Latest coronavirus news - steel industry impact.

Sierra Metals Reports Solid Consolidated Financial Results for ...
Fri, 14 Aug 2020 00:00:00 GMT
Sierra Metals Reports Solid Consolidated Financial Results for the Second Quarter of 2020, Despite COVID-19 Interruptions - Junior Mining Network


Thyssenkrupp's distribution business sees more weak demand
Fri, 14 Aug 2020 00:00:00 GMT
Thyssenkrupps performance in the first nine months of its 2019/2020 fiscal year through September has been significantly impacted by the initial effects of the Covid-19 pandemic. As a result of temporary plant closures at customers, production in many areas came almost to a halt at the start of the third fiscal quarter through June.


Thyssenkrupp banks on steel production recovery
Fri, 14 Aug 2020 00:00:00 GMT
Thyssenkrupp Steel Europe plans to improve its capacity utilisation going forward, following painful losses in its third fiscal quarter through June. During the earnings call of parent thyssenkrupp AG, chief financial officer Klaus Keysberg said the steel plants saw production dip -38% at the beginning of the Covid-19 lockdown. Utilisation has meanwhile recovered to


Mining News - GT Gold has drills turning at Quash Pass
Thu, 13 Aug 2020 16:55:00 GMT
GT Gold Corp. Aug. 10 reported that drills are now turning on the company's Tatogga gold-copper-silver property in northwestern British Columbia, Canada. After postponing the start of its 2020 Tatogga exploration program due to COVID-19, on Aug. 6 the company began a 10,000-meter drill campaign that will initially target Quash Pass, a promising copper-gold-silver target about seven...


Tata Steel reports positive free cash flows in a challenging ...
Thu, 13 Aug 2020 00:00:00 GMT
With the outbreak of the pandemic, Tata Steels immediate focus was on the health and safety of our employees and the communities in which we operate. Tata Steel has taken significant steps in building Covid-19 ready medical capacity with more than 1,000 beds and state of the art facilities across its locations in India. The company continues to focus on running its operations safely and efficiently to service its


Schmolz+Bickenbach sees dramatic slump in shipments, revenue
Thu, 13 Aug 2020 00:00:00 GMT
SBQ steelmaker Schmolz+Bickenbach was severely affected by the Covid-19 pandemic in the second quarter, as lower steel demand translated into reduced sales volumes and revenue. The biggest impact came from the extensive shutdowns of major European automobile manufacturers and their suppliers, says chief executive Clemens Iller. S+B reported a -38.1% on-year decrease in Q2


Q2 Uranium Results Are In Key Takeaways from Top Producers
Wed, 12 Aug 2020 00:00:00 GMT
Q2 Uranium Results Are In Key Takeaways from Top Producers Find out how top uranium producers dealt with rising prices, COVID-19 lockdowns and supply disruptions during the second quarter of...


Benchmark: Lithium Prices to Stabilize at Low Levels, Rebound ...
Wed, 12 Aug 2020 00:00:00 GMT
Benchmark: Lithium Prices to Stabilize at Low Levels, Rebound Unlikely in H2 The COVID-19 situation has increased the risk of another market deficit emerging, and of further volatility in pricing.


Slow recovery of steel demand in an uncertain economic scenario
Tue, 11 Aug 2020 00:00:00 GMT
Latin America is still being affected by the COVID-19 pandemic, presenting slightly more than a quarter of the cases and deaths worldwide. In an attempt to reduce the impact of the health crisis on the economy as much as possible, Latin American countries, each in its own way, are starting to reopen trade and resume activities even with the risk of an increase in the number of infections. In this context, the steel industry in Latin America has suffered one of the heaviest impacts o


Pandemic Economy Forces Layoffs at Howmet Aerospace
Tue, 11 Aug 2020 00:00:00 GMT
Howmet Aerospace (formerly Arconic) recently shed 131 of the 600 workers at its manufacturing facility in Niles, Ohio. The workforce reductions through direct layoffs, attrition and voluntary retirements are the result of a weakened economy caused by the COVID-19 pandemic. Pittsburgh, Pa.-based Howmet Aerospace produces engineered products and forgings such as engine components, fastening systems and forged wheels.



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