Metallurgy news

• Carbon neutrality puts a heavy burden on POSCO The POSCO cost of replacing one blast furnace with a carbon-free one by 2050 is estimated at approximately six trillion won. The company currently operates nine blast furnaces and has an estimated total replacement cost equivalent to its 30-year operating profit. The South Korean government... 19.02.2021  12:02

• China's Baowu Steel acquires Kunming Steel and targets Shandong Steel The world's largest steel producer Baowu Steel of China, with a capacity of 115 million tonnes of steel per year, has signed an agreement with the Yunnan provincial government to donate 90% of its shares in Kunming Steel. The production capacity of Kuming Steel is 10 million tons per year, in... 19.02.2021  11:51

• Iran: production of metal products increased by 2% Steel production in Iran increased by two percent during the first ten months of the current Iranian calendar year (March 20, 2020 - January 19, 2021) compared to the corresponding period last year. As reported, for ten months of this year, 12.145 million tons of metal products were... 18.02.2021  10:03

• Thyssenkrupp completes negotiations with Liberty to sell its steel division Germany's Thyssenkrupp said on February 17 that the company had completed negotiations to sell its steel division to Liberty Steel, focusing on its own restructuring. Thyssenkrupp said the decision came after a failure to reach an agreement with Liberty. “We opened the door to negotiation, b... 18.02.2021  09:46

• US issues ruling on the import of steel pipes from Ukraine, South Korea and Russia The US Department of Commerce (USDOC), following an investigation into imports from these three countries, issued dumping definitions: imports of seamless standard, line and pressure pipes made of carbon and alloy steel from South Korea, Russia and Ukraine will be subject to anti-dumping (AD)... 18.02.2021  09:23

• NLMK La Louvière hot strip mill stops production until March NLMK Group has announced that it will spend € 150 million to modernize its hot strip mill at its Belgian subsidiary NLMK La Louvière, which is expected to increase its production capacity from 1.7 million tonnes to 2.2 million tonnes in 2022. it was clear that NLMK La Louviere focuses on the pr... 17.02.2021  10:24

• WTO Postpones US Steel Tariff Decision According to the report, the World Trade Organization (WTO) has postponed a decision on US steel and aluminum tariffs until the second half of 2021, giving President Joe Biden more time to resolve related disputes. The US government has imposed anti-dumping duties (AD) on imported steel and... 17.02.2021  10:21

• AMNS and PMSL sign a contract for the supply of hot-rolled steel According to the report, Indian steelmaker ArcelorMittal Nippon Steel Limited (AMNS) and POSCO Maharashtra Steel Limited (PMSL) have signed an agreement for the supply of hot rolled coils, they expect to supply hot rolled coils to PMSL in 2021, which is worth about US $ 684 million in... 16.02.2021  10:35

• US Steel honored with prestigious Best Place to Work award Pittsburgh-based United States Steel Corporation (US Steel) announced that it has achieved the highest ranking in the Corporate Equality Index (CEI) of the Campaign for Human Rights Foundation for 2021, which measures the equality of LGBTQ people in the workplace. The company also received the Best... 16.02.2021  10:29

• ArcelorMittal Steel shipments fall 18% in 2020 ArcelorMittal, a leading integrated metals and mining company headquartered in Luxembourg, announced financial results for the fourth quarter and full year period ended December 31, 2020. The company reported an adjusted net income of $ 0.2 billion in the fourth quarter of 2020, compared to a... 16.02.2021  09:40