Metallurgy news
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Huge investments in new ones are being made in steel projects despite Covid - 19The Southeast Asian Iron and Steel Institute (SEAISI) warned that large investments by regional steel producers in new steel projects could lead to a potential overcapacity situation. According to the association, there has been a significant increase in investment in converter steel mills in the…
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ICRA Finds First Signs of Revival in India's Steel SectorCredit Rating Agency ICRA Limited announced that it found the first signs of recovery in India's steel sector early in the second quarter of this fiscal year. Steel production and demand in the country have been heavily impacted by the outbreak of the coronavirus pandemic and the nationwide…
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German minister rules out nationalization of ThyssenkruppGermany is downgrading hopes for state aid to the ailing metallurgical enterprise of the unprofitable conglomerate Thyssenkrupp. German Economy Minister Peter Altmeier said: “I don't believe that nationalization is the right answer at the moment. Such a step will not solve the problems of the…
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Severstal supplies steel for the nuclear icebreakerPJSC Severstal has manufactured and supplied rolled metal products for the construction of the head nuclear icebreaker of Project 10510, LK-120Ya, code "Leader". The construction of the nuclear-powered ship began at the Zvezda shipyard in Bolshoy Kamen, which belongs to Rosneft. The ship will…
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Steel prices rise for the fourth month in a rowThe rise in prices this month is the fourth consecutive monthly increase as domestic demand from the largest steel producers shows clear signs of recovery. However, concerns remain over the steady rise in Covid cases following the government's gradual unblocking of economic activity. The recovery…
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Steel production in France fell in August compared to the previous yearAccording to statistics from the French Steel Federation (FFA), crude steel production in France in August was about 720,000 tons, down 31.1% from 1.05 million tons in the same month a year earlier. In the first eight months of this year, crude steel production in France was down 27.5% from the…
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Steel product exports from Japan fell in AugustAccording to statistics, Japan exported about 2.6 million tons of steel products in August, an increase of 3.9% over the previous month and a decrease of 14.4% over the same period last year. Due to the COVID-19 pandemic, international demand has plummeted. Exports rebounded somewhat last month…
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New capacity improves resilience of the US steel industryRecent consolidation and new capacity in the US steel industry is spurring a faster transition to cleaner steelmaking technologies, steel executives said in a September 30 discussion at City Hall. Mark Millett, CEO of Steel Dynamics Inc. At an event hosted by the Association for Iron and Steel…
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India's Manufacturing Sector Growth Accelerates In SeptemberIn August, growth in India's manufacturing sector accelerated in September. The PMI reached its highest level since January 2012, helped by accelerated growth in new orders and production. At the same time, there was a resumption of growth in export sales and inventories, and an increase in…
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MMC of Ukraine reduced production indicators for 9 months of 2020During 9 months of 2020, the mining and metallurgical enterprises of Ukraine produced: -15.25 million tons of pig iron, which is 1.5% less compared to the same period in 2019, -15.39 million tonnes of steel tonnes, down 6.2% -13.79 million tons of rolled metal, which is 2.2% lower than last year.
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