Metallurgy news

• Iron ore stocks in China hit new low Iron ore concentrate inventories at 186 selected Chinese mining companies fell to 1.6 million tonnes as of February 4, hitting a new low since Mysteel began researching reserves in January 2019. Declining production among mining companies and strong sales to steel mills resulted in a decline,... 08.02.2021  11:13

• CEO Martina Merz completely reorganizes Thyssen-Krupp At Europe's largest steel mill, 14,000 employees in Duisburg are waiting for Thyssen-Krupp's executive board to decide what to do with the steel production. The head of the group Martina Merz announced the corresponding decree for March. There are three options: steel remains in the group, steel... 05.02.2021  12:27

• Splitting the level of steel production between Asia and the rest of the world Steel production fell 0.9 percent last year. However, this is the average for the countries of the world. In the European Union, the decline exceeded 11%, and in the USA - 17%. At the same time, China increased production by more than 5 percent. China, India and Japan are invariably among the... 05.02.2021  12:09

• ArcelorMittal to reopen blast furnace in Belgium Smelter ArcelorMittal plans to restart Kiln B at its plant in Ghent, Belgium by the middle of this month. The 2.3 million metric tons (Mt) kiln was shut down last September to replace the lining. It should be noted that this is one of two furnaces at the plant in Belgium, the total capacity of... 05.02.2021  11:59

• Steel production in the CIS increased in 2020 The monthly production data released by the World Steel Association (worldsteel) suggests a marked increase in crude steel production in the Commonwealth of Independent States (CIS) region during December 2020. Production in the region increased by 3.1% over the previous year. Smelting was 8.696... 04.02.2021  10:25

• EU rolled metal imports fell as suppliers exhausted quotas Hot rolled metal imports to Europe have declined slightly over the past two weeks as a direct consequence of the global decline in steel prices. However, the nominal price decline did not affect the European domestic market. This is due to the current anti-dumping measures, as well as the... 04.02.2021  10:14

• Severstal commissions Cherepovets blast furnace No. 3 Blast furnace reconstruction using Danieli Corus technology using a cooling system and a Hoogovens lining Russian steelmaker Severstal has successfully commissioned blast furnace # 3 at its Cherepovets plant. This furnace was shut down and dismantled in 2007. In 2018, activities related to the... 04.02.2021  09:50

• Yieh Phui Production Line Will Not Stop During The Holidays With the international steel market now in short supply, Yieh Phui, one of Taiwan's largest steel mills, has decided to cancel the Chinese New Year holiday due to high demand for orders. With strong market demand, sales in the first quarter of this year could be strong, even steel mills... 03.02.2021  12:29

• Thyssenkrupp Seeks Clarification on Liberty Steel Offer The bid, which Britain's Liberty Steel filed in January for the purchase of Thyssenkrupp's steel division, is to be clarified in ongoing negotiations between the two firms, the German group's CEO said. The application still contains “a number of difficult aspects that require further c... 03.02.2021  12:22

• China Steel raises prices by an average of 2.5 percent China Steel Corp yesterday said it would raise domestic steel prices an average of 2.5 percent per tonne for next month's delivery, citing higher raw material prices and a recovery in demand amid improved economic outlook. Rising prices for iron ore, coking coal and some alloying elements, along... 02.02.2021  11:33