Metallurgy news
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Rails from Poland will go to FinlandA new 25 km tram line will be built in Helsinki and Espoo. The rails will be supplied from the factories in Chorzów and D Гbrowa Gurnice. The 25 km long Jokeri Light Rail tram line will replace the main bus route 550, the busiest in the region. Of the 25 kilometers of the new tram line, 16…
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Arcelormittal SA benefits from higher steel pricesA global steel shortage, due to a sharper-than-expected recovery in almost all markets, pushed global steel prices to record levels since 2008, helping ArcelorMittal SA cut its losses. The voracious demand for steel in China returned almost immediately after breaking the restrictions regime in…
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India needs to expand steel production to meet growing demandAs demand for steel grows in the coming years, India will have to increase steel production. India aims to produce between 180 and 190 million tonnes per year by 2030. However, isolation from Covid-19 has sharply halted economic activity and slowed the growth of the steel industry due to weakening…
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Imports of steel products in Russia decreased in 2020According to the Customs of the Russian Federation, in 2020 Russia imported about 5.2 million tons of steel products, which is 27.6% less than in the previous year. In December, imports of ferrous metal products amounted to about 400,000 tons, compared with 330,000 tons in November. Also, imports…
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Vale invests in CO2-free steel productionThe funds will be used to acquire a minority stake in the company and promote the technology as part of the New Pact with Society initiative for zero-carbon mining. Boston Metal, an MIT subsidiary with early support from Bill Gates' Breakthrough Energy Ventures Foundation, is developing a molten…
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ArcelorMittal announces the sale of 40 million shares of Cleveland-CliffsArcelorMittal subsidiary based in Europe and the United States announced its decision to sell part of its shares to the American company Cleveland-Cliffs. ArcelorMittal North America Holdings LLC announced an agreement to sell 40 million of the company's common shares through a public offering of…
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Interpipe supplies pipes to the Middle EastThe Ukrainian company Interpipe completed the first deliveries of pipes for one of the largest oil companies in the Middle East Qatar Petroleum, Qatar Petroleum plans to use INTERPIPE pipe products in the fields of the Dukhan Field oil and gas basin. Qatar's National Petroleum Company specifies…
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Elon Musk Offers $ 100 Million for Best Carbon Capture InnovationTesla CEO Elon Musk is donating $ 100 million to the winner of the new four-year X Prize Foundation's global carbon dioxide removal (CDR) technology competition. The prize will be awarded to the best project plan to remove carbon dioxide directly from the atmosphere or oceans and store that carbon…
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In Germany, sentiment on rising steel prices easedGerman steel price expectations fell significantly in February from previous months, according to S&P Global Platts' monthly steel sentiment survey. In a survey of German manufacturers, distributors /traders and end buyers conducted in early February, the Steel Price Index stood at 65, indicating a…
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Economic recovery and weakening dollar boost steel demandHe estimates that the average steel price this year will be 15 percent higher than last year. Domestic demand and steel prices are expected to rise this year on the back of a global economic recovery. In addition, the expectation that the US dollar will continue to depreciate adds to the excitement…
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