Metallurgy news
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Metallurgical sector resumes operations in Hubei provinceThe steel industry and major construction projects in Hubei province in central China have resumed operations as the province's epidemic is easing. As transport restrictions across China were gradually lifted, Hubei Xinyegang Steel Co brought its first 52-man shipment back to Hubei from Shanghai on…
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US Steel to suspend steel pipe production amid coronavirus outbreakUS Steel may be idle indefinitely at its Texas and Ohio steel mills as a result of difficult market conditions and high levels of imports. The company issued adjustment and retraining notices to workers at its Lone Star Texas and Lorain Ohio mills, which said downtime-related layoffs could take…
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Global steel production increased in February 2020World crude steel production for 64 countries reporting to the World Steel Association was 143.3 million tonnes in February 2020, up 2.8% from February 2019. China's steel production in February 2020 was 74.8 million tonnes, an increase of 5.0% compared to February 2019. India produced 9.6 million…
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ArcelorMittal Taranto plant to continue some production operationsItalian steel mills will have to close most operations in accordance with a government decree passed Sunday, tightening restrictions to combat the spread of the coronavirus. The government has ordered the suspension of production and commercial activities that are not necessary by March 25. Market…
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Korean companies halt production lines in India due to coronavirusKorean companies operating in India have halted their local production lines in line with the Indian government's efforts to prevent the spread of COVID-19. “Following a decision by the Indian government, we will shut down Noida Plant, which makes smartphones, and Chennai Plant, which makes home…
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Yuzhny GOK reduced concentrate productionIn February 2020, the volume of iron ore concentrate production amounted to 930.2 thousand tons. This is 5.6% less than in February 2019. At the beginning of this year, the company produced 1,916.6 thousand tons of concentrate. This is 91.8% of the indicator for the same period last year. No…
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Steel sector affected by coronavirusLower demand for steel in China, the world's largest consumer, amid a slowdown in the domestic economy, poses challenges for the steel industry. The deadly virus has heavily impacted commodities, including steel, due to concerns about weak demand in China (read: 5 stocks of basic materials to buy…
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Tenaris will temporarily suspend production at US facilitiesTenaris has announced that it will cut its US workforce due to the sharp, sharp drop in oil prices and the subsequent decline in market activity. It reads: “Employees at Tenaris's Coppel and Ambridge, PA, have been informed that work at these two plants will be suspended from March 31, 2020. Work…
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ArcelorMittal Statement on Coronavirus OutbreakArcelorMittal announced that it takes the risks associated with the coronavirus outbreak very seriously and the safety and well-being of our employees is of the utmost importance. It reads: “In all global operations, we follow government and World Health Organization guidelines and guidelines to…
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Beltrame Group ceases operations in France due to COVID-19 coronavirusGiven the development of the Covid-19 epidemic, the priority of the LME-BELTRAME GROUP is to prevent harm to the health and well-being of its employees and their families. The statement read: “For this reason, and also because we must all face this situation and contain the spread of the virus, the…
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