Metallurgy news

• ArcelorMittal invests in steel plants in Germany ArcelorMittal has announced a major investment in its German facilities as part of its efforts to reduce carbon emissions by accelerating the adoption of carbon neutral steel and expanding its hydrogen infrastructure. According to a press release, the company plans to build a large-scale... 16.04.2021  09:41

• Aerospace calls on government to support Liberty Steel The aerospace industry is calling on the government to intervene to secure the supply of specialty steel products it relies on amid scrambles to fund Liberty Steel. Liberty Steel's owner, Sanjeev Gupta, is urgently seeking funding following the collapse of Greensill Capital, its former key... 15.04.2021  12:58

• Worldsteel: Severstal is a champion in steel sustainability The Russian steel company PAO Severstal, one of the leading vertically integrated steel and mining companies, has been recognized by the World Steel Association (worldsteel) as the champion in the sustainable development of the steel industry. Every year, the Steel Sustainable Development Champions... 15.04.2021  12:53

• Results of production activities of the MMC of Ukraine in January-March 2021 In the first quarter of 2021, metallurgical enterprises of Ukraine issued about: agglomerate - 8,220,000 tons (104.6% versus January-March 2020) gross coke (6% vol.) - 2,420,000 tons (98.7%); pig iron - 5,310,000 tons (104.3%); steel - 5,290,000 tons (99.5%); As of April 13, 2021, of the... 15.04.2021  12:50

• Vietnamese Formosa Ha Tinh Steel raised prices for June After China's Baosteel raised its hot rolled coil (HRC) prices by RMB 400 per tonne in May, Vietnamese company Formosa Ha Tinh Steel Corporation (FHS) sharply raised its hot rolled steel prices by $ 145 per tonne yesterday (April 12). and the price of wire rod was increased by US $ 84 per tonne for... 14.04.2021  09:46

• Export duties on Russian steel may limit production Maxim Reshetnikov, Russia's economic development minister, said the proposal to impose tariffs on Russian steel exports to curb price increases was not only unrealistic, but could lead to a shortage of certain types of steel products. In December, the Ministry of Development agreed to raise the... 14.04.2021  09:40

• Vietnamese company Formosa raises prices for rolled metal products against the backdrop of a rapidly growing market Vietnamese steelmaker Formosa Ha Tinh's recent monthly domestic hot coil prices reflect the sharp rise in market prices over the past month. On April 12, the Vietnamese mill announced a price increase of about $ 145 per tonne for June shipments, sources at Kallanish said. The new SAE 1006... 13.04.2021  11:21

• Steel Industry in India to Post Record 4Q Sales Growth Strong domestic demand, along with healthy exports, contributed to the consistent growth in production and sales of the steel industry in the fourth quarter of 2020-2021, analysts said. Steel companies are expected to increase their revenues by 20% qoq and 45-50% qoq, driven by higher sales and... 13.04.2021  11:18

• Chinese manufacturers Anshan and Bengang will become one after 16 years? China's ferrous metals are booming as, amid a surge in domestic steel prices since late March, Shenzhen-listed Angang Steel Co and Bengang Steel Plates Co are subsidiaries of two of Northeast China's largest steel mills. The uprisings were in response to renewed hope that Anshan Iron & Steel... 13.04.2021  11:09

• Tata Steel sets new record for steel production India's Tata Steel announced that its steel production in the fourth quarter of fiscal year 2020-21 (January to March 2021) was 4.75 million tonnes, a new record that also increased 3% over the previous quarter. Tata Steel also noted that in the last quarter of fiscal year 2020-21, total steel... 12.04.2021  11:49