Metallurgy news

• China pledges to cut steel production China will secure a cut in crude steel production in 2021 and will launch a nationwide investigation into the cuts in steel capacity from 2016 as the country strives to meet its emission reduction targets. China, the world's leading steel producer, has launched a campaign to eliminate obsolete... 05.04.2021  12:55

• German authorities rejected environmental objections to Nord Stream 2 Environmentalists from NABU and DUH are protesting against the consent of the authorities to lay a section of the gas pipeline in the economic zone of Germany. The German authorities considered the environmental concerns unjustified. In Germany, two environmental groups have failed in an attempt... 05.04.2021  12:44

• Zaporizhstal increased production of rolled metal by 7.2% In January-March 2021, the Zaporozhye Metallurgical Plant increased its output of rolled products by 7.2% compared to the same period last year - up to 855.5 thousand tons. According to the published press release, steel production during this period increased by 4.4% - up to 1 million 2.6... 02.04.2021  13:11

• Severstal confirms its goal to reduce greenhouse gases PJSC Severstal has developed an energy efficiency strategy that will largely ensure the achievement of the company's goal of reducing the company's greenhouse gases by 3% by 2023. According to Severstal CEO Alexander Shevelev, with the company's goal to reduce the intensity of greenhouse gas... 02.04.2021  12:58

• Liberty Steel owner Gupta warns creditors Liberty Steel owner Sanjeev Gupta said there was huge interest in his company from financiers looking to refinance billions of dollars in debt to Greensill Capital, and warned lenders against actions that would lead to the destruction of thousands of jobs. “We actually have huge interest from n... 01.04.2021  10:55

• Metinvest will increase wages for workers from May 1 During April, the company will apply a differentiated approach to the revision of salaries and will report how the salaries of various categories of employees will increase. Prerequisites for an increase Metinvest values ​​highly the contribution of its employees and intends to continue to be ... 01.04.2021  10:48

• Price increases expected in April 2021 The rise in prices is associated with a change in world prices, an increase in the dollar exchange rate, as well as an increase in the consumption of metal products, both in the world market and in the domestic market, which causes a shortage of steel and creates preconditions for producers to... 01.04.2021  10:44

• Asia will be hit by "steel tsunami" very soon The looming cut in China's export rebates from 13% to 9% is likely to drive prices up in the coming months. Asia will soon be hit by a "steel tsunami," as an analyst in Vietnam recently said. “We are already seeing this effect now as India is the only supplier of HRC to Vietnam,” he sai... 01.04.2021  10:02

• Exports of Russian pig iron to the United States decreased Over the past 12 months of 2020, according to customs statistics, exports of Russian-made pig iron to the United States amounted to 1.32 million tons, or 31.5% of all Russian exports of these products. In relation to 2019, the supply volumes decreased by 26.5%. About 50% of shipments were... 31.03.2021  13:43

• Metinvest's revenue increased in January In January 2021, the revenue of Metinvest B.V. (Netherlands), the parent company of the Metinvest mining and metallurgical group, increased by 1.5%, or $ 15 million, compared to December 2020 - to $ 1.031 billion from $ 1.016 billion. According to the presented report, the adjusted EBITDA of the... 31.03.2021  13:22