Metallurgy news
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Trade threat prompts Gupta to spend more on European steel millsThe Liberty Steel CEO says he will focus on higher quality products. British tycoon Sanjeev Gupta Liberty Steel plans to tackle the threat of a trade war to his steel business by pumping money into European factories he recently bought from ArcelorMittal. According to CEO John Bolton, Liberty Steel…
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UK government seeks £ 250m for clean metallurgyThe UK Department of Business, Energy and Industrial Strategy (BEIS) has requested assistance for a planned £ 250 million net steel fund. According to BEIS, the fund "will support the UK steel sector to move towards zero decarbonization." The government is looking for opportunities to help it…
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Ukraine's position in the world ranking of metallurgical production for 7 months of 2019Steel Production According to Worldsteel, for 7 months of 2019, world steel production is 1,083,950 thousand tons, which is 4.57% more than in January-July 2018 (1,036,610 thousand tons). The leader here is also the People's Republic of China, melted 577.060 thousand tons, which is 9.01% more than…
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ArcelorMittal Uses Danieli Technology for Piracicaba PlantDanieli presents a unique opportunity for metal manufacturers to select Danieli as their preferred supplier for high flow products, including wear parts. The system allows customers to avoid costly procurement, use dilution of parts costs, and benefit from fast and continuous availability, ensuring…
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Africa's steel production plummetsSteel production in the African region fell more than 15% in July 2019, according to the latest data released by the World Steel Association. Crude steel production in July 2019 by African countries was 1.051 million tonnes. This compares to production of 1.238 million tonnes in July last year…
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Slowdown in Chinese production is holding back global economic growthGlobal crude steel production for 64 countries reporting to the World Steel Association increased 1.7% year on year in July to 156.7 million tonnes. Thus, growth slowed down from 4.6% in June and 5.4% in May. Despite a slowdown from double-digit growth, production in China continued to rise 5% in…
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ArcelorMittal Canada acquires Legault MétalArcelorMittal Long Products Canada announced today that it has acquired the assets of Legault Métal Inc, a metal processing company with operations in Treson, Val d'Or, Rouen Noranda and La Sarre, in Abitibi Temisking in Quebec, Canada. These properties, which will now operate under the name…
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China Steel Corp Raises Electrical Steel PricesChina Steel Corp (CSC) announced that it will maintain steel prices for most of its products for domestic supply in the fourth quarter and will moderately raise prices for two products to reflect improved market conditions. The company will increase the price of electrical sheets at NTD 255 per…
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Steel imports in the USA decreased by 11% in 7 monthsBased on preliminary indications, the American Iron and Steel Institute reported today that the US imported a total of 3,028,000 tonnes of steel in July 2019, including 1,843,000 tonnes of finished steel (up 48.3% and 6.6%. respectively, compared to Final data for June). In the first seven months…
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Steel consumption in India will grow more slowlySteel demand in India is set to grow at the slowest pace in three years as the recession deepens in the bright spot of global industry. Moody's Investors Service 'Icra Ltd said that steel consumption in India is likely to increase by less than 6% this fiscal year, the slowest rate after rising 3.1%…
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