In August 2020, Primetals Technologies received an order from HBIS Group Handan Iron and Steel to upgrade an existing BOF converter in the steel plant in Handan in China to a Kombinierter Oxygen Blown Bottom Maxhutte, KOBMconverter including the complete automation system. Compared to a BOF converter, the combined blowing ..read more

The UK steel sector breathed a sigh of relief this morning as the European Commission has, at last, published proposed Tariff Rate Quota allocations for the UK steel exports into the EU from 1 January 2021. Without this UK specific allocation of steel export tariff-free quota, the UK sector could have faced an £80m bill, from EU Steel Safeguard tariffs in the first half of next year. Whilst the sector now carefully considers the detail of the UK allocation proposals, it is clear ..read more

According to the complaint filed on Friday, CMC and Gerdau Reinforcing Steel, both in the rebar fabrication and installation business, responded to PSG's entry by bidding on construction projects below cost to try to starve PSG of revenues and drive it from the market. As alleged, PSG's more efficient operations ..read more

Reuters reported that Kloeckner & Co does not expect any developments with regard to a potential tie-up with larger peer Thyssenkrupp in the near-term. Kloeckner chief executive Gisbert Ruehl said “Of course you cannot rule out anything in the future, who knows what will happen in five or ten years ..read more

TMK’s Seversky Pipe Plant has awarded SMS group the Final Acceptance Certificate for a heat treatment line for tubes and pipes at its Polevskoy site in Russia’s Sverdlov region. The line is one of the world’s most productive facilities with an annual capacity of up to 300,000 tons of pipes with diameters between 168 and 370 millimeters, a wall thickness of up to 40 millimeters and lengths of up to 13.5 meters ..read more

NLMK Group has established a centre to process and analyze data collected using unmanned aerial vehicles at its mining facilities. Drones will be used in the open-cast mine for prospecting and monitoring the condition of the roads, heat networks, power lines, and other infrastructure elements. The gain from expanding the use of UAV technology is estimated at RUB 100 million per year ..read more

Metinvest BV announced its operational results for the third quarter and nine months ended 30 September 2020. Operational Highlights (kt) 3Q2020 2Q2020 ..read more

US Equal Employment Opportunity Commission in a lawsuit EEOC charged that Mobile Alabam headquartered stainless steel manufacturer Outokumpu Stainless USA LLC violated federal law by refusing to hire an applicant because of his use of medication prescribed by his doctor for anxiety and panic attacks, the. According to the EEOC’s lawsuit, the applicant was offered an entry operator position at Outokumpu’s Calvert facility contingent upon passing a physical exami ..read more

Kloeckner shipments totaled 3.7 million tons in the first nine months, representing a drop of 16.4% relative to the prior-year period. This decrease is primarily attributable to the impact of the COVID-19 pandemic and affected all operating segments, whereby the business in Switzerland was relatively less affected. In line with the decreased shipments, sales also fell more sharply due to lower price levels, down by 21.2% from EUR 4.9 billion to EUR 3.9 billion. Adjusted for ..read more

Hoa Phat Group sold 383,000 tonnes of steels in October including 133,000 tonnes of steel billet and 250,000 tonnes of finished steel, posting 13 per cent year-on-year increase. The group also shipped nearly 62,000 tonnes of finished steel to foreign markets, 4.3 times higher than the corresponding period last year. During last month, the Central region was continuously affected by storms and floods. Unfavorable weather conditions are the main reason for the slower gro ..read more