Metallurgy news

• Impact of the Wuhan coronavirus on the steel industry The Wuhan coronavirus outbreak has led to an extension of the Chinese New Year holidays and the imposition of transportation restrictions to contain the spread of the virus. Demand is usually weak during this period, but production continues as usual. Every day, lost activity in China could drop... 04.02.2020  10:27

• South Korean metallurgists restructure business in China South Korean steelmakers in China are restructuring their businesses to improve their profitability amid the global economic downturn and lower product prices. For example, Hyundai Steel plans to consolidate its service centers in Beijing and Tianjin to reduce headcount and apply the same... 04.02.2020  10:23

• France opposes Jingye acquisition of British Steel France threatens to block a bailout deal that will save British Steel from collapse. French Finance Minister Bruno Le Marais told Chancellor Sajid Javid that he was against the sale of British steel to the Chinese industrial company Jingye Group. Mr. Le Maire opposes the transfer of ownership of... 03.02.2020  09:38

• US steel production declined slightly American Iron and Steel Institute (AISI) statistics show that US steel production was about 1.92 million tonnes in the week ending January 25, and capacity utilization was 80.2%, down 0.5% from data. last week respectively. As of the week ending January 25, US steel production was 6.86 million... 03.02.2020  09:34

• Japanese Nippon Steel will reduce production capacity by 10% Japan's Nippon Steel Corp., the world's third-largest steel company, is set to cut about a tenth of its steel capacity, the Nikkei business newspaper reported, in an unprecedented move for the steel industry. Nippon Steel plans to close both blast furnaces at its Kure plant “within a few years” a... 03.02.2020  09:30

• EU steel consumption to recover in 2020 - EUROFER The European Steel Association EUROFER has published its Economic and Steel Outlook - Q1 2020 report with steel data up to Q3 2019. EUROFER CEO Axel Eggert said that “2019 was another challenging year for the steel sector: levels of steel consumption and imports, which compared to 2018, were still v... 31.01.2020  11:33

• Vietnam's metallurgical industry is forecast to grow 6-8% in 2020 Steel production in Vietnam will rise slightly, by about 6-8 percent this year, the VSA said. The association said there were signs of a slowdown in the global steel market last year and consumption was not expected to improve in the first quarter of this year. Crude steel is estimated at... 31.01.2020  11:30

• ArcelorMittal divested of Italian steel mill? According to Italian media reports, ArcelorMittal was supposed to replace the entire management of its subsidiary there, recalling the international team that had run the company since the acquisition of the steel mill in Taranto. Blast Furnace 2 was expected to explode three times in the factory... 31.01.2020  11:02

• 2020 will be a milestone for the metals and mining industry It looks like 2020 will be a year of profound change for metallurgists and miners. The energy transition is the dominant driver of change and the industry is at the forefront of this story. To successfully reduce global fossil fuel consumption, the sector must be able to ensure an adequate and... 29.01.2020  10:47

• Consequences of coronavirus outbreak will lead to lower steel prices According to analysts at brokerage Jefferies, a temporary drop in steel production and demand in China due to the outbreak and related restrictions could lead to increased steel production elsewhere and increased inventories, which could lower global steel prices. Research by S&P Global Platts... 29.01.2020  10:13