Metallurgy news

• 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

• China pledges to cut steel production China will secure a cut in crude steel production in 2021 and will launch a nationwide investigation into the cuts in steel capacity from 2016 as the country strives to meet its emission reduction targets. China, the world's leading steel producer, has launched a campaign to eliminate obsolete... 05.04.2021  12:55

• German authorities rejected environmental objections to Nord Stream 2 Environmentalists from NABU and DUH are protesting against the consent of the authorities to lay a section of the gas pipeline in the economic zone of Germany. The German authorities considered the environmental concerns unjustified. In Germany, two environmental groups have failed in an attempt... 05.04.2021  12:44

• Zaporizhstal increased production of rolled metal by 7.2% In January-March 2021, the Zaporozhye Metallurgical Plant increased its output of rolled products by 7.2% compared to the same period last year - up to 855.5 thousand tons. According to the published press release, steel production during this period increased by 4.4% - up to 1 million 2.6... 02.04.2021  13:11

• Severstal confirms its goal to reduce greenhouse gases PJSC Severstal has developed an energy efficiency strategy that will largely ensure the achievement of the company's goal of reducing the company's greenhouse gases by 3% by 2023. According to Severstal CEO Alexander Shevelev, with the company's goal to reduce the intensity of greenhouse gas... 02.04.2021  12:58

• Liberty Steel owner Gupta warns creditors Liberty Steel owner Sanjeev Gupta said there was huge interest in his company from financiers looking to refinance billions of dollars in debt to Greensill Capital, and warned lenders against actions that would lead to the destruction of thousands of jobs. “We actually have huge interest from n... 01.04.2021  10:55

• Metinvest will increase wages for workers from May 1 During April, the company will apply a differentiated approach to the revision of salaries and will report how the salaries of various categories of employees will increase. Prerequisites for an increase Metinvest values ​​highly the contribution of its employees and intends to continue to be ... 01.04.2021  10:48

• Price increases expected in April 2021 The rise in prices is associated with a change in world prices, an increase in the dollar exchange rate, as well as an increase in the consumption of metal products, both in the world market and in the domestic market, which causes a shortage of steel and creates preconditions for producers to... 01.04.2021  10:44