Metallurgy news
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EU HRC Price Remains UnchangedDue to the high price of scrap metal, some European steel mills held back and left their offer for hot rolled products (HRC) unchanged. Statistics showed that factories in Italy and Northwest Europe did not change their proposal for HRC this week. At the same time, the price of Turkish HRC was…
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Ylva workers' unions go on strike and protest in RomeUnions representing steel workers staged a massive protest in Rome as the Italian government continues negotiations to stop ArcelorMittal from agreeing to take over the former ILVA group. With thousands of jobs in mind, the country's three largest unions, CGIL, CISL and UIL, have proposed a 32-hour…
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Prospects for international cooperation of DneprospetsstalDneprospetsstal took part in one of the largest exhibitions for the production and processing of stainless steels. At the end of November, the Exhibition and Conference Center in Maastricht (Holland) hosted the Stainless Steel World - Expo & Conference, which was attended by leading manufacturers…
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Reduced demand for steel in ChinaThe entry into December means that the Chinese steel market has officially entered the off-season and steel demand from buyers is forecast to decline. At present, the weather in the northern region of China has become colder, so most of the construction sites decided to slow down their work, and…
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Demand for hot rolled steel products is growing in the EUAfter receiving a large number of orders for hot rolled products, several Turkish steel mills have already developed their production plans until March. Due to high market demand, it was hot, and some steel mills were now ready to raise prices for hot rolled steel. However, even though the price…
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Cleveland-Cliffs acquires AK SteelIn the United States, Cleveland-Cliffs and AK Steel Holding Corporation have announced a definitive merger agreement under which Cliffs will acquire all issued and outstanding shares of AK Steel's common stock. Lorenko Gonsalves, Chairman of the Board, President and CEO of Cliffs, will lead the…
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Nippon Steel continues to close blast furnacesJapanese steel giant Nippon Steel Corporation (NSC) has announced plans to close more blast furnaces in line with its strategic plan to reduce operating costs. Therefore, possible job cuts are expected due to the closure of the furnace. The company expressed concerns that its annual profit could be…
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US to officially act on tariffs against Brazilian and Argentine steelU.S. President Donald Trump's announcement that the U.S. will begin enforcing Section 232 tariffs on steel and aluminum imports from Brazil and Argentina has not been officially announced by the White House. Trump said the tariffs were to take effect immediately; however, for the president to…
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Negative prospects for Ukrainian metallurgyAccording to forecasts, in December 2019, pig iron production is expected in Ukraine at the level of 1.250 million tons; steel - 1.2 million tons; rolled metal - 1.1 million tons. Over the past few years, Ukrainian metallurgy has shown a downward trend in steel production. So, if in December 2016…
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Alacero Concerned About Mr Trump's Twitter MessagesLatin American Steel Association Alacero is surprised and worried by the decision of the President of the United States, Donald Trump, to restore import tariffs on steel and aluminum from Brazil and Argentina, arguing that these countries have led to massive devaluation of their currencies…
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