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Metinvests Azovstal. A Symbol of Perseverance project receives ...
Tue, 28 Nov 2023 11:00:00 GMT
On 24 November 2023, the Effie Awards Ukraine, part of an international network recognising achievements in advertising and marketing communications, announced the countrys winning agencies and projects for 2023. The grand prize was awarded to Azovstal. A Symbol of Perseverance, a project created by Gres Todorchuk agency for the UNITED24 fundraising platform and Metinvest

EU urges US to make steel import quotas less rigid
Tue, 28 Nov 2023 00:00:00 GMT
The United States needs to make quotas for imported EU steel far less rigid, assuming they are extended beyond the end of this year, European Commission Vice President Valdis Dombrovskis said on Monday. Washington suspended import tariffs of 25% on EU steel and 10% on EU aluminium for two years from January 2022, replacing tariffs imposed by former President Donald Trump with quotas. The two sides were supposed to agree on measures to address overcapacity and promote low-carbon production,

Deburring tool's new features help workers generate high-quality ...
Thu, 23 Nov 2023 08:05:00 GMT
TRUMPF has introduced a new TruTool TKA 1500 edge milling tool with updated features to create sheet metal edges with repeatable accuracy and without any

EU aims to resolve U.S. steel dispute by year end
Fri, 10 Nov 2023 00:00:00 GMT
The European Commission is aiming to reach an agreement on steel and aluminium with the United States by the end of the year to bring a definitive end to U.S. import tariffs on the metals, Commission Vice President Vera Jourova said on Thursday. U.S. and EU negotiators failed to reach an agreement at a summit on Oct. 20 on measures to address overcapacity in non-market economies, such as China, and promote greener steel. The Biden administration had suspended the tariffs on EU steel and

Ukraines new Mine Action Centre to train 3,000 deminers with ...
Tue, 07 Nov 2023 17:52:55 GMT
On 3 November, Ukraines State Transport Special Service, a specialised military unit of the Ministry of Defence, opened a new Mine Action Centre in the Chernihiv region. Metinvest Group partnered to help fund the centres construction through the United 24 state fundraising platform. One of the Mine Action Centres main tasks will be vocational training of sappers. The plan is to train more than 3,000 specialists to perform humanitarian demining of areas left heavily contaminated with explosive ordnance in the aftermath of fighting. Metinvests financial support has helped to build the centres main administrative building. The Group has invested UAH9.5 million to fund the

Iron ore rally continues as China boosts stimulus
Thu, 26 Oct 2023 00:00:00 GMT
Dalian iron ore futures hit five-week highs on Wednesday and the Singapore benchmark rose for a third straight day, buoyed by Chinas additional measures to spur economic growth. The top parliament body in China, the worlds biggest producer and consumer of steel, has approved a 1 trillion yuan ($137 billion) sovereign bond issuance, with thestepped-up stimulus sharply raising its budget deficit. The January iron ore contract onChinas Dalian Commodity Exchange ended daytime trade 3.3%

India-Canada row unlikely to hit Teck deal plan: JSW Steel
Wed, 25 Oct 2023 00:00:00 GMT
As far as the India-Canada relationship is concerned, I don't think that that is something which will impact business because these will be on a longer term. And I'm hopeful that the current political situation will improve, he said. While JSW Steel is currently the largest producer of steel in the country and is also in the midst of further expanding its capacity, it does not have captive coal reserves unlike some of its

AISI publishes research report for cold-formed steel deck applications
Fri, 20 Oct 2023 11:14:00 GMT
The American Iron and Steel Institute (AISI), Washington, D.C., has published RP23-02: Influence of Support Attachment Pattern on the Out-of-Plane Buckling Capacity of Steel Deck, available for free download. The research was undertaken to determine if the diaphragm testing used

EU, US could agree on critical minerals despite steel failure ...
Fri, 20 Oct 2023 00:00:00 GMT
The European Union and the United States could reach a deal on critical minerals over the coming weeks or months despite their failure to agree an accord on steel and aluminium, French Trade Minister Olivier Becht said on Friday. U.S. and EU trade negotiators had hoped to agree on how to end Trump-era metals tariffs and to lessen the impact of the U.S. Inflation Reduction Act (IRA) by Friday in time for a meeting between U.S. President Joe Bidens and top EU officials. The meeting is now

Agora adds fiber laser cutting machine
Tue, 17 Oct 2023 15:20:00 GMT
Agora Mfg. Inc., a steel fabricator and manufacturer of electrical enclosures, has added a TRUMPF TruLaser 2030 fiber laser cutting machine to its Mississauga, Ont.,

AISC board of directors elects new chair, vice chair
Wed, 20 Sep 2023 16:05:00 GMT
The American Institute of Steel Constructions board of directors has named Hugh McCaffrey of Southern New Jersey Steel in Vineland, N.J., as board chair and Glenn Tabolt of STS Steel in Schenectady, N.Y., as vice chair. Hugh and Glenn both have a long track record of volunteering

Ukraine: first batch of uranium shipped to Canada
Fri, 15 Sep 2023 09:37:42 GMT
Ukraine has shipped its first batch of uranium to Canada under an agreement signed between Energoatom and Cameco. The agreement presupposes the supply of all uranium extracted by Vostochniy Mining and Processing Works to Canada and its further conversion into natural uranium hexafluoride (UF6). Such a process is necessary to prepare uranium for its

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