Metallurgy news

• Baowu Steel aims to reach over 100 million tonnes of steel per year Baowu Steel Group announced that it intends to acquire a controlling stake in Chongqing Iron and Steel Co Ltd, which will effectively push the company towards its annual production target of more than 100 million tonnes per annum. Chongqing Iron and Steel Co Ltd, a Shanghai-based company, said... 03.01.2020  10:42

• To increase demand for steel, the Indonesian government plans to relocate the country's capital In accordance with government policy in Indonesia, it was decided to move the capital of the country from Jakarta to East Kalimantan. The policy should lead to a huge demand for metal products. Total demand in Indonesia is expected to reach 22.7 million tonnes by 2024, which is 50% higher than... 02.01.2020  10:37

• Ukrainian DMK announces full operation of 3 blast furnaces Dneprovsky Metallurgical Plant (DMK), one of the Ukrainian producers and exporters of billets, announced that blast furnace No. 12 would be restarted. Due to a sharp drop in prices and a decrease in demand for steel products, the operation of blast furnace No. 12 was suspended in September 2019.... 02.01.2020  10:27

• UK Steel urges government not to delay HS2 rail project British steel companies have called on the government to complete HS2 to stimulate the emerging sector. UK Steel CEO Gareth Stays told The Telegraph that the project should take place to stimulate the steel industry. He said: “The Prime Minister spoke frequently during the election campaign about u... 30.12.2019  09:49

• Currency rose sharply on the interbank market in Ukraine On the interbank currency market of Ukraine, the dollar quotes rose sharply. According to the website Finance.ua, as of 12:45 pm, the quotes amounted to 23 hryvnia, 73-76 kopecks per unit of the American currency. The National Bank of Ukraine reflected this growth only partially, setting at noon... 28.12.2019  13:05

• Philippine steelmakers unveil alternative technologies The Philippine Induction Smelting Industry Association (PISIA) has presented the Induction Furnace (IF) technology for steel making to the Ministry of Trade and Industry (DTI) in Makati City. The presentation highlighted the benefits of using IF for steelmaking in terms of equipment performance,... 27.12.2019  09:18

• South Korean Steel Makers Improve Operational Efficiency South Korean steelmakers have embarked on a reorganization to boost productivity amid a protracted recession. Posco, a leading steel producer in the country, will create a team to support cooperation in all business areas - from new product development to production and sales /marketing. In... 27.12.2019  09:12

• Ukrainian Metinvest continues to reduce pig iron production by 2020 Ukrainian steel group Metinvest has planned to continuously reduce pig iron production and increase production of slabs and steel in 2020. The goal was to reduce pig iron production to 200,000 tonnes by 2020. From January to September of this year, Metinvest's pig iron supplies amounted to 1.4... 27.12.2019  08:57

• US Uses 80.2% of 2019 Steel Capacity - AISI The American Iron and Steel Institute announced that for the week ended December 21, 2019, domestic steel production was 1,866,000 tonnes, while capacity utilization was 80.7%. For the week ended December 21, 2018, production stood at 1,861,000 tonnes, while capacity utilization was 79.4... 26.12.2019  10:16

• Explosions at Posco's Gwangyang plant Korean media reported that five people were injured in the explosions at Posco's steel mill in Gwangyang. POSCO said: “An explosion and fire occurred during the test of the waste heat generator. The ensuing fire was stopped after 21 minutes. Among the five wounded was one with serious injuries, w... 26.12.2019  10:12