Metallurgy news
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50 best steel companies in 2019World Steel in Figures has published a list of the 50 largest steel companies by crude steel volume, in million tonnes: Rank Company tonnage 1 ArcelorMittal (1) - 97.31 2 China Baowu Group (2) - 95.47 3 Nippon Steel Corporation (3) - 51.68 4 Group KhBIS (4) - 46.56 5 POSCO - 43.12 6 Shagang Group -…
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Texas Steel Conversion warns of layoffs amid oil crisisTexas Steel Conversion, which makes metal pipes and pipes for the oil industry, said it could begin laying off workers at six locations this month. Texas Steel Conversion wrote in a letter to the state: “Due to the COVID-19 pandemic and the current oil and gas market, all 491 employees in all…
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World Steel Association: Steel Demand Down 6.4%The World Steel Association (worldsteel) has published its short-term forecast (SRO) for 2020 and 2021. In 2020, worldsteel predicts that steel demand will decline by 6.4%, falling to 1,654 million tons due to the COVID-19 crisis. Steel demand is expected to rebound to 1,717 million tonnes in 2021…
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ArcelorMittal Poland Board terminated collective agreementThe Management Board of ArcelorMittal Poland has terminated the 10-year collective bargaining agreement of the Company, wishing to negotiate new rules with the unions within the next year. Trade union activists announce the protection of workers' rights and do not rule out the possibility of…
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POSCO: uses slag to create a marine ecosystemPOSCO launched the Ulleung Island Marine Forest Program to celebrate National Ocean Day (May 31). Earlier this month, POSCO installed 100 Tritons * and 750 Triton blocks underwater and created a 0.4-hectare marine forest on Ulleung Island. The Ministry of Oceans and Fisheries has recognized the…
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Worldsteel announces 2019 Sustainable Steel ChampionsThe World Steel Association has recognized 9 sustainability champions for their performance in 2019. The 2019 Steel Sustainability Champions are: ArcelorMittal BlueScope Steel Limited China Steel Corporation JSW Steel Limited Nippon Steel Corporation Tata Steel Europe Tata Steel Limited Tenaris…
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Brazilian Steelworkers Seek Government Support Against US TariffsBrazilian steel companies are asking President Jair Bolsonaro to push for lower US steel and aluminum tariffs. Valor Econômico quoted Marco Polo de Mello López, head of the IABr steel association, as saying: “Export is the main alternative for the sector. We have asked the government to negotiate…
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Hyundai Steel stops production at Dangjin plantSouth Korean steelmaker Hyundai Steel has suspended production of its electric arc plant on the west coast of South Korea due to weak demand. The company said that some operations have been halted starting this week at the Danjin Iron and Steel Works, 123 kilometers south of Seoul. The company said…
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In China, consumption of ferrous scrap outpaced growth in steel productionThe higher emission standards set by the Chinese steel industry have increased the consumption of scrap metal at BOF plants. China's consumption of ferrous scrap has outpaced the country's steel production growth during 2019, according to the latest statistics released by the Bureau of…
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Reduced production in developed countriesChina, India and developing countries in Southeast Asia such as Vietnam, Indonesia and the Philippines continue to have a huge growth profile that will drive steel demand for a long time from infrastructure and real estate development. For developed countries, the picture is less rosy. Except for…
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