Metallurgy news
-
Bayou Steel's laid-off workers sue ownersA group of former Bayou Steel employees are suing the former owners of the LaPlace plant, claiming they deliberately waived their employment contract without warning before closing the plant last year. Their lawsuit alleges that Black Diamond and owner Stephen Deckoff negotiated a new employment…
-
TMK announces first quarter resultsPJSC TMK, the world's leading manufacturer of tubular products for the oil and gas industry, announces interim consolidated financial results under IFRS for the three months ended March 31, 2020. TMK CEO Igor Korytko said: “In Q1 2020, the Group showed a weaker quarter compared to the same period…
-
China Accelerates Infrastructure Investment Supporting Steel DemandChina has accelerated its pace of approvals for new infrastructure projects in 2020, and more support is expected to be announced during the "two meetings" starting this week in Beijing, which will boost steel demand. China approved nine airport projects in January-April with a total investment of…
-
ArcelorMittal stops production in BosniaArcelorMittal suspended production at its Bosnian steel plant and the mines that supply it with iron ore for 10 days due to falling demand caused by the lockdown in response to the coronavirus pandemic, and sent 80% of its workers home. ArcelorMittal Zenica said that since the outbreak began, its…
-
EU gives ArcelorMittal a loan to expand carbon reduction technologiesThe European Investment Bank, with the support of the European Commission, provided ArcelorMittal with a € 75 million loan to build two groundbreaking projects at ArcelorMittal Ghent in Belgium to significantly reduce carbon emissions by converting waste and by-products into value. new products to…
-
AISI reports downturn in US steel productionUS domestic steel production data released by the American Iron and Steel Institute (AISI) over the past week suggests further declines in capacity utilization in the US. Compared to the same period last year, production this week decreased by more than 37%. Production for the corresponding week of…
-
British Steel's new owner looks forward to UK government loansJingye, the new Chinese owner of British Steel, is seeking another £ 100 million in taxpayer support less than three months after completing the takeover of his bankrupt Scunthorpe-based group. Sky News has learned that the Jingye Group, which acquired the steelmaker in March, has asked the…
-
Thyssenkrupp steel production cutThyssenkrupp expects steel production to contract until the summer, depending on how end-user markets develop, as well as the pandemic. Thyssenkrupp CFO Klaus Keisberg said: “Production cuts are likely to take place until the summer, depending on how the pandemic and demand develop further. The…
-
EU steel production outstrips demandSteelmakers in the European Union should be careful when reopening capacity as the COVID-19 lockdown is eased as they risk creating a demand vacuum that will exacerbate downward pressure on prices, analysts and sources say. While factories continue to restrict production, they remain ahead of…
-
Hyundai Steel has no plans to cut productionHyundai Steel Co. does not plan to further cut production, despite weak demand for steel due to the coronavirus pandemic, its chief said. Earlier this year, South Korea's second largest steelmaker revised annual production of hot rolled products from its electric arc furnace to 700,000 tonnes from…
Pages
← previous
next →
