Metallurgy news
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NLMK asks to exclude slabs from the list of steel tariffs under section 232NLMK Group owns and operates three steel mills in Indiana and Pennsylvania. Since the acquisition of these plants, NLMK has invested over $ 800 million in these facilities, restoring much-needed jobs in these communities. These plants employ 1,200 workers at NLMK, with a further 8,400 employed…
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China's Jingye Sends Contract Proposals To 3,200 UK SteelworkersAlmost 10 months after British Steel's bankruptcy, the bailout deal is on the verge of completion. British Steel's sale to China's Jingye is due to be completed next week, according to British media reports, after a Chinese industrial firm sent out contract offers to 3,200 employees and told 400…
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ArcelorMittal Kryvyi Rih is modernizing its sinter plantArcelorMittal Kryvyi Rih modernizes sinter plants. The company has reconstructed three of six sintering machines in shops 4, 5 and 6. Each unit is equipped with a modern gas purification system and modern automation. Hot testing of the entire complex of the recently renewed sintering machine No. 4…
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Nippon Steel Says Risk Of Coronavirus Spreading DownThe world's No. 3 steelmaker, Nippon Steel, is gearing up to mitigate risks as the slowdown in manufacturing activity in China following the coronavirus outbreak could further affect demand in industries such as the automotive and engineering industries. Nippon Steel's executive vice president, Mr…
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US steel imports in January fell by 10%The American Iron and Steel Institute reported that the United States imported a total of 3,135,000 tonnes of steel in January 2020, including 1,633,000 tonnes of finished steel (down 9.9% and 33.4%, respectively, compared with January ). 2019. Total and final steel imports increased by 97.7% and…
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Iranian steel production to increase by over 46 percentIran's steel production rose 46.7 percent in January, with an average global growth rate of 2.1 percent, according to a report released by the World Steel Association (WSA). Compared to last January's 1,971 million tons, Iran produced 2.895 million tons of crude steel, up 46.7 percent, according to…
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ArcelorMittal Nippon Steel will set up a metallurgical plant in ParadipChief Secretary of the Industry Department of Odisha Governments Mr. Hemant Sharma said that ArcelorMittal Nippon Steel will establish a 3 million tonne steel plant in Paradip. He said: “The original MOU with Essar Steel was for the establishment of the 3MTPA steel plant at Paradip in Odisha. The…
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OMK sets a record for the production of wheels for trains in 2019The subsidiary of the United Metallurgical Company OMK Vyksa Metallurgical Plant in the Nizhny Novgorod Region in 2019 increased the production of train wheels. At the end of the year, the total number of wheels produced was 951,000, up 11% from 860,000 in 2018. Along with this, exports were at an…
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Steel production in China declines due to outbreak of Covid-19Steel production in China will decline in the coming months due to the impact of the new coronavirus (Covid-19) outbreak in 2019, which will halt last year's strong results that lasted until January, analysts say. Output from the world's largest steelmaker rose 7.2% year-on-year last month, despite…
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The consequences of the coronavirus for steel companiesOne sector that has faced the heat of the coronavirus outbreak and business disruption in China is steelmaking. Raw material shortages are affecting many companies. Kalyani Steels RK Goyal Managing Director and Edelweiss Analyst Amit Dixit shared their views on the outlook for the metals sector…
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