Metallurgy news

• ArcelorMittal Announces Large-Scale Investment Project at Metallurgical Plant in Ghent The new direct reduction (DRI) plant will use natural gas or hydrogen, which will lead to significant reductions in carbon dioxide emissions. ArcelorMittal, a Luxembourg-based multinational steel company, has announced an investment in a major modernization project at its steel plant in Ghent,... 30.09.2021  10:30

• ThyssenKrupp plans to introduce carbon surcharge German steelmaker ThyssenKrupp is considering a carbon surcharge. The company set a carbon price of € 45.93 per tonne and said it produces 2.1 tonnes of carbon dioxide for every tonne of crude steel. A cost of € 96.45 per tonne for every tonne of crude steel will be produced, ThyssenKrupp will ha... 30.09.2021  10:25

• Ukraine in the world ranking of metallurgical production for 8 months of 2021 World production of crude steel for 8 months of 2021 is 1321.93 million tons, which is 10.62% higher than the indicator for 8 months of 2020 (1195.00 million tons). The first place belongs to the People's Republic of China, smelted 733.02 million tons, which is 5.28% more than in January-August... 30.09.2021  10:04

• Metinvest publishes its 2020 annual report Metinvest, an international vertically integrated group of mining and metals companies (Metinvest or the Group), has published its 2020 annual report. The topic of the report is "Stronger Together". In 2020, as businesses around the world face new challenges from the COVID-19 pandemic, the Group... 29.09.2021  12:00

• German steel production increased According to statistics from the German Steel Federation (WV Stahl), crude steel production in Germany was around 26.6 million tonnes in the first eight months of this year, an increase of almost 17% over the same period last year. In August alone, steel production in this country reached 2.92... 29.09.2021  09:57

• Steel Price Rises in China Amid Peak Carbon Emissions The Chinese government has imposed dual energy and intensity controls on energy-intensive industries such as steel and cement to meet its carbon peaks and carbon neutrality commitments. Many provinces have been forced to suspend production due to power outages, and steel and other industries are... 29.09.2021  09:54

• POSCO Idle in Jiangsu Due to Electricity Restrictions in China Influenced by the latest Chinese government measures to limit capacity, the POSCO stainless steel plant located in Jiangsu, China, is forced to suspend production. The mill was supposed to resume production in early October. In fact, under national control of energy consumption and energy... 29.09.2021  09:46

• Interpipe will increase employees' salaries by 10% From October 1, the Ukrainian industrial company Interpipe will increase wages by an average of 10%. The increase in wages will affect all employees of the pipe division, the steel division and the division of railway products, as well as employees of centralized functions. When raising... 28.09.2021  12:15

• POSCO will supply steel for solar energy POSCO will supply steel materials to Array Technologies Inc. (hereinafter referred to as Array) from the United States, the world's second largest manufacturer of surface mount systems used in solar energy projects. The two companies signed a MOU without being present on the 31st and decided to... 28.09.2021  09:33

• Vietnam's steel exports jumped sharply in August Vietnam's domestic market has been impacted by the COVID-19 epidemic, so the authorities have stimulated export sales of the steel industry. Moreover, Vietnamese mills have just acquired excellent opportunities amid a strong trend in global steel prices, which has boosted sales of coated steel... 28.09.2021  09:28