Metallurgy news

• Asian steel market hopes prices will rise as China returns from vacation The rise in domestic steel futures and China's physical markets following the country's return on October 9 after a week-long national holiday has raised hopes in Asian market participants looking to reverse the direction of prices, despite the lack of evidence that these gains have driven regional... 12.10.2020  10:57

• Blast furnaces will disappear from Europe along with mines Within 25 years, blast furnaces will have to replace new technologies that are still in the research or pilot phase. In other words: the steel industry must be rebuilt from scratch over the next 25 years. Too little renewable energy throws us beyond the metallurgical future. Direct downsizing of... 09.10.2020  11:35

• ArcelorMittal Poland permanently closes its raw materials department in Krakow ArcelorMittal attributes this decision to the macroeconomic situation resulting from the pandemic. “Virtually all steel industries have limited their activities; some of them decided to temporarily close their factories. Macroeconomic data show that the likelihood of a quick recovery in steel d... 09.10.2020  11:04

• Exports of rolled metal products of South Korea in September grew by 7.7% y /y South Korea's exports rose 7.7 percent year-on-year in September for the first time in seven months. They rose 3.6% in February but fell for six months in a row due to COVID-19. Whether the recovery in Korean exports will continue in the fourth quarter remains unclear as uncertainties persist such... 08.10.2020  10:45

• Huge investments in new ones are being made in steel projects despite Covid - 19 The Southeast Asian Iron and Steel Institute (SEAISI) warned that large investments by regional steel producers in new steel projects could lead to a potential overcapacity situation. According to the association, there has been a significant increase in investment in converter steel mills in... 08.10.2020  10:41

• ICRA Finds First Signs of Revival in India's Steel Sector Credit Rating Agency ICRA Limited announced that it found the first signs of recovery in India's steel sector early in the second quarter of this fiscal year. Steel production and demand in the country have been heavily impacted by the outbreak of the coronavirus pandemic and the nationwide... 08.10.2020  10:38

• German minister rules out nationalization of Thyssenkrupp Germany is downgrading hopes for state aid to the ailing metallurgical enterprise of the unprofitable conglomerate Thyssenkrupp. German Economy Minister Peter Altmeier said: “I don't believe that nationalization is the right answer at the moment. Such a step will not solve the problems of the i... 07.10.2020  14:01

• Severstal supplies steel for the nuclear icebreaker PJSC Severstal has manufactured and supplied rolled metal products for the construction of the head nuclear icebreaker of Project 10510, LK-120Ya, code "Leader". The construction of the nuclear-powered ship began at the Zvezda shipyard in Bolshoy Kamen, which belongs to Rosneft. The ship will... 07.10.2020  13:54

• Steel prices rise for the fourth month in a row The rise in prices this month is the fourth consecutive monthly increase as domestic demand from the largest steel producers shows clear signs of recovery. However, concerns remain over the steady rise in Covid cases following the government's gradual unblocking of economic activity. The... 07.10.2020  12:06

• Steel production in France fell in August compared to the previous year According to statistics from the French Steel Federation (FFA), crude steel production in France in August was about 720,000 tons, down 31.1% from 1.05 million tons in the same month a year earlier. In the first eight months of this year, crude steel production in France was down 27.5% from the... 06.10.2020  14:01