Metallurgy news

• ArcelorMittal Kryvyi Rih raises wages for workers, offers trade unions a three-year plan July 30, 2021, Kiev Following a meeting with trade union representatives, ArcelorMittal Kryvyi Rih announced today a proposal to raise wages to all employees by at least 10% in two stages: 5% October 1, 2021 and at least another 5% at the beginning of the second quarter of 2022. Salaries for... 01.08.2021  15:17

• A licensed workshop in the UAE for the first time cut threads on Interpipe premium pipes The Ukrainian industrial company INTERPIPE continues to develop the supply of pipe products with premium connections. An important stage on this path is the creation of a network of foreign workshops capable of cutting and repairing threads on accessories and pipes in close proximity to the... 01.08.2021  13:36

• Olympic medals made from 80 tons of electrical waste The medals awarded to athletes at the Tokyo Olympics were made from electrical waste. For their production, electrical waste such as computers, laptops, tablets and mobile phones were used. The campaign to collect waste for their production lasted two years. This is the first time in history... 30.07.2021  11:18

• Water crisis threatens Brazilian iron ore transportation Drought makes one of Brazil's most important river systems non-navigable, making it more difficult and costly for a raw material power plant to transport grain and iron ore to world markets. According to the national grid operator, the Parana River Basin in central Brazil is experiencing its... 30.07.2021  11:13

• China Mills Profits Recover Fast Due To Rising Prices The profitability of China's blast furnaces (BF) and electric arc furnaces (EAFs) rebounded rapidly in July, driven by robust domestic steel prices and lower production costs. As of July 27, profits that domestic blast furnace mills earned from rebar sales averaged 718 yuan per tonne ($ 110 per... 30.07.2021  11:10

• German steel production grows for 4 months in a row According to the latest statistics from the German Steel Federation (WV Stahl), crude steel production in Germany was over 3.42 million tonnes in June, up 38.5% from the same month last year, the fourth straight month of growth. The sharp increase from the same period last year was driven by low... 29.07.2021  12:44

• After 2050, steel will be mainly produced from ore due to scarcity of scrap metal Most steel will continue to be produced from primary raw materials, including iron ore and metallurgical coal, after 2050 due to limited reserves of ferrous scrap, according to information provided on July 28 by the Net-Zero Steel Pathway Methodology Project, or NZSPMP, an industry group ... “We ... 29.07.2021  11:51

• Russian steel producers aim to reduce the impact of EU carbon tax The Russian Steel Association says that the Carbon Borders Regulation Mechanism (CBAM), which the EU plans to implement in 2026, is fraught with significant risks to the global economy and the steel industry, in particular, notes Kallanish. “The inclusion of the steel sector in the scope of EU b... 29.07.2021  11:47

• China's steel industry after typhoon In-Fa Henan is still experiencing catastrophic flooding, and Typhoon Ying Fa has hit many regions in China, including Shaoxing, Zhoushan, Hangzhou, Ningbo, Shanghai and Suzhou. The metallurgical industry, as well as a number of other industries across the country, were hit by the typhoon. The slow... 27.07.2021  13:38

• Global steel production exceeded 1 billion tonnes in the first half of the year According to Worldsteel (WSA), in June 2021, the total steel production in the countries of the world amounted to 167.9 million tons, which is 11.6% more than in June last year. Metallurgical production continues to demonstrate high growth rates since the beginning of the year. In total, in the... 27.07.2021  13:12