Metallurgy news
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Brexit won't save UK steel industryBritish Steel would be easier to bail out if the UK were outside the European Union, and the no-deal Brexit turmoil could wreak havoc on the industry even more, the UK Steel director said. The intervention by UK Steel CEO Gareth Stace began with the government facing an urgent need to find a buyer…
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Metinvest trading news for the first quarter of 2019Metinvest BV has released a trading update for the first quarter ended March 31, 2019. In 1Q 2019, Metinvest's consolidated revenue decreased by 5% YoY to USD 2,863 million, mainly due to a drop in steel prices in line with global guidance, as well as lower resale volumes. This was partially offset…
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Japanese steel production fell 0.8% in AprilJapan Iron and Steel Federation JISF said Japan's steel production in April fell 0.8% from a year earlier to 8.65 million tonnes, down for the eighth straight month. JISF said: "Although the blast furnace problems have been resolved, many operators did not turn on the electric furnaces during the…
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What are the prospects for ArcelorMittal PolandArcelorMittal Poland is the largest steel producer in Poland, accounting for about 70 percent of the production capacity of the Polish steel industry since 2004, when the company started operations in Poland, investing PLN 6 billion in the modernization of its installations. Half of which went to…
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Steel prices in the EU fell in MayThe recent negative dynamics of European flat steel prices continued in May. Lower demand from the auto sector still undermines steelmakers' ambitions to increase base prices. Moreover, overall market activity is below forecasts for this time of year. Global trade tensions and political uncertainty…
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JSW wins Danieli modernization contractItalian smelter builder Danieli has been awarded a contract to replace the primary descaler, hot plate leveling line, and # 1 sheet steel cutting line at JSW Steel USA's Baytown, Texas. The intention of the steel mill is to improve the productivity of the mill. The first phase of the project has…
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Analysts see long-term price support for steel productionWith iron ore prices topping US $ 100 /t CFR in China for the first time this year, reaching their highest level since early 2014, leading analysts see an opportunity for China's steel production to increase in April to over 1 billion tonnes on an annualized basis. Brazilian iron ore cutbacks at…
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Interpipe has certified the premium sleeveless UPJ-F connection at CAL IVThe Ukrainian industrial company Interpipe has certified its own premium sleeveless connection Interpipe UPJ-F for compliance with the international standard ISO 13679 CAL IV (Connection Application Level). In general, it took the Company about a year to develop, master, test and certify a new…
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British Steel goes bankruptThe UK government has confirmed that British Steel is being administered, although no formal confirmation has yet been received from the company itself. A manufacturing specialist, headquartered in Scunthorpe, has been in discussions with the government for a bailout loan, which is reported to be…
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The use of steel scrap in production increased by 10.1%Scrap steel consumption rose 10.1% to 469.3 million tonnes last year in countries that account for 81% of global steel production as these countries, including China, seek to reduce their carbon emissions, Rolf Villek said on Tuesday. Statistical Adviser to the International Bureau of Waste…
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