Metallurgy news

• Celsa Group counts on government funding Spanish steel supplier Celsa Group is considering applying to a Spanish government aid fund to help overcome the impact of the Covid-19 crisis on its business. “The company is currently scrutinizing the conditions disclosed by the solvency fund and the possibility of using temporary government a... 17.09.2020  13:39

• ArcelorMittal Kryvyi Rih has chosen a contractor for the construction of a new pelletizing plant General Director of ArcelorMittal Kryvyi Rih Mauro Longobardi signed an agreement on the creation of a project and supply of equipment for the construction of a pelletizing plant with the management of Sinosteel (China). In the conditions of quarantine in the world, the solemn signing took place... 16.09.2020  09:39

• Hydrogen as the future of metallurgy if industry in Europe survives There are many signs that the hydrogen revolution will sooner or later affect the steel industry. Before that can happen, however, the European steel industry must face the challenges of carbon dioxide emissions, an uncontrolled influx of steel from Asia or the situation created by the coronavirus... 16.09.2020  09:26

• ArcelorMittal Research to Reduce Carbon Emissions in Blast Furnaces leading steelmaker ArcelorMittal has announced a new partnership to conduct extensive research to develop an industrial solution to capture carbon from steelmaking using a blast furnace. This research is expected to contribute to a significant change in the way steel is made. The company will... 15.09.2020  12:49

• Cost increases eat up Chinese steelmakers' margins in August At China's blast furnace steel mills, most of their steel margins were cut in August by higher production costs, especially given the multiyear high prices for imported iron ore, according to Mysteel's latest monthly report. For rebar, the most popular bar in China, the average margin among 91... 15.09.2020  12:43

• US Steel announces price hikes for sheet metal According to letters sent to customers and reviewed by S&P Global Platts, US Steel announced on September 14 that it would raise its flat steel prices by at least $ 60. Although the company did not specify minimum target prices in the letter, a source at the plant and a source on the buyer's... 15.09.2020  12:35

• US Steel Sector Utilization Increases US steel production for the last week ended was 1.428 million net. Capacity utilization was 63.7%, up 2% from the previous week, according to weekly steel industry data released by the American Iron and Steel Institute (AISI). Estimated production for the last week represents a 21.2% decline... 14.09.2020  10:17

• Canada will introduce reciprocal duties on the United States The Canadian government will retaliate US $ 3.6 billion in tariffs on US products as a countermeasure to US re-imposition of tariffs on Canadian aluminum. A specific list of tariffs was to be announced. Kirsten Hillman, a Canadian diplomat appointed as Canada's ambassador to the United States,... 14.09.2020  10:15

• Imports of stainless steel to Russia increased in July According to statistics published by the Association of Consumers and Suppliers of Special Steel and Alloys (Association "SpetsStal"), in July Russia imported about 31,000 tons of stainless steel, which is 3.8% more than in the previous month. Among them, imports of stainless steel flat products... 14.09.2020  10:02

• Steel profits in China fell sharply in September due to high iron ore prices According to S&P Global Platts, the profitability of rolled steel production has fallen since the beginning of September due to high prices for iron ore and a "correction" in prices for finished steel. Domestic rebar margins have nearly halved since the beginning of the month, falling to $ 19.83... 14.09.2020  09:58