Metallurgy news

• 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

• Thyssenkrupp modernizes sites in Duisburg and Bochum As part of the 20-30 Steel Strategy implementation process, German steelmaker thyssenkrupp, after receiving investment approval, is about to enter into contracts for the construction of new main units at its sites in Duisburg and Bochum. The company strives to expand its range of premium steels and... 15.02.2021  10:48

• Steel production in South Korea drops below 70 million tons due to pandemic South Korea's steel production fell below 70 million metric tons for the first time in four years in 2020 as demand from automakers, shipbuilders and construction companies fell amid the COVID-19 pandemic, industry data showed Sunday. In 2020, the country produced a total of 60.71 million metric... 15.02.2021  10:46

• ArcelorMittal announces share buyback program ArcelorMittal today announces its share buyback program (the “Program”) pursuant to a resolution issued by the AGM held on June 13, 2020 (“General Shareholders Meeting Resolution”). The background to this Program is based on the Company's sale of 40 million Cleveland-Cliffs common stock for a gro... 15.02.2021  09:54

• Rails from Poland will go to Finland A new 25 km tram line will be built in Helsinki and Espoo. The rails will be supplied from the factories in Chorzów and D Гbrowa Gurnice. The 25 km long Jokeri Light Rail tram line will replace the main bus route 550, the busiest in the region. Of the 25 kilometers of the new tram line, 16 k... 12.02.2021  11:33

• Arcelormittal SA benefits from higher steel prices A global steel shortage, due to a sharper-than-expected recovery in almost all markets, pushed global steel prices to record levels since 2008, helping ArcelorMittal SA cut its losses. The voracious demand for steel in China returned almost immediately after breaking the restrictions regime in... 12.02.2021  11:21

• India needs to expand steel production to meet growing demand As demand for steel grows in the coming years, India will have to increase steel production. India aims to produce between 180 and 190 million tonnes per year by 2030. However, isolation from Covid-19 has sharply halted economic activity and slowed the growth of the steel industry due to... 12.02.2021  11:13

• Imports of steel products in Russia decreased in 2020 According to the Customs of the Russian Federation, in 2020 Russia imported about 5.2 million tons of steel products, which is 27.6% less than in the previous year. In December, imports of ferrous metal products amounted to about 400,000 tons, compared with 330,000 tons in November. Also,... 12.02.2021  10:50