Metallurgy news

• Baowu Group may surpass ArcelorMittal as the largest steel producer Chen Derong, chairman of the Chinese steel company Baowu, said in his New Year message that “China Baowu successfully reorganized the Maanshan Iron and Steel Group in 2019 to gain de facto control over Chongqing Iron and Steel. The group company will achieve 96 million tonnes of steel, and Baowu's c... 06.01.2020  11:38

• Indian government policy should boost steel demand While an increase in infrastructure construction and a gradual recovery in some downstream industries could boost steel demand in India, a recovery in demand growth will continue to depend on the financial position of the Indian government, and this will determine whether the Indian government can... 03.01.2020  11:37

• Philippine Steel Mills Advocate Strict Steel Quality Control Philippine steelmakers have asked the Department of Commerce and Industry at the national level to take over control of mandatory products to strengthen the fight against substandard products. Roberto M Cola, President of the Philippines Iron and Steel Institute, said: “DTI must once again take o... 03.01.2020  11:31

• 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