Metallurgy news

• Naveena Group to Build Environmentally Friendly Plant at Qasim Port in Karachi The Naveena Group, a conglomerate that focuses on wind energy and other business sectors, on Sunday announced the launch of Naveena Steel, its green steel plant located in the port of Qasim in Karachi. The group will showcase Pakistan's first induction heating system at its Italian plant, using... 06.07.2020  10:31

• UK government grants emergency loan to Celsa Steel The UK government has provided an emergency loan to Celsa Steel to enable the company to continue trading and provide over 1,000 jobs. As part of the loan, which is expected to be fully repaid, the company must meet a number of legally binding conditions. These include commitments to protect jobs... 06.07.2020  10:29

• Zaporizhstal production results in June 2020 In June 2020, Zaporizhstal produced 366.2 thousand tons of pig iron, 310.7 thousand tons of steel, 259.1 thousand tons of rolled metal. Compare June 2020 production to June 2019 The volume of pig iron production in June 2020 amounted to 366.2 thousand tons, which is 27.9% higher than in June... 03.07.2020  11:37

• Increased Chinese Incentive Threatens Latin American Steel Sector Latin American Steel Association Alacero said that while the novel coronavirus pandemic is dampening demand in global markets, Chinese exporters have increased their tax breaks by 1,464 products since March 20. The export commodity tax deduction rate for steel products such as wire rod rose from... 03.07.2020  11:13

• Steel industry and trends in ferrous metallurgy Steel producers and scrap processors around the world noted that the iron and steel and ferrous scrap markets are seeing a slow recovery amid uncertainty due to the impact of Covid-19. In general, in June there was a noticeable improvement in market conditions compared to April. According to... 03.07.2020  10:47

• India must increase per capita steel consumption According to Steel Minister Dharmendra Pradhan, India has sufficient capacity to produce steel, but it still lags behind in consumption. “We have significantly increased our production capacity. However, there is huge growth potential in terms of increasing steel consumption per capita, which is ... 02.07.2020  12:09

• An unprecedented crisis in the steel industry ArcelorMittal, one of the largest steel producers in the world, owns one of the steel mills in Spain. Unofficial information in the media indicates that the group may, due to high costs, stop producing steel there; instead, he would manufacture it in Brazil and ship it to Spain from there. It's... 02.07.2020  11:51

• US steel groups look to USMCA agreement The American steel industry hopes the entry into force of the agreement between the United States, Mexico and Canada will boost steel demand in North America, steel industry groups said on July 1, when the new trilateral trade agreement went into effect. “For US steelmakers, Canada and Mexico a... 02.07.2020  11:47

• Voestalpine Railway Systems strengthens its market position Voestalpine Railway Systems is the world leader in the market for complete rail infrastructure systems including rails, switches and digital signaling technologies. With the acquisition of a safe house in France and new stakes in China and Argentina, the Group is expanding its international... 01.07.2020  12:58

• Hyundai Steel to increase supply of ultra-high steel to automakers Hyundai Steel said it will accelerate the development of high-strength steel materials to reach the top position in the global automotive market. The company expects to obtain quality certifications from car manufacturers in Europe and China in order to increase its competitiveness around the... 01.07.2020  12:50