Metallurgy news

• Tata Steel to Consider Share Split Offer May 3 Tata Steel Ltd's board of directors will consider a share split proposal on May 3 and also recommend a dividend, the Indian steelmaker said in a statement on Sunday. Without specifying the share split ratio, it was said that the May 3rd meeting would consider a share split with a par value of... 18.04.2022  13:29

• Blast furnace capacity utilization in China reaches 86.42% in second week Between April 8 and 14, the blast furnace utilization rate among China's 247 steel mills increased for the second consecutive week by another 1.48 percentage points from a week to 86.42%, according to Mysteel research, as some steel mills in North and East China resumed work. operations. During... 18.04.2022  13:23

• ArcelorMittal buys 80% of HBI plant in Texas Global steelmaker ArcelorMittal plans to acquire an 80 percent stake in Voestalpine's hot briquetted iron (HBI) plant in Corpus Christi, Texas. ArcelorMittal will spend about $680 million to buy an 80% stake in Austrian Voestalpine, with the facility valued at $1 billion, Voestalpine... 18.04.2022  13:21

• ArcelorMittal buys 80% of HBI plant in Texas Global steelmaker ArcelorMittal plans to acquire an 80 percent stake in Voestalpine's hot briquetted iron (HBI) plant in Corpus Christi, Texas. ArcelorMittal will spend about $680 million to buy an 80% stake in Austrian Voestalpine, with the facility valued at $1 billion, Voestalpine... 18.04.2022  13:17

• The price of iron ore is rising Iron ore prices rose as investors awaited the Chinese government's move to lift the economy, which is suffering from a recent spike in Covid-19 cases. The 62% iron benchmark fine imported to northern China changed hands at $152.25 a ton during morning trading, up 1.06% from Wednesday's close,... 17.04.2022  10:11

• Russian-Ukrainian war led to a shortage of steel in Finland The Finnish construction industry is experiencing unprecedented hardship due to the war in Ukraine. According to the Finnish Construction Industry Confederation, about a quarter of the steel used in Finland comes from Russia, Ukraine and Belarus. Not only the construction sector, the shortage... 16.04.2022  11:16

• SSAB Americas raises plate prices SSAB Americas has announced a $60 per tonne price increase for long products for US customers. In addition, the company has decided to raise the price of the same product by about US$55/t for customers in Canada. It became known that the price increase took effect immediately with new orders.... 16.04.2022  11:14

• Rinat Akhmetov's Metinvest will donate 900 tons of steel for the manufacture of body armor for the Armed Forces of Ukraine The Metinvest Group of Rinat Akhmetov and Vadim Novinsky will donate 900 tons of steel, which will be enough to produce about 80,000 body armor for the Armed Forces of Ukraine and terrorist defense. This was reported in the press service of the group on Friday, April 14. Another 10,000... 15.04.2022  11:36

• Beijing announces additional measures to stabilize the economy According to a government statement released late Wednesday, the Chinese State Council's cabinet meeting on Wednesday announced a series of new measures aimed at stabilizing the economy, including stimulating consumption, supporting foreign trade and reducing the reserve ratio of commercial... 15.04.2022  11:22

• Japanese steelmakers raise prices Japan's biggest steel producers are raising prices for the metal used in everything from cars to skyscrapers and are warning there's more to come. According to a company spokesman, the steel division of JFE Holdings Inc. will raise prices for all products by 20,000 yen ($160) per tonne from... 15.04.2022  11:20