Metallurgy news
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WorldSteel Association: steel production in May 2020 decreased by 8.7%World crude steel production for 64 countries that submitted reports to the World Steel Association (worldsteel) in May 2020 amounted to 148.8 million tons, which is 8.7% less than in May 2019. Due to the ongoing difficulties associated with the COVID-19 pandemic, many of this month's numbers are…
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U.S. Supreme Court rejects challenging steel import tariffsThe U.S. Supreme Court on June 22 refused to hear a Section 232 dispute on steel import tariffs filed by the American International Steel Institute, which alleges that tariffs imposed by the administration of President Donald Trump in March 2018 violate the U.S. constitution. Following the February…
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AISI: US steel production declines markedlyWeekly statistics released by the American Iron and Steel Institute (AISI) show a marked decline in steel production during the last week ending June 13, 2020. Weekly steel production was 1.210 million tonnes with a capacity utilization rate of 54.0%. This compares to production of 1.863 million…
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European Commission approves sale of Thyssenkrupp elevator divisionThyssenkrupp said the European Commission has approved the sale of the elevator division to a private equity consortium including Advent, Cinven and the German RAG foundation, paving the way for the closing of the deal. Thyssenkrupp said: "Under the contract with the buyers, it was agreed that the…
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AISI Welcomes US Infrastructure Bill AdoptionThomas J. Gibson, President and Chief Executive Officer of the American Iron and Steel Institute, in response to the Commission on Transportation and Infrastructure Law "INVEST in America" stated that “An efficient and reliable transportation network is essential to the competitiveness of the…
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UK steel industry needs supportOpposition MPs are urging the UK government to provide loans to steel companies facing a sudden drop in demand due to the coronavirus. Labor MP Stephen Kinnock said: “There can be no post-pandemic economic recovery without a strong and healthy steel industry. Nothing really can work in this country…
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Thyssenkrupp wins Steel Bee Delivery Drone Innovation AwardThe joint project of Innovation GmbH and Thyssenkrupp Steel Europe AG won the Federal Ministry of Economics' Research Award for Innovation. The award was presented by a five-member expert jury led by Thomas Jarzombek, Federal Government Commissioner for the Digital Economy and Startups. At…
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ArcelorMittal receives approval to purchase steel producer HSMThe Competition Tribunal has unconditionally approved a major merger that will result in ArcelorMittal SA acquiring the Highveld Structural Mill steel and rail business. According to the Tribunal, HSM, a subsidiary of Evraz Highveld Steel & Vanadium, is the only manufacturer of "heavy long steel…
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China promises to further cut outdated coal and steel capacitiesChina will continue to cut its aging coal and steel production capacity this year, the country's chief economic planner said Thursday. The country will push forward supply-side structural reform in the steel sector, accelerate reductions in excess capacity and encourage green and innovative…
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Trump Administration Prepares $ 1 Trillion Infrastructure StimulusThe Trump administration is preparing a $ 1 trillion infrastructure stimulus package targeting transportation projects as part of its quest to revitalize the world's largest economy. Sources said that "the MoT's preliminary version will reserve most of the funds for projects such as roads and…
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