Metallurgy news

• European Commission changes the quota system for steel imports in the EU The European Commission has published the results of its second investigation looking at the security measures introduced by the European Union in relation to the import of steel products. The comprehensive package, which came into force on July 1, applies all available legal means to protect the... 01.07.2020  11:34

• Tata Steel closes Jamadoba coal mine against COVID19 fears Tata Steel announced the temporary closure of its Jamadoba coal mine after a mine manager tested positive for Covid-19 on Thursday evening. Tata Steel spokesman Rajesh Thakur said: “Mining operations have been halted as a precautionary measure to stop the spread of the coronavirus and clean up at t... 30.06.2020  12:33

• Thyssenkrupp Materials Services & mantro establishes a joint venture for steel processing As part of its further strategic development of Materials as a Service, Thyssenkrupp Materials Services is opening up new opportunities and investing in an innovative business model: for the joint venture, the company acquired Mantro, an experienced construction company. Together with a... 30.06.2020  12:27

• Steel market in China will remain balanced Platts estimates China will reach a record 1,016 million tonnes of steel production in 2020, up from 996 million tonnes in 2019, and reach the 1 billion tonne mark for the first time. Infrastructure-related manufacturing in China such as machinery and power generation is expected to drive strong... 30.06.2020  10:33

• Tata Steel workers on strike at the Ijmeiden plant in Holland The Netherlands Trade Union Confederation FNV said Tata Steel Netherland workers went on strike for the second time in three days on Sunday to protest planned job cuts in the Netherlands. On Sunday, employees stopped working for eight hours after the Friday night strike. Workers have ceased work... 29.06.2020  21:18

• German steel production fell 27% in May German steel production fell 27 percent to 2.6 million tons in May from the same month last year, the German Steel Federation (WV Stahl) said Wednesday. In April, crude steel production in Germany had already dropped by 24 percent, and WV Stahl warned that “steel demand could fall to an even l... 26.06.2020  10:59

• Tata Steel workers in Holland suspend strike Employees at Tata Steel's Dutch plant in Ijmeiden have put a strike on hold after the company announced it was willing to negotiate. Union CNV said workers gave Tata two days to offer a proposal to meet their demands after the company invited unions to return to the negotiating table. CNV spokesman... 26.06.2020  10:43

• Metalloinvest closes ECA financing deal with ING Bank Metalloinvest announced the signing of an agreement with ING Bank to finance ECA in the amount of € 11.7 million. The agreement with ING Bank was concluded in accordance with the current framework agreement signed with twelve international banks in August 2019. The line of credit will be used to ... 26.06.2020  10:40

• Daily Crude Steel Output Increases at Key Chinese Mills Steel production in China maintained moderate growth in mid-June, en route to a new all-time high monthly production, as decent profit margins supported production growth. On Tuesday, the China Metallurgy Association (CISA) reported that crude steel production at its major plants in China... 25.06.2020  11:40

• British government project Birch to support Tata Steel UK The Financial Times reported that an agreement to bail out Tata Steel UK should be negotiated with the government within a few days, which will help save around £ 8,000. the government project Birch. Chancellor Rishi Sunak sanctioned the project during the pandemic as a means of saving ... 25.06.2020  11:31