Metallurgy news

• Volvo and SSAB intend to produce stainless steel vehicles Truck maker Volvo AB said Thursday that it has signed a cooperation agreement with Swedish steel company SSAB AB to research, develop, mass produce and commercialize stainless steel vehicles. Volvo said it plans to start production of concept cars and components from SSAB-produced steel using... 09.04.2021  11:26

• Interpipe expands deliveries of railway products to the North American region The Ukrainian industrial company INTERPIPE has long been considered the leader of the European market for railway products. But North America is another, no less strategic direction for our sales. Recently, we have signed a number of important contracts for the supply of wheels to our North... 09.04.2021  11:22

• US Hot Rolled Steel Prices Rise Due to Deficit Hot rolled metal (HRC) prices continued to rise in the US due to a lack of supply. On average, the HRC price in the US Midwest rose by $ 16 per tonne, with lead times extended by a week. HRC prices in the South of the United States rose by about $ 15.8 per tonne over the week. Several... 09.04.2021  11:17

• Why is Elektrostal idle The steelmaking enterprise of the Donetsk region Elektrostal has been idle since the beginning of this year, having stopped the production of continuously cast billets, while in the same period last year it smelted 29 thousand tons of products. In March, the plant was also idle in December, as... 08.04.2021  11:19

• EVRAZ ZSMK expanded its product portfolio EVRAZ ZSMK has launched a new type of product - a round billet with a diameter of 140 mm. At the end of March, the plant produced an industrial batch and sent 140 tons of rolled metal to the Novokuznetsk aluminum plant (NkAZ) of RUSAL. Standard round billets with a diameter of 80 and 100 mm are... 08.04.2021  11:12

• The USA records a significant increase in the production of untreated steel Weekly U.S. crude steel production posted a notable 15.7% rise in the week ending April 3, 2021, up from the same week in 2020. This is in line with the latest weekly domestic production statistics released by the American Iron and Steel Institute. (AISI). Weekly US crude steel production was... 08.04.2021  10:57

• Chinese steel mills lose interest in export Chinese steelmakers have been reluctant to pursue export business in the past week due to strong domestic sales and continued uncertainty over whether the central government will cut export tax exemptions on steel, industry sources said. “Export trade has been very sluggish lately. All players a... 08.04.2021  10:44

• POSCO tries to exit Myanmar military-backed enterprise South Korean steel giant POSCO has begun to consider how it could close a joint venture with a military-controlled firm in Myanmar following a coup there in February. As Myanmar's ruling circles continue their deadly crackdown on protests, hundreds of people have been killed, people said the... 06.04.2021  10:47

• Rebuilding China - A Timely Help for the World? With the catastrophic COVID-19 pandemic hitting the steel industry, a faster-than-expected recovery in China is helping many steel companies around the world. Surprisingly, many steel companies like to increase production for export to China. China's imports of finished steel fell from 13.1... 06.04.2021  10:27

• AISI welcomes Biden's proposal for infrastructure investment The American Iron and Steel Institute (AISI) has welcomed President Joe Biden's "America Jobs Plan", which offers significant new funding for infrastructure investments. The American Employment Plan is an investment in America that will create millions of good jobs, rebuild the country's... 05.04.2021  13:00