Metallurgy news

• Russian metallurgical giants plan to enter the European market through online sales As demand for steel grows in Europe, two large block suppliers are relying on online stores to help attract new customers. This may not sound like a groundbreaking plan. Online shoppers around the world can already order anything from a prefab house to a human skull, however European steel shoppers... 22.08.2019  12:50

• ArcelorMittal Weirton will lay off 100 employees The production slowdown at ArcelorMittal's Weyrton mill will mean about 100 workers will be laid off in phases starting this week. ArcelorMittal said: “To maintain its position as a competitive and sustainable tin sheet manufacturer, ArcelorMittal Weirton will lay off about 100 employees i... 22.08.2019  12:47

• Ukraine can replace a billion cubic meters of Russian gas with its garbage Thanks to the generation of energy from garbage, Ukraine can replace the equivalent of up to a billion cubic meters of natural gas annually. “Garbage is a resource that can be turned from an environmental problem into an energy source and a growth point for the domestic economy,” said Sergei Sav... 22.08.2019  11:18

• Ukraine's current coal reserves have almost halved The current coal reserves in Ukraine have almost halved compared to 2018. This was reported by Olesya Tsuprik, expert of the department for research of oil product markets and industrial and raw materials resources of the State Enterprise Derzhzovnishinform. According to the information of the... 22.08.2019  11:08

• Amtek Auto creditors angry at Liberty Group's Sanjiv Gupta The Mint said that when the insolvency court of appeal last week ordered the liquidation of the bankrupt Amtek Auto Ltd, creditors lost hope of recovering much of the Rs 12,603 ​​crore fees that the once-thriving auto parts manufacturer had to pay. Many of Amtek's creditors are now channeling the... 21.08.2019  12:08

• Turkish buyer British Steel plans to increase production at Scunthorpe plant Oyak, a Turkish military fund that has been selected as the preferred bidder for the purchase of British Steel's distressed assets, has announced that it is seeking to improve productivity in its mills, which in turn could result in the loss of several hundred jobs. According to the company, the... 21.08.2019  10:44

• Chinese firm invests in the construction of a metallurgical plant in Vietnam Chinese steel company Mintal Group Co. Ltd has expressed a desire to build a $ 2 billion Ferocrom stainless steel and non-ferrous metals plant in the Ngi Son economic zone in central Thanh Hoa province. This issue was discussed at a recent meeting of representatives of the Mintal group and the... 21.08.2019  10:27

• US Steel announces layoffs at Michigan plant Pittsburgh-based Steel Steel has announced a layoff at its Great Lakes steel mill in Michigan. The company has issued Worker Adjustment and Retraining Notices (WARN) to fewer than 200 employees at the plant. This follows from the company's decision to stop production at the plant. The layoffs at... 20.08.2019  12:32

• Workers' unions unite and communities welcome British Steel Development Unite, the largest union in the UK and Ireland, has welcomed the announcement that Turkish Armed Forces Fund Oyak has entered into negotiations with Ernst and Young's administrators to buy British Steel, which was forcibly liquidated in May. Harish Patel, National Steel Officer for Unite, said:... 20.08.2019  12:23

• Analysis: China's steel production growth in line with domestic real estate demand China's apparent steel consumption rose 8.9% year-on-year to 526.76 million tonnes in January-July and will be robust enough to cope with the rise in steel production this year, according to S&P Global Platts estimates. Consumption growth has been growing in tandem with the start of new real... 20.08.2019  12:07