Metallurgy news
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Severstal will improve product quality for automakersPJSC Severstal has started the active phase of the project for the technical re-equipment of the hot-rolled cutting block of pickled steel in the coating shop No. 1 of the Cherepovets Metallurgical Plant. At the Cherepovets Metallurgical Plant, a hot-rolled pickled strip was produced on the…
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Tata Steel Europe & Partners will reduce CO2 emissions from steel productionTata Steel has teamed up with Dutch companies Gasunie, EBN and Port of Amsterdam to prepare a feasibility study for an innovative project that could reduce CO2 emissions for steel companies. Last year, Tata Steel announced its intention to become a carbon-neutral steel producer in Europe by 2050…
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Steel production in China in August increased by 9.3% yoyChina's steel production rose 9.3% year-on-year to 87.25 million tonnes in August, according to the National Bureau of Statistics, bringing total production in the first eight months of 2019 to 664.87 million tonnes, up 9 , 1% higher than a year earlier. In August, pig iron production in China…
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Import prices for South American plate fellDue to weak demand and a declining trend in global steel, prices for imported stove from South America fell last week. The price in September fell 14.8% from the highest price in April this year. Market participants said that the decline in prices for South American hot and cold rolled sheets was…
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EUROFER: protective measures fail to protect steel market from recessionAccording to the report, the European Steel Association (EUROFER) explained that the latest free tariff rate limit limits the concentration ratio of imported steel products from certain countries and makes trade more stable. EUROFER stressed that this trade reform has helped to improve the current…
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Russian TMK is considering investing in Saudi ArabiaTMK, the largest producer of steel pipes for the oil and gas industry in Russia, said at an energy conference in Moscow that the company could become one of the investors in Saudi Arabia. The head of TMK Dmitry Pumpyansky said that the company is preparing to become an investor in Saudi Arabia, and…
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Interpipe and BELAZ entered into a strategic agreement on the supply of railway wheelsThe Ukrainian industrial company INTERPIPE and the Belarusian manufacturer of transport equipment BELAZ-HOLDING entered into a strategic partnership agreement, which provides for the expansion of cooperation between companies in the supply of railway wheels in 2019-2020. Under the agreement, the…
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The Verkhovna Rada adopted as a whole a draft law on simplifying the conditions for licensing economic activitiesOn October 2, the Verkhovna Rada adopted a draft law to improve the licensing of economic activities in Ukraine. The purpose of the bill is to simplify licensing procedures for the deregulation of economic activity. This was reported on the website of the Ministry of Economic Development, Trade and…
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September market of new passenger cars grew by 6 percentIn September of this year, 7.2 thousand new passenger cars passed their first registration in Ukraine. Thus, in comparison with the September result of last year, the demand for new cars in the Ukrainian market has grown by 6%, according to Ukravtoprom. The most popular brand of the month was…
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Martina Merz is the new CEO of ThyssenkruppMartina Merz took over as CEO of Thyssenkrupp AG on 1 October. This was unanimously decided by the Supervisory Board of Thyssenkrupp AG at an extraordinary meeting last Friday. The current Chairman of the Supervisory Board will be delegated to the Group's Executive Board for a maximum of twelve…
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