Metallurgy news
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Explosions at Posco's Gwangyang plantKorean media reported that five people were injured in the explosions at Posco's steel mill in Gwangyang. POSCO said: “An explosion and fire occurred during the test of the waste heat generator. The ensuing fire was stopped after 21 minutes. Among the five wounded was one with serious injuries, who…
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China's stainless steel production could reach 30 million tons in 2019According to official statistics from China, total stainless steel production in China this year could reach 30 million tons, an increase of 12.36% year on year. Moreover, domestic demand for stainless steel this year will be about 25 million tons, an increase of 15.15%. Although the global…
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Record development budget adopted in MariupolAt the XLVIII session of the city council, the deputies voted for the "Program of economic and social development of Mariupol for 2020", which provides for the development budget for the next year at the level of UAH 1 billion 200 million. The expected budget, upon receipt of subventions from the…
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GFG Alliance Applies To Purchase Bayou Steel In USAGFG Alliance Liberty subsidiary BSG Holdings Inc is set to pay US $ 28 million for Bayou Steel with plans to reopen a closed Louisiana steel mill. On December 21, a US court announced the bankruptcy of Bayou Steel Black Diamond and that it had selected Liberty as the winner of the tender. Delaware…
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ArcelorMittal to sell 50% stake in Global Chartering LimitedArcelorMittal has signed an agreement with DryLog Ltd to sell a 50% stake in Global Chartering Limited, its wholly owned shipping business, and will subsequently establish a 50/50 shipping joint venture with DryLog. The deal is expected to be completed by the end of 2019. GCL currently operates 28…
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Japan's steel production fell by more than 10% in NovemberJapan's total crude steel production in November of this year was about 7.7 million tonnes, up about 10.6% year-on-year, also for the fifth consecutive month, according to a report by the Japan Iron and Steel Federation (JISF). downward trend. In November, Japan's average daily crude steel…
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Steel production in India may increase by 13 million tonsAccording to statistics, total steel production in India by fiscal 2022 may increase by 13 million tons. The main reason for the significant increase in capacity was due to the fact that many domestic factories decided to expand the skill of their enterprises, such as JSW Steel, Tata Steel and the…
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Global steel production continues to declineMonthly crude steel production in 64 countries reporting to the World Steel Association (worldsteel) fell slightly this November by 1.0% year on year. World steel production was 147.791 million tonnes during the month, compared with 149.356 million tonnes recorded in the same month a year earlier…
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Industrial plan agreement signed for IlvaArcelorMittal announced that AM InvestCo has signed an agreement with the government designated Ilva, which sets the stage for continuing negotiations on a new industrial plan for Ilva. One of the points in this plan includes discussion of significant equity investments in a government-controlled…
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Progress has been made in selling British SteelBritish Business Minister Andrea Leedsom has confirmed that good progress has been made in selling British Steel to the proposed new owners of Jingye. She said, “I wanted to inform the Support Team that yesterday I had a very positive meeting with Jingye CEO Mr. Li Huiming, and I remain confident…
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