Metallurgy news
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BlueScope hit by cyberattackBlueScope has confirmed that its IT systems have been affected by a cyber incident that disrupted some of the Company's departments. Plants in North Star, Asia and New Zealand are still virtually subject to minor disruptions. Manufacturing and trading operations in Australia suffered; some…
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ArcelorMittal staff in Liberia tests positive for coronavirusArcelorMittal Liberia has informed the public that one of its Buchanan employees has tested positive for the COVID19 coronavirus. This positive result occurs after a person after an illness had a negative test result 14 days ago on April 30, 2020. Although the previous test was negative, the worker…
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LED technology is revolutionizing 3D metal printingThe technology developed at the University of Graz uses LEDs instead of laser sources for the additive manufacturing of metal parts and optimizes 3D printing of metal in terms of lead time, metal powder consumption, equipment costs and post-processing effort. Developed at the Graz University of…
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POSCO donates remedies in IndonesiaAs part of its efforts to mitigate the impact of COVID-19, POSCO donated US $ 1 million in personal protective equipment and rapid test kits to Indonesia. POSCO distributed 32,000 Korean reusable masks to all employees and their families of PT Krakatau POSCO at Cilegon in Banten, as well as to its…
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China's steel production is boosted by government incentivesChina's iron and steel sector has already benefited from the country's rapid recovery from the Covid-19 outbreak and the restart of metal-intensive industries, while production and prices have declined in most other regions. Shanghai rebar prices are up 50 yuan /t ($ 7 /t) to yen 3,490, while HRC…
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S&P gives negative outlook for ArcelorMittalS&P Global Ratings affirmed its BBB credit rating for the world's largest steelmaker ArcelorMittal with a negative outlook amid continued pressure from weak market conditions. However, the rating agency said that the growth in demand for steel is already behind. "Manufacturing in Europe and the US…
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POSCO decides to cut production for the first time in 12 yearsPOSCO decided to make its first production cut in 12 years since 2008. Even major steelmakers at home and abroad, such as ArcellorMittal and Hyundai Steel, cut production, but POSCO did not. However, the decline in demand due to the economic downturn eventually forced the steelmaker to revise…
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A green revolution in the Australian steel industryAustralia can benefit from an abundance of cheap wind and solar power to stem decades of recession in its steel industry. By leveraging the nation's iron ore resources and using hydrogen generated from renewable energy, Australia could capture about 6.5% of the global steel market, generate $ 43…
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China's steel exports and imports in April 2020China's steel exports stood at 6.32 million tons in April 2020, according to the latest statistics from the General Administration of Customs, practically unchanged from 6.33 million tons shipped in April 2019. In January-April 2020, China exported 20.60 million tons of finished steel, down 11.7…
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NLMK begins modernization process at a Belgian plantNLMK La Louvière, a leading flat steel producer in Belgium and part of the Russian NLMK group, received the first major equipment to modernize a hot strip mill, worth 150 million euros, which will allow the company to expand its production of thinner and stronger materials. As a result, more…
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