Metallurgy news
-
Hyundai Steel: focus on investments in the second half of 2020Hyundai Steel posted an operating loss for the second quarter in a row. Believing that the impact of Covid-19 on profits will reach its worst level in the second quarter of 2020, the company is forecasting an 8.0% decline in sales in 2020. But the firm's stock should rebound after economic activity…
-
China's Baowu ousters long-reigning steel king ArcelorMittalAlthough China is the leading steel producer in the world, no Chinese steel producer has yet come out on top or ahead of ArcelorMittal. China Baowu Steel Group surpassed ArcelorMittal in crude steel production in 2019, according to public figures, ending its dominance in the European heavyweight…
-
British Steel will resume operations in Northern IrelandBritish Steel has announced the resumption of production at its plants in Skinningrove in the UK and Lisburn in Northern Ireland. British Steel CEO Ron Deehlen said: “Three weeks ago we suspended production at our Special Profiles facility in Skinningrove, laying off about 300 employees as we…
-
China's steel sector slows growth amid coronavirus outbreakChina's steel sector has been hit hard by the new coronavirus outbreak, with production slowing in the first quarter of this year and prices falling, but analysts expect a recovery in the second quarter as demand rebounds. Rolled steel production in the first quarter was 267 million tons, down 1.6…
-
US Steel will reduce steel production capacityAccording to various market sources, US Steel intends to further reduce blast furnace capacity in the Mont Valley area outside Pittsburgh amid low demand. At its Gary Works in Indiana, supplies are expected to be cut, she said. The steelmaker is expected to take Blast Furnace # 1 at Mon Valley…
-
Steel production in India decreased by 14%In March, crude steel production in the country fell by 14% to 8.65 million tonnes, according to a report by the World Steel Association. Since March 25, India has seen a nationwide lockdown affecting production, demand and supply of steel in the country. In the same month, a year ago, the country…
-
Liberty Steel Announces Temporary Production Suspension at Georgetown Steel PlantLiberty Steel has decided to temporarily halt production at its Georgetown steel mill for at least three months. This decision is attributed to the weak global economic conditions caused by the covid-19 pandemic. According to a company press release, the decision could affect nearly 130 employees…
-
World steel production in March fell by 6%Global crude steel production fell 6% to 147.1 million tonnes in March from a year earlier, data from the World Steel Association showed on Wednesday, as the coronavirus crisis forced steelmaking operations to close. However, crude steel production from China, the world's largest producer and…
-
Steel prices in the UK stabilizeThe UK government has announced an extension of the coronavirus restrictions for at least another three weeks. Manufacturing activity in the UK fell sharply in March as a result of government measures to slow the spread of the coronavirus. Several service centers continue to work with the reduced…
-
China's steel market will pick up steam in mid-year thanks to infrastructure incentivesChina's steel market is projected to see stronger demand growth by mid-year if expectations for realizing capital investment in infrastructure are increased to about 10% YoY in 2020 from 3.8% in 2019, sources said. Tuesday. The Chinese government said it plans to increase incentives in the…
Pages
← previous
next →
