Metallurgy news
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Korean companies halt production lines in India due to coronavirusKorean companies operating in India have halted their local production lines in line with the Indian government's efforts to prevent the spread of COVID-19. “Following a decision by the Indian government, we will shut down Noida Plant, which makes smartphones, and Chennai Plant, which makes home…
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Yuzhny GOK reduced concentrate productionIn February 2020, the volume of iron ore concentrate production amounted to 930.2 thousand tons. This is 5.6% less than in February 2019. At the beginning of this year, the company produced 1,916.6 thousand tons of concentrate. This is 91.8% of the indicator for the same period last year. No…
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Steel sector affected by coronavirusLower demand for steel in China, the world's largest consumer, amid a slowdown in the domestic economy, poses challenges for the steel industry. The deadly virus has heavily impacted commodities, including steel, due to concerns about weak demand in China (read: 5 stocks of basic materials to buy…
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Tenaris will temporarily suspend production at US facilitiesTenaris has announced that it will cut its US workforce due to the sharp, sharp drop in oil prices and the subsequent decline in market activity. It reads: “Employees at Tenaris's Coppel and Ambridge, PA, have been informed that work at these two plants will be suspended from March 31, 2020. Work…
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ArcelorMittal Statement on Coronavirus OutbreakArcelorMittal announced that it takes the risks associated with the coronavirus outbreak very seriously and the safety and well-being of our employees is of the utmost importance. It reads: “In all global operations, we follow government and World Health Organization guidelines and guidelines to…
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Beltrame Group ceases operations in France due to COVID-19 coronavirusGiven the development of the Covid-19 epidemic, the priority of the LME-BELTRAME GROUP is to prevent harm to the health and well-being of its employees and their families. The statement read: “For this reason, and also because we must all face this situation and contain the spread of the virus, the…
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Thyssenkrupp may cut steel productionThyssenkrupp is considering cutting working hours as car companies cut or suspend production due to the coronavirus crisis. Thyssenkrupp board member Oliver Burkhard said: “We want to keep as many employees as possible, even if we are partially out of work. To do this, we will consider all options…
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Steel prices in China show signs of recoverySteel prices in China have recently shown signs of recovery, which strengthens the expectations of Korean steel companies for a normalization in prices. Hot rolled steel sheet prices in China rose from $ 451 per tonne on February 28 to $ 454 on March 6, according to industry sources on March 17…
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ArcelorMittal closes steel mills in ItalyLuxembourg-based ArcelorMittal has announced its decision to temporarily halt production at its facilities in Italy. The company has decided to close several businesses in the country due to the devastating coronavirus outbreak in the country, which has already claimed thousands of lives. According…
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ArcelorMittal Kryvyi Rih is preparing to start construction of a new dump "Stepnoy-2"ArcelorMittal Kryvyi Rih starts the preparatory phase of construction of the new Stepnoy-2 dump. This dump provides for the storage of oxidized ore, together with magnetite ore is mined in the quarry No. 3 of the enterprise. Stepnoy-2 will be located on the slopes of the top of the Dyakov gully…
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