works (MMK) reached a record level of hot rolled coil production. The volume was 534,174 tons at the 2000 hot rolling mill, which is the largest monthly production. The previous record was set in July 2018 with 527,955 tons. Hot…
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Slab prices continue to rise amid reduced supplySlab suppliers from the CIS exited the market this week, with only the Ukrainian supplier having raw materials for casting in August. In the absence of supplies from the CIS, the Turkish retailer has booked 20,000 tonnes of British-made slab at a price of US $ 375 per tonne franc by September…
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Unions ArcelorMittal Poland asks Prime Minister to interveneThe company is using the Covid-19 epidemic to achieve savings in employment costs and government subsidies, according to union activists. ArcelorMittal Poland is the largest steel producer in Poland - it collects about 70 percent of the production potential of the Polish metallurgy. At the end of…
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