Metallurgy news

• Cleveland-Cliffs acquires AK Steel In the United States, Cleveland-Cliffs and AK Steel Holding Corporation have announced a definitive merger agreement under which Cliffs will acquire all issued and outstanding shares of AK Steel's common stock. Lorenko Gonsalves, Chairman of the Board, President and CEO of Cliffs, will lead the... 10.12.2019  10:05

• Nippon Steel continues to close blast furnaces Japanese steel giant Nippon Steel Corporation (NSC) has announced plans to close more blast furnaces in line with its strategic plan to reduce operating costs. Therefore, possible job cuts are expected due to the closure of the furnace. The company expressed concerns that its annual profit could be... 09.12.2019  09:40

• US to officially act on tariffs against Brazilian and Argentine steel U.S. President Donald Trump's announcement that the U.S. will begin enforcing Section 232 tariffs on steel and aluminum imports from Brazil and Argentina has not been officially announced by the White House. Trump said the tariffs were to take effect immediately; however, for the president to... 09.12.2019  09:29

• Negative prospects for Ukrainian metallurgy According to forecasts, in December 2019, pig iron production is expected in Ukraine at the level of 1.250 million tons; steel - 1.2 million tons; rolled metal - 1.1 million tons. Over the past few years, Ukrainian metallurgy has shown a downward trend in steel production. So, if in December... 09.12.2019  08:57

• Alacero Concerned About Mr Trump's Twitter Messages Latin American Steel Association Alacero is surprised and worried by the decision of the President of the United States, Donald Trump, to restore import tariffs on steel and aluminum from Brazil and Argentina, arguing that these countries have led to massive devaluation of their currencies,... 06.12.2019  12:19

• Hayange British Iron and Steel Works in France sold separately British Steel Jingye's Chinese buyers were reportedly furious as it was revealed that British Steel's French plant was being sold separately from the rest of the company. The deal included all of British Steel's assets, including subsidiaries such as the Hayange plant in northern France, which... 06.12.2019  09:52

• Long products price in EU will increase in December The current demand in the steel market remained stable, but not strong in the EU. However, due to the rising cost of raw materials, the price of scrap has increased even more in recent weeks. Based on this, many steel mills in the EU have tried to raise the price of long products and plate,... 06.12.2019  09:38

• Thyssenkrupp outlines a plan for the reorganization of the steel block Thyssenkrupp plans to turn the business into its biggest profit engine. He sent employees a memo stating that the company intends to increase earnings before interest and taxes at Steel Europe to an average of € 600 million in the coming years, driven by job cuts and increased auto sales, making it ... 05.12.2019  13:36

• Unions reject new ArcelorMittal Italia plan for ILVA Workers' trade unions have rejected ArcelorMittal's new plan for the former metallurgical group ILVA, which calls for 4,700 layoffs by 2023, including 2,891 immediately. Italian Industry Minister Stefano Patuanelli said that “he is disappointed with the steps back taken by ArcelorMittal. The g... 05.12.2019  13:27

• HRC prices in Asia could go up dramatically Hot rolled steel (HRC) export prices in India hit a new high. With increased demand in Asia, HRC prices in Asia are currently rising higher and higher. The main reason for the strong price was mainly due to the fact that the selling price of Indian steel companies became strong due to strong... 05.12.2019  13:20