Metallurgy news
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JSPL Reaches New High in Q4 2019 Steel ProductionJindal Steel and Power Ltd (JSPL), one of the leading steel companies in India, posted an all-time high in crude steel production in the last quarter of last year, reaching 1.61 million tonnes, up 22% year on year. Total steel sales to JSPL in the same period were about 1.66 million tonnes, and…
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Vietnamese Hoa Phat will be exempt from US tariffsIn December 2019, the US Department of Commerce (USDOC) announced its final anti-dumping investigation decision on cold rolled and corrosion-resistant steel produced in Vietnam from raw materials from South Korea and Taiwan to impose a maximum tariff of 456% However, following the process of being…
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STS Steel will resume production after fire damageIn the US, a New Year's Eve fire dealt a financial blow to STS Steel. However, it was lucky that no one was hurt, and the plant tried to resume production. In this way, losses can be minimized. The painting rooms and offices were severely damaged by the fire. Consequently, some office staff will be…
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Decline in production in Europe slowed down in DecemberHaving reached a three-month high in November, the IHS Markit Eurozone Manufacturing PMI lost momentum in December. Following the publication of 46.3, up from 46.9 but slightly better than the previous Flash reading of 45.9, the PMI remained below the critical 50.0 for the eleventh straight month…
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Tata Steel warns of possible UK production closureAs Tata Steel's UK losses in 2019 increased to £ 371million, Tata Steel warned that the steel mill must become self-sustaining or close. Tata Sons chairman Natarajan Chandrasekaran told the Sunday Times that the company will not continue to subsidize a loss-making operation just to ensure its…
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Baowu Group may surpass ArcelorMittal as the largest steel producerChen Derong, chairman of the Chinese steel company Baowu, said in his New Year message that “China Baowu successfully reorganized the Maanshan Iron and Steel Group in 2019 to gain de facto control over Chongqing Iron and Steel. The group company will achieve 96 million tonnes of steel, and Baowu's…
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Indian government policy should boost steel demandWhile an increase in infrastructure construction and a gradual recovery in some downstream industries could boost steel demand in India, a recovery in demand growth will continue to depend on the financial position of the Indian government, and this will determine whether the Indian government can…
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Philippine Steel Mills Advocate Strict Steel Quality ControlPhilippine steelmakers have asked the Department of Commerce and Industry at the national level to take over control of mandatory products to strengthen the fight against substandard products. Roberto M Cola, President of the Philippines Iron and Steel Institute, said: “DTI must once again take…
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Baowu Steel aims to reach over 100 million tonnes of steel per yearBaowu Steel Group announced that it intends to acquire a controlling stake in Chongqing Iron and Steel Co Ltd, which will effectively push the company towards its annual production target of more than 100 million tonnes per annum. Chongqing Iron and Steel Co Ltd, a Shanghai-based company, said…
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To increase demand for steel, the Indonesian government plans to relocate the country's capitalIn accordance with government policy in Indonesia, it was decided to move the capital of the country from Jakarta to East Kalimantan. The policy should lead to a huge demand for metal products. Total demand in Indonesia is expected to reach 22.7 million tonnes by 2024, which is 50% higher than in…
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