Metallurgy news

• Metinvest's Italian subsidiaries reopened Italian factories Metinvest Group, Ferriera Valsider and Metinvest Trametal have resumed normal operations after the expiration of a decree from the Italian government to suspend work at the country's metallurgical plants due to the COVID-19 coronavirus pandemic. Ferriera Valsider resumed... 07.05.2020  12:31

• US Steel posted a net loss in Q1 2020 Pittsburgh-based United States Steel Corporation (US Steel) reported a net loss of $ 391 million, or $ 2.30 per diluted share, in the first quarter of this year. This compares to net income of $ 54 million or $ 0.31 per diluted share in the corresponding quarter last year. The company reported... 06.05.2020  10:53

• Russia will become the leading exporter of coal within a decade Russia, the world's largest coal-mining country, plans to increase production and exports over the next 15 years. Russia's share of the global coal export market is projected to rise to 25 percent from the current 11 percent. According to the draft state strategy document issued by the Russian... 06.05.2020  10:47

• Iron ore and metallurgical coal production virtually unaffected by COVID-19 It is quite common when only one country or a very small number of countries dominates the global supply in product markets. For example, OPEC countries, together with Russia and the United States, dominate the global supply of crude oil. Steel materials are no exception. Australia is by far the... 05.05.2020  10:07

• Steel industry in India partially resumes operations The Indian steel industry has begun a gradual resumption of production despite no clear indication of when the nationwide lockdown due to the coronavirus pandemic will be lifted completely. The government extended the ban until May 17, which was due to expire on Sunday. It was expanded as there... 05.05.2020  09:39

• US Steel cuts production and thousands of workers US Steel plans to suspend blast furnace operations at Gary Works and temporarily lay off up to 6,500 workers nationwide in response to the coronavirus pandemic. The company has filed an application with the US Securities and Exchange Commission, saying it plans to issue an adjustment and retraining... 04.05.2020  10:42

• Economic Impact of the COVID-19 Outbreak in China Chief Representative of Worldsteel's Beijing Office and Adviser for Economics, Commodities and Markets, Mr. Frank Zhong wrote: “Since mid-February, the situation in China has improved significantly. Most provinces have not reported any new internal infections for over six weeks. However, it is s... 01.05.2020  12:29

• Will the drop in oil prices lead to a drop in world steel prices? Oil prices have plummeted in recent months. This raises concerns among market participants that a drop in steel prices, similar to the one recorded in 2015, could occur. In December of that year, the average global MEPS hot rolled coil deal price fell by about $ 100 per tonne below the lowest... 30.04.2020  12:02

• Japan's steel production at its lowest level in 10 years Crude steel production in Japan has fallen over the past three quarters to levels not seen since 2009, when the industry is facing closures of production and construction sites caused by the coronavirus pandemic, exacerbating the challenges posed by existing cold domestic demand and export... 30.04.2020  11:55

• Iranian Steel Association reports declining exports The Steel Producers Association of Iran warned of a decrease in steel exports from Iran and foreign exchange earnings due to the Covid-19 pandemic and government export restrictions. Steel exports from Iran could be 3.5-5 billion dollars a year, if not for the restrictions imposed by the... 30.04.2020  11:46