Metallurgy news

• Fed: US economy needs additional stimulus Many industries and cities in the United States still have a long way to go to resume operations, according to a speech by Raphael Bostic, 15th President of the US Federal Reserve Bank. The Covid-19 pandemic has caused many Americans to lose their jobs, and one of the main policies of the new US... 02.02.2021  11:24

• Global steel production ends 2020 on a good note World crude steel production continued to grow in December 2020. The monthly production statistics released by the World Steel Association (worldsteel) indicate a 5.8% increase in production from the same month a year earlier. Production in December 2020 in the 64 countries represented by the... 02.02.2021  10:52

• Will China Really Cut Steel Production? China's huge steel sector and the iron industry that powers it are grappling with a seemingly conflicting policy impulse that it should produce less this year, even as demand remains strong amid post-pandemic stimulus spending. In 2020, China produced a record 1.05 billion tonnes of steel,... 02.02.2021  10:39

• ArcelorMittal invests in biogas ArcelorMittal and biomass processing company Vow ASA have signed a letter of intent to build a biogas plant in Luxembourg. The pilot project should provide a quarter of gas to the plant. Preparations for the construction of the first dedicated biogas plant for steel production are under way at... 02.02.2021  10:36

• AM /NS applied to increase steel production capacity to 14 million tonnes ArcelorMittal AM /NS India has applied for environmental permits to expand its smelter from 9.6 million tonnes of liquid steel per annum to 14 million tonnes of liquid steel in the Hazira Notified Industrial Zone, Surat District, Gujarat. “Our long-term production targets of 12 to 15 million t... 01.02.2021  10:18

• Steel inventories of Chinese mills rose 5.7% over the week Inventories of five major finished steel products at 184 Chinese steel mills began to grow rapidly as demand from end-users declined further with the upcoming Chinese New Year holiday on February 11-17. The total inventories of the five main finished steel products, including rebar, wire rod,... 01.02.2021  10:12

• Swedish SSAB refuses to buy Dutch Tata Steel Swedish steelmaker SSAB has completed negotiations on a potential acquisition of Dutch steelmaker Tata Steel, said Friday, adding a new twist to the ongoing consolidation of the European steel sector. In November, SSAB announced that it was in talks to buy IJmuiden, prompting funding concerns from... 01.02.2021  10:09

• ArcelorMittal Kryvyi Rih put into operation a new locomobile ArcelorMittal Kryvyi Rih has started using the new Unimog shunting locomotive in the work of the railway workshop No. 3. The company allocated about UAH 15 million for the purchase of a multifunctional wheel-rail tractor produced by the German company ZAGRO based on Mercedes-Benz. He is able to... 30.01.2021  10:54

• The Dneprovsky Metallurgical Plant has started overhaul of the stove # 6 of blast furnace # 1M According to Vladislav Lazebny, deputy chief of the blast-furnace shop for engineering, the main task of repairing air heater No. 6 is to restore the refractory lining of the furnace combustion chamber by the method of semi-dry gunning. After dismantling the plugs, separating the valve and smoke... 29.01.2021  12:47

• In 2020, China produced 78% of the total volume of Asia Steel production statistics published by the World Steel Association (worldsteel) suggest an almost 1.6% increase in production in the Asian region in the previous year. Among the major regional producers, China showed production growth, while Japanese and Indian production declined compared to... 29.01.2021  11:01