Metallurgy news

• Steel prices in China show signs of recovery Steel prices in China have recently shown signs of recovery, which strengthens the expectations of Korean steel companies for a normalization in prices. Hot rolled steel sheet prices in China rose from $ 451 per tonne on February 28 to $ 454 on March 6, according to industry sources on March 17.... 19.03.2020  10:21

• ArcelorMittal closes steel mills in Italy Luxembourg-based ArcelorMittal has announced its decision to temporarily halt production at its facilities in Italy. The company has decided to close several businesses in the country due to the devastating coronavirus outbreak in the country, which has already claimed thousands of... 19.03.2020  10:19

• ArcelorMittal Kryvyi Rih is preparing to start construction of a new dump "Stepnoy-2" ArcelorMittal Kryvyi Rih starts the preparatory phase of construction of the new Stepnoy-2 dump. This dump provides for the storage of oxidized ore, together with magnetite ore is mined in the quarry No. 3 of the enterprise. Stepnoy-2 will be located on the slopes of the top of the Dyakov gully... 18.03.2020  10:26

• US Steelworkers' Union Calls for Protect Workers During COVID-19 Coronavirus As the global pandemic COVID-19 coronavirus spreads around the world, unions, including United Steelworkers, are demanding increased protection and support for workers. USW National Director Ken Neumann said: “As the federal and provincial governments of Canada take action to contain the spread of t... 18.03.2020  10:11

• Voestalpine measures against the spread of the coronavirus COVID-19 in Austria Austrian steelmaker Voestalpine is evaluating which types of production activities can be continued, cut back or stopped due to the spread of the coronavirus. He said: “The health of our employees is of the utmost importance to voestalpine. The company began to take action appropriate to the s... 18.03.2020  09:49

• EU Action Plan for a Circular Economy The European Steel Association welcomed the release of the Circular Economy Action Plan. The Sector believes that the Action Plan is an important step in the development of a truly circular economy in Europe. However, there is a lack of incentives for the use of scrap steel in the EU, undermining... 16.03.2020  10:25

• US Federal Reserve Cuts Rates To Zero As Coronavirus Spreads On an emergency basis on Sunday, the US Federal Reserve announced that it would cut its benchmark interest rate to zero and begin a new round of quantitative easing, involving the purchase of $ 700 billion in assets for Treasuries and mortgage-backed securities. The new federal funds rate, used as... 16.03.2020  10:19

• New Danieli High Speed ​​Rolling Mill for Real Steel Real Steel has contracted Danieli to supply a new high speed rolling mill for the production of wrought bars ranging from 10 to 32 mm in diameter, ranging from square billets with a diameter of 150 mm and weighing up to 2000 kg. The plant will be installed in Pampanga, San Simon province,... 16.03.2020  09:26

• Sharp growth in Chinese steel stocks impacts Korean steel industry China's steel inventories rose to a record high, putting pressure on Korean steelmakers. The Korean steel industry is struggling with the spread of the COVID-19 virus. Steel inventories in China have risen to a record high due to delays in production and construction, and Chinese steelmakers are... 13.03.2020  10:24

• Results of production and consumption of rolled metal in Ukraine for 12 months of 2019 In 12 months of 2019, Ukrainian metallurgical enterprises produced 18.20 million tons of rolled metal (99.1% compared to the same period in 2018), of which about 14,940,000 tons, or 82.1%, were exported. In the same period of 2019, the share of exports was about 78.5% (14,420,000 tons with a total... 13.03.2020  10:09