Metallurgy news
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Ukrainian DMK announces full operation of 3 blast furnacesDneprovsky Metallurgical Plant (DMK), one of the Ukrainian producers and exporters of billets, announced that blast furnace No. 12 would be restarted. Due to a sharp drop in prices and a decrease in demand for steel products, the operation of blast furnace No. 12 was suspended in September 2019…
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UK Steel urges government not to delay HS2 rail projectBritish steel companies have called on the government to complete HS2 to stimulate the emerging sector. UK Steel CEO Gareth Stays told The Telegraph that the project should take place to stimulate the steel industry. He said: “The Prime Minister spoke frequently during the election campaign about…
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Currency rose sharply on the interbank market in UkraineOn the interbank currency market of Ukraine, the dollar quotes rose sharply. According to the website Finance.ua, as of 12:45 pm, the quotes amounted to 23 hryvnia, 73-76 kopecks per unit of the American currency. The National Bank of Ukraine reflected this growth only partially, setting at noon…
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Philippine steelmakers unveil alternative technologiesThe Philippine Induction Smelting Industry Association (PISIA) has presented the Induction Furnace (IF) technology for steel making to the Ministry of Trade and Industry (DTI) in Makati City. The presentation highlighted the benefits of using IF for steelmaking in terms of equipment performance…
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South Korean Steel Makers Improve Operational EfficiencySouth Korean steelmakers have embarked on a reorganization to boost productivity amid a protracted recession. Posco, a leading steel producer in the country, will create a team to support cooperation in all business areas - from new product development to production and sales /marketing. In…
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Ukrainian Metinvest continues to reduce pig iron production by 2020Ukrainian steel group Metinvest has planned to continuously reduce pig iron production and increase production of slabs and steel in 2020. The goal was to reduce pig iron production to 200,000 tonnes by 2020. From January to September of this year, Metinvest's pig iron supplies amounted to 1.4…
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US Uses 80.2% of 2019 Steel Capacity - AISIThe American Iron and Steel Institute announced that for the week ended December 21, 2019, domestic steel production was 1,866,000 tonnes, while capacity utilization was 80.7%. For the week ended December 21, 2018, production stood at 1,861,000 tonnes, while capacity utilization was 79.4 percent…
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Explosions at Posco's Gwangyang plantKorean media reported that five people were injured in the explosions at Posco's steel mill in Gwangyang. POSCO said: “An explosion and fire occurred during the test of the waste heat generator. The ensuing fire was stopped after 21 minutes. Among the five wounded was one with serious injuries, who…
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China's stainless steel production could reach 30 million tons in 2019According to official statistics from China, total stainless steel production in China this year could reach 30 million tons, an increase of 12.36% year on year. Moreover, domestic demand for stainless steel this year will be about 25 million tons, an increase of 15.15%. Although the global…
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Record development budget adopted in MariupolAt the XLVIII session of the city council, the deputies voted for the "Program of economic and social development of Mariupol for 2020", which provides for the development budget for the next year at the level of UAH 1 billion 200 million. The expected budget, upon receipt of subventions from the…
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