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MMK and SMS group managed to implement targeted commissioning despite extremely difficult conditions

6 June 2020 - 00:51
In 2018, Magnitogorsk Iron & Steel Works (MMK), Russia, has awarded an order to SMS group covering the extensive modernization of the finishing mill mechanical equipment and the fundamental revamp of the electrical and automation system of hot strip mill 2500 at the Magnitogorsk site.

Kobe Steel turns non-standard compressor affiliate in China into subsidiary

5 June 2020 - 01:17
Kobe Steel, Ltd announces that it has turned its Chinese affiliate, Wuxi Compressor Co., Ltd., into a subsidiary after acquiring additional shares in the company in April 2020. Based in Wuxi, Jiangsu Province, Wuxi Compressor manufactures designs and sells non-standard (process gas) compressors, a core component used in petroleum refining, chemical and natural gas plants.

China pig iron buying spree extends into 2020

31 May 2020 - 04:27
Chinese demand for seaborne basic pig iron (BPI) increased sharply in the first quarter, continuing a trend from late 2019 of supporting the market when primary buyer US is on the sidelines.

Iranian steel industry outshining the world against the odds

26 August 2020 - 20:58
Iranian Steel industry has been constantly developing over the past years against all the pressures and obstacles created by the outside forces like the U.S. sanctions and the coronavirus outbreak that has severely affected the performance of the world’s top producers.

Caretaker of Industry Ministry: Iran Exporting over 12.5mln tons of Steel Annually

26 August 2020 - 02:42
Caretaker of the Iranian Ministry of Industry, Mine and Trade Jafar Sarqeini said on Tuesday that development of infrastructural projects has enabled the country to export 12.5mln tons of steel in a year.

Domestic manufacturing of oil pipes saves Iran €60m

30 July 2020 - 02:02
The acting head of the Industrial Development and Renovation Organization of Iran (IDRO) has said that manufacturing various types of oil pipes by domestic producers has saved the country over €60 million.
WEEKLY STEEL SCRAP:

Turkey keeps buying, Asia bulk markets go quiet

14 June 2020 - 00:45
Turkish steel producers remained active in the market for import scrap in the week ending Friday June 12, while prices for bulk scrap in Japan and Vietnam appear to hit a ceiling as activity slowed.

Steel import price recovery persists in South America on stronger demand, currency

14 June 2020 - 00:43
Prices for flat-rolled steel imported into South America continued to recover during the week to Friday June 12 as more increases were issued - mainly by Chinese and Japanese mills - for August-shipment cargoes.

Amended EU safeguard measures to result in HRC import volume drop, hurt independent distributors, Assofermet says

14 June 2020 - 00:39
The proposed changes to existing EU safeguard measures for hot-rolled coil would result in a drop in import volumes and consequently injure independent distribution in Europe, Italian steel distributors’ association Assofermet said in a letter to the European Commission (EC).

Indonesia to ask Freeport to build copper smelter

7 June 2020 - 02:16
The Indonesian government will ask PT Freeport Indonesia to build a copper smelter in Weda Bay, a newly built metal industrial park in Halmahera, the senior minister overseeing mining said on Friday.
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