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Steel Industry News

Iron ore futures close higher
Fri, 27 Nov 2020 00:00:00 GMT
Iron ore futures closed higher on Thursday in daytime trading at the Dalian Commodity Exchange (DCE). The most active iron ore contract for January 2021 delivery gained 18.5 yuan (about 2.8 U.S. dollars) to close at 897 yuan per tonne. On Thursday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 1,262,477 lots, with a turnover of 109.2 billion yuan. As the worlds largest importer of iron ore, China opened the DCE iron ore futures...

British Steel set to increase production, eyes UK infrastructure ...
Fri, 27 Nov 2020 00:00:00 GMT
UK-based integrated steelmaker British Steel is embarking on a recruitment drive to support increased production at its operations in Scunthorpe and Teesside, the company said Nov. 26. The company, with a crude steel capacity of about 3 million mt/year gave no tonnage details on the production boost. However, it had said in...

NLMK Group implements further social support programmes ...
Thu, 26 Nov 2020 00:00:00 GMT
NLMK and its social partner, the Mercy (Miloserdiye) Charitable Foundation, continue to provide support to NLMK employees and local communities in regions where the Company operates in the face of the second wave of...

WSI's 12,000-joule CD welder joins projection welding ...
Wed, 25 Nov 2020 14:00:00 GMT
Weld Systems Integrators Inc. (WSI) has introduced a 12,000-joule capacitive discharge welder series. They are suitable for projection welding fasteners, with standard or ring-type projections, to hot-stamped, aluminum-silicate-coated materials; galvanized metals; and other...

MMK wins national award "Priority 2.0"
Wed, 25 Nov 2020 00:00:00 GMT
Magnitogorsk Iron and Steel Works (MMK) received an award in the category Priority - Metallurgy for the development and implementation of the strategic initiative Industry 4.0. Vladimir Ruga, Deputy General Director for External Communications, also received an award in the special category Priority Personality for effective promotion of the Company's advanced technologies...

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Asia Pacific

POSCO - Press Release
Fri, 27 Nov 2020 00:00:00 GMT
POSCO Participates in a Regional Regeneration Project


Fitch Ratings 2021 Outlook: China Steel
Thu, 26 Nov 2020 00:00:00 GMT
Fitchs Sector Outlook: Stable Fitch Ratings expects the overall dynamics of the Chinese steel sector to remain stable as production and apparent consumption growth will remain flat. Growth rates will be bolstered in 1H21 by the low base in 1Q20 during the strictest lockdowns following the COVID-19 outbreak. Chinese steelmakers are likely to generate free cash flow on the back of higher revenue and profit, and steady capex, which will result in lower leverage industry wide. Rating Outlook:


POSCO - Press Release
Thu, 26 Nov 2020 00:00:00 GMT
POSCO Improves Employee Competencies with New Collar Program