Metallurgy news

• 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

• China's stainless steel production could reach 30 million tons in 2019 According to official statistics from China, total stainless steel production in China this year could reach 30 million tons, an increase of 12.36% year on year. Moreover, domestic demand for stainless steel this year will be about 25 million tons, an increase of 15.15%. Although the global... 26.12.2019  10:10

• Record development budget adopted in Mariupol At the XLVIII session of the city council, the deputies voted for the "Program of economic and social development of Mariupol for 2020", which provides for the development budget for the next year at the level of UAH 1 billion 200 million. The expected budget, upon receipt of subventions from the... 24.12.2019  13:19

• GFG Alliance Applies To Purchase Bayou Steel In USA GFG Alliance Liberty subsidiary BSG Holdings Inc is set to pay US $ 28 million for Bayou Steel with plans to reopen a closed Louisiana steel mill. On December 21, a US court announced the bankruptcy of Bayou Steel Black Diamond and that it had selected Liberty as the winner of the tender. Delaware... 24.12.2019  13:14

• ArcelorMittal to sell 50% stake in Global Chartering Limited ArcelorMittal has signed an agreement with DryLog Ltd to sell a 50% stake in Global Chartering Limited, its wholly owned shipping business, and will subsequently establish a 50/50 shipping joint venture with DryLog. The deal is expected to be completed by the end of 2019. GCL currently operates 28... 24.12.2019  13:11

• Japan's steel production fell by more than 10% in November Japan's total crude steel production in November of this year was about 7.7 million tonnes, up about 10.6% year-on-year, also for the fifth consecutive month, according to a report by the Japan Iron and Steel Federation (JISF). downward trend. In November, Japan's average daily crude steel... 24.12.2019  13:09

• Steel production in India may increase by 13 million tons According to statistics, total steel production in India by fiscal 2022 may increase by 13 million tons. The main reason for the significant increase in capacity was due to the fact that many domestic factories decided to expand the skill of their enterprises, such as JSW Steel, Tata Steel and... 23.12.2019  09:35

• Global steel production continues to decline Monthly crude steel production in 64 countries reporting to the World Steel Association (worldsteel) fell slightly this November by 1.0% year on year. World steel production was 147.791 million tonnes during the month, compared with 149.356 million tonnes recorded in the same month a year... 23.12.2019  09:33