Metallurgy news
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ArcelorMittal to sell its US steel assetsThe world's largest steelmaker, ArcelorMittal, has agreed to sell nearly all of its US integrated operations to Cleveland-Cliffs for $ 1.4 billion in cash and stock, both companies announced in separate communications on September 28. The deal will make Cleveland-Cliffs the largest producer of flat…
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Ukraine in the world ranking of metallurgical production for 8 months of 2020According to Worldsteel, during 8 months of 2020 steelmakers from all over the world smelted almost 912 million tons of pig iron, of which 857 million tons were produced by the blast furnace method and 54.96 million tons by the direct reduction method. These figures are 3.09% lower than in the same…
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Indian steel production drops more than 4% to 8.48 million tonnes in August - WorldsteelSteel production in India fell more than 4% to 8.478 million tons (MT) in August 2020, according to the World Steel Association (worldsteel). The latest report from the global industry organization said the country produced 8,869 metric tons of steel in the same month last year. However, as the…
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Exports of Vietnamese steel to China increased 19 timesVietnam's steel exports to China rose 19-fold to 2.07 million tonnes between January and August 2020, according to Vietnamese customs, amid rising demand in a recovering economy. This represented almost 35 percent of Vietnam's total steel exports during this period, and its value rose 15 times to $…
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Japan warns South Korea to seize Nippon Steel assets in that countryJapan's Chief Cabinet Secretary, Mr. Katsunobu Kato, has warned against liquidating assets owned by Japanese companies Nippon Steel and Sumitomo Metal Corp. in South Korea, where a court last year approved the seizure of company assets to compensate for forced labor during the war. The secretary…
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Outokumpu celebrates 90 years of duplex stainless steel productionOutokumpu celebrates 90 years of the world's debut of duplex stainless steel. The world leader in stainless steel is seizing the opportunity to highlight the growing role of duplex grades in sustainability. This is made possible by their excellent corrosion resistance and high strength. With this…
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Export trade in rolled metal improves in ChinaSteel export prices in China fell from September 14-18, the first drop since early May, as steel suppliers, especially traders, cut their supply when domestic demand fell, Mysteel's latest weekly survey showed. According to respondents, export trade increased after the price gap between Chinese…
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Greenhouse gas emission reduction plan for specific NLMK projectsRussian steel company NLMK Group says it intends to continue to reduce greenhouse gas (GHG) emissions through 2023, while increasing steel production. Its emissions target will be 1.91 tonnes of CO2 per tonne of steel, up from 1.98 tonnes in 2019 (a 3.5% decrease). NLMK's program to reduce…
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EU to stop blast furnace steel production by 2050Blast furnaces in Europe do not have a long-term future, according to expert Andreas Schneider of Stahlmarkt Consult, and very few, if any, are likely to remain in service by 2050, when the EU strives to achieve carbon neutrality. EU steelmakers are considering various ways to achieve carbon…
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ArcelorMittal Brazil to restart blast furnace at Tubarao Mill in OctoberIn mid-October, ArcelorMittal will restart blast furnace # 3 with a capacity of 2.8 million tonnes per year at the Tubarao plant, which has been idle since March due to the adverse economic scenario caused by the COVID-19 pandemic. The company said that “The reopening of the blast furnace is a…
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