Metallurgy news
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Difficult times for the Indian steel industryIn India, steelmaking is expected to be negatively impacted by the Covid-19 pandemic and the 21-day downtime nationwide, and that domestic firms may have to face challenges such as weak domestic demand, which could lead to stockpiling , putting pressure on rolled metal prices. In the current fiscal…
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Calls to Ease Steel and Aluminum Tariffs Amid COVID-19 CrisisDespite calls for tariff abolition, the White House continues to deny any intent to change section 232 tariffs. In the United States, metal industry organizations resumed debate this week over the application of section 232 tariffs on steel and aluminum, after the US Customs and Border Protection…
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The crisis is developing on the world steel marketSteel production is declining in Europe, which is currently one of the regions hardest hit by COVID-19. MEPS also notes problems with transport shortages and border delays. Long lines of trucks are reported to be waiting to enter some countries. This restricts supply for many companies across the…
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Indian steel firms ready to take Covid-19 hit and cut productionSteel companies, including in the public sector, are considering cutting production in the wake of the coronavirus outbreak. JSW Steel of Sajjan Jindal has already announced its decision to cut production at its plants. Industry sources said senior executives at major players such as Tata Steel…
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Jingye Sends Aid Package to British Steel in ScunthorpeChina's Jingye has sent a private jet filled with medical equipment to Scunthorpe's steel plant to help protect workers and keep blast furnaces running amid the chaos caused by Covid-19. Half of the aid package from China will be donated to the community surrounding the steel plant as nearby local…
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Some Turkish metallurgists stop productionVarious Turkish steel mills have announced production cuts following their counterparts in the EU and other regions as the global coronavirus pandemic continues to rage. Electric arc furnace-based long steel maker Ekinciler has decided to end production indefinitely from this week. Another EAF…
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AISI calls on the US administration to designate steel as a major industryThe American Iron and Steel Institute has called on the Trump administration to identify the steel sector and its workers as “essential” in developing and enforcing on-site orders and other directives in response to the COVID-19 pandemic. In a letter to Pence VP, Thomas J. Gibson, President and…
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NLMK suspends production of a steel plant in Italy due to coronavirusRussian steelmaker NLMK has suspended production at its plant in Italy for at least two weeks due to the spread of the coronavirus, while other European plants are still operating. NLMK said: "We have temporarily suspended the bulk of our operations in Verona for at least two weeks." The plant in…
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Iranian metallurgical industry: results and prospectsAccording to ISA, in 2019 Iran was ranked 10th among the world's steel-producing countries, while in 2016 Iran was ranked 14th. In fact, Iran is the largest steel producer in the region. According to the comprehensive steel plan, the country plans to produce up to 55 million tons of crude steel by…
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MMK Group predicts a decline in domestic steel pricesRussian steel giant MMK said: “At the current peak of the spread of the coronavirus and the downturn in business activity, the MMK Group is carrying out equipment repairs along with planned production cuts. At the moment, there is no critical impact on sales in the main markets of the Company…
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