Metallurgy news
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Iron ore production in China peaks in JulyIron ore production in China is likely to contract in the coming months after the price of 62% of iron ore fell to $ 83 /t CFR on Wednesday from a peak of $ 126.35 /t CFR on July 3, prompting domestic miners to boost production to a 19-month high. The country's rough iron ore production rose 10%…
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POSCO Completed Zhejiang Cathode FactoryPOSCO has completed the construction of its first overseas battery cathode factory, signifying its entry into the global battery market. The company held a ceremony to complete the construction of a plant in China's Zhejiang province, which can produce 5,000 tons of cathodes per year. POSCO's board…
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Thyssenkrupp files Brussels veto on joint venture with TataGermany's Thyssenkrupp has filed a complaint with the European Court of Justice to challenge an antitrust ruling that blocks a planned joint venture with Tata Steel. The complaint to the European Union's General Court of Justice, seen as a symbolic move, came after the Commission vetoed plans to…
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Russian metallurgical giants plan to enter the European market through online salesAs demand for steel grows in Europe, two large block suppliers are relying on online stores to help attract new customers. This may not sound like a groundbreaking plan. Online shoppers around the world can already order anything from a prefab house to a human skull, however European steel shoppers…
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ArcelorMittal Weirton will lay off 100 employeesThe production slowdown at ArcelorMittal's Weyrton mill will mean about 100 workers will be laid off in phases starting this week. ArcelorMittal said: “To maintain its position as a competitive and sustainable tin sheet manufacturer, ArcelorMittal Weirton will lay off about 100 employees…
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Ukraine can replace a billion cubic meters of Russian gas with its garbageThanks to the generation of energy from garbage, Ukraine can replace the equivalent of up to a billion cubic meters of natural gas annually. “Garbage is a resource that can be turned from an environmental problem into an energy source and a growth point for the domestic economy,” said Sergei…
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Ukraine's current coal reserves have almost halvedThe current coal reserves in Ukraine have almost halved compared to 2018. This was reported by Olesya Tsuprik, expert of the department for research of oil product markets and industrial and raw materials resources of the State Enterprise Derzhzovnishinform. According to the information of the…
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Amtek Auto creditors angry at Liberty Group's Sanjiv GuptaThe Mint said that when the insolvency court of appeal last week ordered the liquidation of the bankrupt Amtek Auto Ltd, creditors lost hope of recovering much of the Rs 12,603 crore fees that the once-thriving auto parts manufacturer had to pay. Many of Amtek's creditors are now channeling their…
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Turkish buyer British Steel plans to increase production at Scunthorpe plantOyak, a Turkish military fund that has been selected as the preferred bidder for the purchase of British Steel's distressed assets, has announced that it is seeking to improve productivity in its mills, which in turn could result in the loss of several hundred jobs. According to the company, the…
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Chinese firm invests in the construction of a metallurgical plant in VietnamChinese steel company Mintal Group Co. Ltd has expressed a desire to build a $ 2 billion Ferocrom stainless steel and non-ferrous metals plant in the Ngi Son economic zone in central Thanh Hoa province. This issue was discussed at a recent meeting of representatives of the Mintal group and the…
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