Metallurgy news
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Australia launches anti-dumping investigation into Vietnamese steel productsThe Australian Antidumping Commission has launched antidumping and antidumping investigations for steel pipe products originating in China, South Korea, Taiwan and Wit Nam. The information was published by the Trade Facility Office of the Ministry of Industry and Trade of Vietnam. Certain welded…
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Tata Steel Update on COVID-19 OutbreakAs the new outbreak of the COVID-19 coronavirus continues to spread rapidly around the world, Tata Steel said: “As national governments intensify their efforts to contain the spread of COVID-19, Tata Steel will reduce operations at certain facilities. We have already strengthened our employee risk…
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Turkish steel companies confirm the need for import restriction measuresTurkey's steel production in February rose 8.2% year-on-year to 2.9 million tonnes, according to the Turkish Steel Manufacturers Association (TCUD), while production in January-February rose 12.7% to 5 , 9 million tons. Consumption of finished steel in February was 3 million tons, up 68.3%…
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Ukraine will leave 100,000 tons of wheat for domestic needsThe state-owned Ukrainian grain firm DPZKU has stocks of about 100,000 tons of wheat in stock and is ready to meet domestic needs for flour amid growing demand caused by the coronavirus pandemic, the company said on Tuesday. Ukrainian bakers and bakeries last week asked the government to restrict…
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Iron ore futures in China climb after recovery in activityChinese iron ore futures rose on Tuesday, boosted by hopes for demand after the world's second largest economy reported unexpected production increases in March. The National Bureau of Statistics said China's official purchasing managers 'index (PMI) jumped to 52 this month from a record low in…
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Tata Steel cuts production in India due to coronavirusIndia's Tata Steel said Wednesday it has begun to cut production at facilities in four major cities, including its flagship plant in Jamshedpur, as the conglomerate takes action to combat the fallout from the coronavirus outbreak. The company added that work in subsequent plants has been suspended…
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Metinvest suspends work at Italian steel plantsMetinvest Group has suspended two of its rolling mills in Italy. This decision was made in connection with the COVID-19 pandemic and the demands of the Italian government to suspend the operation of steel mills in the country. The factories of the Ferriera Valsider group and Metinvest Trametal in…
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ArcelorMittal Update on COVID-19 ImpactArcelorMittal provided an update on the impact of COVID-19. It states: “The global escalation of COVID-19 and the measures put in place by governments around the world to contain the virus are negatively affecting economic activity and manufacturing supply chains in many parts of the world…
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Metalloinvest invests in an environmental programMetalloinvest approved the Environmental Program for 2020-2025. The program provides for more than 21 billion rubles of investments in a set of technological and environmental measures with direct environmental impact at all production sites of Metalloinvest. 70% of the program budget will be…
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US steel production fell 10% last weekProduction figures are the lowest since January 2017 and capacity utilization is the lowest since April 2017. Two weeks ago, steel mills were hit by coronavirus-related car production stops, with all American automakers announcing some level of shutdowns as demand fell as local and state…
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