Metallurgy news
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EU gives ArcelorMittal a loan to expand carbon reduction technologiesThe European Investment Bank, with the support of the European Commission, provided ArcelorMittal with a € 75 million loan to build two groundbreaking projects at ArcelorMittal Ghent in Belgium to significantly reduce carbon emissions by converting waste and by-products into value. new products to…
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AISI reports downturn in US steel productionUS domestic steel production data released by the American Iron and Steel Institute (AISI) over the past week suggests further declines in capacity utilization in the US. Compared to the same period last year, production this week decreased by more than 37%. Production for the corresponding week of…
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British Steel's new owner looks forward to UK government loansJingye, the new Chinese owner of British Steel, is seeking another £ 100 million in taxpayer support less than three months after completing the takeover of his bankrupt Scunthorpe-based group. Sky News has learned that the Jingye Group, which acquired the steelmaker in March, has asked the…
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Thyssenkrupp steel production cutThyssenkrupp expects steel production to contract until the summer, depending on how end-user markets develop, as well as the pandemic. Thyssenkrupp CFO Klaus Keisberg said: “Production cuts are likely to take place until the summer, depending on how the pandemic and demand develop further. The…
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EU steel production outstrips demandSteelmakers in the European Union should be careful when reopening capacity as the COVID-19 lockdown is eased as they risk creating a demand vacuum that will exacerbate downward pressure on prices, analysts and sources say. While factories continue to restrict production, they remain ahead of…
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Hyundai Steel has no plans to cut productionHyundai Steel Co. does not plan to further cut production, despite weak demand for steel due to the coronavirus pandemic, its chief said. Earlier this year, South Korea's second largest steelmaker revised annual production of hot rolled products from its electric arc furnace to 700,000 tonnes from…
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BlueScope hit by cyberattackBlueScope has confirmed that its IT systems have been affected by a cyber incident that disrupted some of the Company's departments. Plants in North Star, Asia and New Zealand are still virtually subject to minor disruptions. Manufacturing and trading operations in Australia suffered; some…
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ArcelorMittal staff in Liberia tests positive for coronavirusArcelorMittal Liberia has informed the public that one of its Buchanan employees has tested positive for the COVID19 coronavirus. This positive result occurs after a person after an illness had a negative test result 14 days ago on April 30, 2020. Although the previous test was negative, the worker…
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LED technology is revolutionizing 3D metal printingThe technology developed at the University of Graz uses LEDs instead of laser sources for the additive manufacturing of metal parts and optimizes 3D printing of metal in terms of lead time, metal powder consumption, equipment costs and post-processing effort. Developed at the Graz University of…
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POSCO donates remedies in IndonesiaAs part of its efforts to mitigate the impact of COVID-19, POSCO donated US $ 1 million in personal protective equipment and rapid test kits to Indonesia. POSCO distributed 32,000 Korean reusable masks to all employees and their families of PT Krakatau POSCO at Cilegon in Banten, as well as to its…
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