As per credible estimates, global steel refractory materials market share was worth USD 22110.32 million in the year 2019 and is expected to record substantial growth during 2020-2025. The growth is attributable to rapid industrialization and urbanization, especially in emerging countries like China and India, leading to notable investments for construction of commercial and residential buildings. As per the given report, global steel refractory materials market is studied with resp

Technavio has been monitoring the blast furnaces market and it is poised to grow by USD 869.14 mn during 2020-2024, decelerating at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will

ArcelorMittal announces a group-wide commitment to being carbon neutral by 2050, building on the commitment made in 2019 for its European business to reduce emissions by 30% by 2030, and be carbon neutral by 2050. Commenting on the 2050 net zero target, before speaking about the challenge of decarbonising the steel industry at the Financial Times Commodities Conference today, Aditya Mittal, President and CFO, said: “If the world is to achieve net zero by 2050 it will

Voestalpine is an international technology corporation producing industrial goods. A four-strand continuous bloom caster supplied by Primetals Technologies went into operation at its Leoben steel production plant in July. The new caster is the most modern of its type in the world and has been designed for digitalization. Fully automatic casting was possible right from the very start. The CC4 plant replaces the previous CC2 caster. In four-strand operation, it is designed to produce 950,000 me

Novelis Inc., the world leader in aluminum rolling and recycling, today announced it has sold the former Aleris plant in Duffel, Belgium to ALVANCE, the international aluminium business of the GFG Alliance. Previously, the European Commission and Chinese State Administration for Market Regulation determined that Novelis' acquisition of Aleris, which closed earlier this year, could proceed on the condition that Novelis divest the Duffel plant to a third party that met certain buy

Recently, HBIS Tangshan Iron and Steel Group Co. Ltd. (HBIS Tangsteel), a Chinese steel producer, has awarded Primetals Technologies with the final acceptance certificate for two continuous galvanizing lines (CGL) installed as part of the expansion of cold rolling mill no. 2 at its Tangshan plant in Hebei Province. The CGLs 5 and 6 increase the production capacity for high-strength, coated metal sheets by 650,000 metric tons per annum. The sheets are mainly used by the automotive industry. Th

Qingdao Special I&S, part of CITIC Group, awarded Danieli the order for new, twin wirerod mill lines #5 and #6, to be installed at Qingdao, in Huangdao district, China. Primary products of the new 1Mtpy wirerod mills will be tyre cord, bearing, spring and welding wire steels. The new plant will be outfitted with all of Danieli’s latest wirerod technologies for rolling, on-line processing, and heat-treatment, including LTR-Low Temperature Rolling process. The mill

In May, PJSC “Ilyich Iron and Steel Works of Mariupol” (Ilyich Steel) issued the FAC for the revamp of its 1,700 mm hot strip mill (HSM 1700). The revamp of HSM 1700 further increases MMKI’s competitiveness through the extension of product mix and range, improvement of quality, increase of productivity and reduction of production costs. Production capacity will grow from 1.36 to 2.5 million tons per year. A state-of-the-art automation system makes the plant ready for Industr

Scaw Metals Group, one of the major steel producers in South Africa, recently awarded Danieli Service with a new contract for a main revamping of the wirerod line in Johannesburg, in operation since 1997. The project has several targets that will result in an overall performance improvement: A new high-speed shear will generate OpEx savings, performing automatic trimming of the head and tails of the wirerod, replacing three operators per shift, and also increasing safety.

Cleveland-Cliffs Inc. announced that it has entered into a definitive agreement with ArcelorMittal S.A., pursuant to which Cleveland-Cliffs will acquire substantially all of the operations of ArcelorMittal USA LLC and its subsidiaries (“ArcelorMittal USA”) for approximately $1.4 billion. Upon closure of the transaction, Cleveland-Cliffs will be the largest flat-rolled steel producer in North America, with combined shipments of approximately 17 million net tons in 2019. The co