Metallurgy news
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Hyundai Steel announces second quarter resultsSouth Korea's second-largest steelmaker Hyundai Steel Co announced Tuesday that it reported 4.11 trillion won in consolidated sales for the second quarter, up 26.2 percent year on year. The company reported an operating profit of 14 billion won, down 94% from the previous year, but up from 29.7…
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Worldsteel Lists Top Steel Producers For June This YearProduction of crude steel by the countries of the world represented by the World Steel Association (Worldsteel) fell significantly in June this year. Monthly production data show that the output of the 64 countries that submitted data to the association fell significantly, by almost 7%, compared to…
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ArcelorMittal Italy challengesAlessandro Banzato, President of the Italian steel federation Federacciai, said: “In Italy we have a peculiar situation with ArcelorMittal Italia, the largest Italian flat steel producer, which is currently operating at the lowest historical production rate. Thus, it will affect the total…
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India's steel production totaled 6.8 million tonnes in JuneThe steel sector in India began to show signs of improvement and in June the country's steel production totaled 6.8 million tonnes, according to the Steel Ministry. At 6.8 million tonnes, production was 17.7 percent higher than in May 2020, but year-on-year it was 27.2 percent lower than in June…
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Deutsche Bank ends coal mining operationsDeutsche Bank, in revising its fossil fuel policy, said it would end coal-mining business worldwide no later than 2025. The German lender also said that, with immediate effect, it will not finance new projects in the Arctic or oil projects. The new policy follows the announcement earlier this year…
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US Steel Imports Down 21% In JuneThe American Institute of Iron and Steel (AISI) today reported that the country imported a total of 1.391 million tonnes in June this year. Imports for the first six months of this year amounted to 12.387 million tons. The above figures are based on the most recent data published in the USA. Total…
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Ukraine in June increased steel production by 9%Despite the fact that 64 countries of the world produced 148.295 million tons of steel in June, which is 7% lower than in June 2019, Ukraine, following the results of the work of metallurgical enterprises in June 2020, increased steel production by 9% compared to the same period in 2019 - up to…
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Workers' Union Reports 21 COVID19 Deaths At ArcelorMittal Mexico PlantAt a steel plant owned by ArcelorMittal in the Mexican port city of Lazaro Cardenas, 21 workers have died from COVID-19. Carlos Solorio, general secretary of the National Mining and Metals Union, said: “There have been 21 deaths since April and workers are likely to have contracted the virus…
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Tata Steel Considers UK Nationalization PlanTata Steel has been submitting proposals to Whitehall in recent weeks to secure government funding of around £ 1bn in its UK operations. In turn, the Indian parent company will hand over to British taxpayers a stake of up to 50%, which would mean the semi-nationalization of Britain's largest…
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China became a net steel importer for the first time in 11 yearsChina became a net steel importer for the first time in 11 years in June, despite record daily steel production for the month. This indicates the extent of the Chinese-fueled economic recovery that has boosted domestic steel prices while other markets are still recovering from the impact of the…
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