Metallurgy news

• US steelmakers announce second round of price increases American steelmakers have raised their list prices in the past few days. This follows an initial announcement in late April /early May when US mills tried to draw a line to stem the recent drop in steel sales prices. Measures to block the coronavirus have led to a sharp decline in demand. Local... 28.05.2020  11:14

• Results of metallurgical production in Ukraine for 4 months of 2020 The results of the production of MMC of Ukraine for the first 4 months of 2020 indicate a continued decline in all types of metallurgical production, which is associated not only with the COVID-19 pandemic, but also with the general situation in the global steel market starting from the third... 27.05.2020  11:02

• ArcelorMittal Italia unveils new revival plan for the Ilva steelworks Italian media reported that after recent talks with government officials on the fate of the former Ilva iron and steel works in southern Italy, it is now expected to present its industrial plan for the refurbishment of the plant sometime in early June, as the state will play a direct role in... 27.05.2020  10:57

• China leads the recovery in metals demand China is leading the metals markets, analysts said, eager to recover from the coronavirus pandemic, as trade tensions with Australia and the US could eventually drive up costs and curb growth. As spot prices for iron ore close to $ 100 per tonne CFR in China this week, the shipping market has... 27.05.2020  10:51

• Tata Steel running at 50% capacity Tata Steel CEO Mr. T.V. Narendran, during a video conference call with the company's suppliers and ancillary production owners last week, said, "The ongoing lockdown forced the company to start the plant at 50% capacity, but it has improved our efficiency." He added: “Demand from the domestic m... 26.05.2020  11:22

• World steel production in April 2020 decreased by 13% World crude steel production for 64 countries reporting to the World Steel Association was 137.1 million tonnes in April 2020, down 13.0% from April 2019. China produced 85.0 million tonnes of steel in April 2020, an increase of 0.2% over April 2019. India produced 3.1 million tonnes of crude... 26.05.2020  11:18

• Economic and steel market prospects 2020-2021 - EUROFER The European Steel Association EUROFER said that “the outbreak of COVID-19 has resulted in lower steel consumption forecasts and a lower overall economic forecast. Shutdown measures taken by governments since March 2020 have seriously impacted production activity and the use of steel in industry. H... 26.05.2020  10:56

• Bayou Steel's laid-off workers sue owners A group of former Bayou Steel employees are suing the former owners of the LaPlace plant, claiming they deliberately waived their employment contract without warning before closing the plant last year. Their lawsuit alleges that Black Diamond and owner Stephen Deckoff negotiated a new employment... 22.05.2020  10:26

• TMK announces first quarter results PJSC TMK, the world's leading manufacturer of tubular products for the oil and gas industry, announces interim consolidated financial results under IFRS for the three months ended March 31, 2020. TMK CEO Igor Korytko said: “In Q1 2020, the Group showed a weaker quarter compared to the same period l... 22.05.2020  10:23

• China Accelerates Infrastructure Investment Supporting Steel Demand China has accelerated its pace of approvals for new infrastructure projects in 2020, and more support is expected to be announced during the "two meetings" starting this week in Beijing, which will boost steel demand. China approved nine airport projects in January-April with a total investment... 21.05.2020  15:15