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Rio Tinto lifts iron ore targets, warns Juukan Gorge impact still ...
Tue, 19 Jan 2021 05:35:04 GMT
Rio Tinto has flagged it may lift iron ore output in 2021 but warns the fallout from last year's Juukan Gorge disaster remains

India: Steel sector, users in for more shocks as iron ore prices ...
Mon, 18 Jan 2021 00:00:00 GMT
Steel and user industries in India are in for more price shocks as iron ore rose to a near 10-year-high on January 14, with Chinese customs data showing record imports by Beijing. They can expect some relief after the first quarter of 2021, with prices expected to drop in the second quarter and even below $100 a tonne in the following quarters. Iron ore prices increased to 10-year-high in December before retreating on reports of China wanting to reduce its steel output., quoting

Desktop Metal to purchase polymer 3D printer manufacturer EnvisionTEC
Fri, 15 Jan 2021 12:10:00 GMT
Desktop Metal Inc. has announced its intention to acquire EnvisionTECa builder of production-volume photopolymer 3D printers. The $300 million cash-and-stock transaction is expected to close in the first quarter of 2021. EnvisionTEC will operate as a wholly owned subsidiary of Desktop

Profiteering or Profitability What domestic steel industry wants ...
Fri, 15 Jan 2021 00:00:00 GMT
Steel production through BF-BOF route uses iron ore of 1.65 tonne and coking coal of around 750 kg per tonne of steel. Steel pricing continues to occupy a centrepiece in the media for the last few weeks. A variety of responses and feedback from end-using sectors, policy planners, industry associations are filling up the pages. It is difficult to take a dispassionate view on the issue from the producers or users points of view. Let us look at some of the facts. Steel prices (HRC as the

Duferco eyes major Italy beam production centre
Fri, 15 Jan 2021 00:00:00 GMT
Duferco aims for its San Zeno Naviglio mill to become the most important centre of steel beam production in Europe. The firm previously ordered from SMS Group a new medium sections rolling mill for the steelworks in northern Italy. Following commissioning, the works will reach a yearly output of 1.5 million tonnes of long

Shanghai stainless steel gains on high demand, raw material prices
Thu, 14 Jan 2021 00:00:00 GMT
Stainless steel futures on the Shanghai Futures Exchange inched higher on Wednesday, fuelled by a pick-up in raw material prices and downstream consumption. Due to the recent shutdown of some capacity in Inner Mongolia ferrochrome supplies dropped, GF Futures wrote in a note, explaining the price surge in the raw material used to manufacture stainless steel. Downstream demand also recovered on increasing export orders, GF Futures said. Nickel prices on the Shanghai bourse also jumped,

Tenaris to invest in hydrogen steelmaking in Italy
Thu, 14 Jan 2021 00:00:00 GMT
Tubemaker Tenaris has signed an agreement with Italian energy suppliers Edison and Snam for a project aimed at using hydrogen in some steelmaking operations at the Tenaris Dalmine seamless tube plant in Italy. The project will focus on studying the supply of hydrogen to the plant and adapting the mill to use the gas

RUSAL Completes a Full Cycle of 3D Printing at ILM&T
Thu, 14 Jan 2021 00:00:00 GMT
RUSAL has successfully completed a closed additive manufacturing cycle at the Institute of Light Materials and Technologies (ILM&T). RUSAL's significant investment in resources and facility development at the Additive Technology Centre has so far amounted to 3.5 million. The opening of an additive powder manufacturing site and the installation of new equipment including an atomiser and a powder sizing and packaging line, made it possible for RUSAL to launch the complete production cycle at

Study finds blue hydrogen feasible for thyssenkrupp steel
Wed, 13 Jan 2021 00:00:00 GMT
Norwegian-based energy company Equinor, gas transmission system operator OGE, and thyssenkrupp Steel Europe have concluded their joint feasibility study on blue hydrogen for tk Steels mills. The study finds that the decarbonised production and supply of blue hydrogen from natural gas to Germanys largest steel plant in Duisburg is technically feasible, the partners say.

NLMK to boost order accuracy using digital production planning
Wed, 13 Jan 2021 00:00:00 GMT
NLMK Group has started commercial operation of a digital solutions package for production planning at its Lipetsk site. It will improve the accuracy of customer order fulfillment, ensure tracking transparency, and increase production

U.S. steel groups, union urge Biden to keep Trumps steel tariffs ...
Tue, 12 Jan 2021 00:00:00 GMT
Steel industry and union groups on Monday urged President-elect Joe Biden to keep in place the 25% national security tariffs on steel imports imposed in 2018 by his predecessor, arguing they are essential to ensure the viability of domestic steel production. In a letter to Biden, the American Iron and Steel Institute, the Steel Manufacturers Association, the United Steelworkers union, the Committee on Pipe and Tube Imports and the American Institute of Steel Construction said that the

Tata Steels sales momentum continues as Q3 production grows 3% ...
Mon, 11 Jan 2021 00:00:00 GMT
Tata Steel India reported a 3% year-on-year growth in its crude steel production at 4.60 million tonne for the third quarter of the current fiscal with momentum continuing in sales, though constrained by lower opening inventory post a stronger sales during the second quarter of the fiscal. Deliveries were 4.66 MT in the third quarter, lower by 8% quarter-on quarter and 4% y-o-y. Domestic deliveries sharply ramped up to 4.16 MT. Exports shrank below 11% of overall deliveries. Automotive &

Number of steel production news reports: 12
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