Metallurgy news
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ArcelorMittal Taranto has 3 reported 3 explosionsANSA, citing trade union sources, reports that 3 explosions were recorded in furnace # 2 of the ArcelorMittal metallurgical plant in the southern city of Taranto on the night of Tuesday to Wednesday. Sources said no one was hurt, although the explosions caused extensive damage. Unions said the…
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Thyssenkrupp CEO has a year to make fundamental decisionsThyssenkrupp CEO Ms Martina Merz plans to make all the major decisions needed to revive the ailing engineering group within one year of her planned tenure. Ms Merz said: “I am scheduled to join the Board of Directors for one year. By that time, all significant decisions will be made. " Martina…
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Brazil suspends licensing of Chinese iron ore projectThe Brazilian Federal Court of Montes Claros in the state of Minas Gerais has made a preliminary decision to suspend licensing procedures for the Sul Americana de Metais (SAM) iron ore project. SAM is a subsidiary of Honbridge Holdings in China. Projeto Bloco 8 includes an iron mine located in Gran…
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Ukrainian metallurgical plants reduced production in 2019According to the Ministry of Economic Development, Trade and Agriculture of Ukraine, metallurgical enterprises reduced steel production by 1% in 2019 compared to 2018 to 20.848 million tons, the total volume of rolled steel also decreased by 1%, to 18.387 million tons, and pig iron production…
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ArcelorMittal Italia closes steel plant in TarantoArcelorMittal Italia has informed local metallurgical unions that the company will be shutting down its steel mill # 1 in Taranto from Thursday 23 January until the end of March. At the same time, 250 out of 457 employees will be laid off, and the rest will be transferred to Steel Plant No. 2. Part…
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Russian steel production at NLMK in 2019 fell by 10%Steel production at Novolipetsk Iron and Steel Works (NLMK) decreased by 10% year on year to 15.7 million tonnes in 2019, mainly due to a major overhaul of NLMK equipment in Lipetsk. Sales in Russia rose 7% year-on-year to 11.4 million tonnes in 2019, driven by increased demand for steel. Export…
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2019 was the year of fading ovens in the EU2019 was probably the worst year of the decade for metallurgy in Poland and beyond. Market demand is weakening and supply for imports is growing. Although the European Union protects its market, the "political correctness" of all EU actions makes them ineffective. Several blast furnaces have…
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Baowu Steel Group in search of iron oreChina's largest state-owned steel company, China Baowu Steel Group Corp Ltd, has announced plans to expand its overseas presence to increase its share of global iron ore mining operations. Baowu Steel Group Chairman Chen Derong said he chose an overseas target. He said: “The company will team up…
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Impact of US sanctions on steel exports from IranIranian sources told S&P Global Platts that new US sanctions on Iranian steel exports are likely to have little impact as pricing remains attractive to Asian buyers. One trader said: “The recent US sanctions are not expected to have much of an impact on Iranian steelmakers if steel prices remain…
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Iron ore prices hit new highChinese steel production is breaking records, which automatically affects the price of iron ore. Economic data showed that the country's steelmakers produced 1 billion tonnes of steel in 2019. This is the second record year in a row. China's import price of 62% iron ore rose to $ 97.58 /t, a…
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