Metallurgy news
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ArcelorMittal Kryvyi Rih opens Steel People photo exhibition todayThis year ArcelorMittal Kryvyi Rih has a double reason for the celebration - apart from the Day of the Metallurgist and the Miner, the company will soon celebrate its 85th anniversary. The company invites all residents of the city to the grand opening of the Steel People photo exhibition at the…
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Tata Steel India demonstrates 20% production growth in Q1 2015Commenting on Q1 2020 sales volumes, Tata Steel announced that global business confidence has plummeted in recent months amid wider economic weakness and uncertainty over the ongoing U.S.-China trade conflict that has negatively impacted investment decisions, spending on investment and trade flows…
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China's second-quarter GDP growth slows to 27-year lowChina's economic growth slowed to 6.2% in the second quarter, the lowest in 27 years, as domestic and foreign demand eased amid growing US trade pressures. While a more optimistic June factory output and retail sales showed signs of improvement, some analysts warned that growth could be volatile…
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NLMK USA increases production of steel in Q2 while sales decreaseRussian steel company NLMK reduced steel sales to the United States in the second quarter, while production rose. NLMK's US hot-rolled steel sales fell 15% quarter-on-quarter to 313,000 tonnes from 369,000 tonnes in the same months a year earlier. Cold rolled steel sales fell 15% year on year to…
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Metinvest reports that Azovstal is operating normallyThe burnout of the mixer and the subsequent pouring of pig iron did not affect the production processes of the Azovstal steel plant in Mariupol. According to the press service of the Metinvest management company, the burnout of the mixer will not affect the environment and the production processes…
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Nippon Steel will sell nearly $ 2 billion in assets to buy Essar SteelUntil March 2021, Nippon Steel will unload assets worth up to 200 billion yen (US $ 1.85 billion), which is beyond the original sales plan to finance the acquisition of India's Essar Steel. Sales will focus on fixed assets such as equity and land. Executive Vice President Katsuhiro Miyamoto said…
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Two companies are interested in buying the Bosnian plant Jelsingrad LivaThe sale of the Bosnian steel mill Jelsingrad Livar generated interest from two bidders. News Glas Srpske quoted Jelsingrad Livar CEO Miodrag Brdar as saying that “I received information from the Livar Group that two companies have applied to buy shares, but further details remain a trade secret.”…
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Severstal announces 2Q 2019 production resultsPJSC Severstal announces production results for the second quarter of 2019. Hot metal production decreased qoq in Q2 2019 to 2.30 Mt (Q1 2019: 2.36 Mt) due to short-term maintenance work at BCP # 1, BCP # 4 and PZ # 5. Steel production remained largely unchanged at 3.06 million tonnes (Q1 2019…
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Ukraine has increased the export of semi-finished steelAccording to DP Derzhzovnishinform, Ukrainian companies exported 3.84 million tons of steel semi-finished products in the first half of 2019, which is 7.2 percent more than in the same period in 2018. Nevertheless, the proceeds from the sale of billets abroad fell by 5.5 percent - to 1 billion 620…
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ArcelorMittal Italia lawyers are exploring a solution to avoid the closure of the ovenArcelorMittal lawyers are examining initiatives to avoid the closure of a second blast furnace at the former ILVA steel mill, ordered by the Taranto prosecutor on Tuesday. Lawyers said they have begun "hypothesizing" initiatives, possibly with the consortium that hosted ILVA last year. Unconfirmed…
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