Metallurgy news
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Zaporizhstal production results in June 2020In June 2020, Zaporizhstal produced 366.2 thousand tons of pig iron, 310.7 thousand tons of steel, 259.1 thousand tons of rolled metal. Compare June 2020 production to June 2019 The volume of pig iron production in June 2020 amounted to 366.2 thousand tons, which is 27.9% higher than in June 2019…
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Increased Chinese Incentive Threatens Latin American Steel SectorLatin American Steel Association Alacero said that while the novel coronavirus pandemic is dampening demand in global markets, Chinese exporters have increased their tax breaks by 1,464 products since March 20. The export commodity tax deduction rate for steel products such as wire rod rose from…
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Steel industry and trends in ferrous metallurgySteel producers and scrap processors around the world noted that the iron and steel and ferrous scrap markets are seeing a slow recovery amid uncertainty due to the impact of Covid-19. In general, in June there was a noticeable improvement in market conditions compared to April. According to them…
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India must increase per capita steel consumptionAccording to Steel Minister Dharmendra Pradhan, India has sufficient capacity to produce steel, but it still lags behind in consumption. “We have significantly increased our production capacity. However, there is huge growth potential in terms of increasing steel consumption per capita, which is…
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An unprecedented crisis in the steel industryArcelorMittal, one of the largest steel producers in the world, owns one of the steel mills in Spain. Unofficial information in the media indicates that the group may, due to high costs, stop producing steel there; instead, he would manufacture it in Brazil and ship it to Spain from there. It's…
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US steel groups look to USMCA agreementThe American steel industry hopes the entry into force of the agreement between the United States, Mexico and Canada will boost steel demand in North America, steel industry groups said on July 1, when the new trilateral trade agreement went into effect. “For US steelmakers, Canada and Mexico are…
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Voestalpine Railway Systems strengthens its market positionVoestalpine Railway Systems is the world leader in the market for complete rail infrastructure systems including rails, switches and digital signaling technologies. With the acquisition of a safe house in France and new stakes in China and Argentina, the Group is expanding its international…
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Hyundai Steel to increase supply of ultra-high steel to automakersHyundai Steel said it will accelerate the development of high-strength steel materials to reach the top position in the global automotive market. The company expects to obtain quality certifications from car manufacturers in Europe and China in order to increase its competitiveness around the…
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European Commission changes the quota system for steel imports in the EUThe European Commission has published the results of its second investigation looking at the security measures introduced by the European Union in relation to the import of steel products. The comprehensive package, which came into force on July 1, applies all available legal means to protect the…
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Tata Steel closes Jamadoba coal mine against COVID19 fearsTata Steel announced the temporary closure of its Jamadoba coal mine after a mine manager tested positive for Covid-19 on Thursday evening. Tata Steel spokesman Rajesh Thakur said: “Mining operations have been halted as a precautionary measure to stop the spread of the coronavirus and clean up at…
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