In recent months we have seen British Steel in the UK go into administration and ArcelorMittal make cutbacks to European production targets. The profitability of the steel industry globally has fallen from high levels in 2017 and 2018, but the European steel industry faces added pressure from CO2 costs under the EU Emissions Trading Scheme (EU ETS) and this is at least partly to blame for recent decisions. Between 2013 and 2017 the EU ETS carbon allowance price (EUA) averaged less t

NLMK Group, a global steel company, has signed a long-term strategic partnership agreement with LTC Group, Italy and Middle East, a leading European manufacturer of components for transformers and power generation devices. Under the agreement, NLMK Group companies in Lipetsk and Yekaterinburg will regularly supply grain-oriented and non-grain-oriented electrical steel and provide technical support to LTC Group. The agreement also calls for extended cooperation in the development and

The global sheet metal market size is expected to grow by USD 69.16 billion during 2018-2022 due to its wide scale application in industries like automobile, aircraft, agriculture machineries and appliances. Increasing demand for sheet metals in the building and construction sector is also expected to fuel metal demand in the market. Rising trend of interior decoration and architecture is further anticipated to boost demand for sheet metals soon. Considering Asia Pacific regions, co

On 31 March 2020, the mining leases of mines totalling ~60 Mt/y of production will come up for auction. The majority of these mines are located in Odisha. The state government there has set out a 9-month schedule, from July 2019, for completing the auction process. However, we believe that this schedule is too ambitious and that mine restarts after the transfer of leases to the new owners will not occur for at least three to four months after the 31 March 2020 cut-off date. As a result, the c

Steel Dynamics, Inc. today announced the selection of Sinton, Texas, as the site for the company's previously announced new state-of-the-art, electric-arc-furnace (EAF) flat roll steel mill.  Sinton is located approximately 30 miles Northwest of the port of Corpus Christi, Texas.  Sinton is strategically located within the targeted Southwest U.S. and Mexico market regions, bringing numerous competitive customer and raw material advantages to the project.  Final determinatio

Iron ore prices reached above $120 /t in July 2019 following supply disruptions fuelled by Vale's tailings dam disaster in Brazil and cyclones in Western Australia. Price volatility has been significant over the past decade and this volatility is expected to continue making investment decisions difficult. In this Insight, we explain the importance of understanding and quantifying the inherent uncertainty associated with iron ore price forecasting and valuations to support robust

The project includes 216 stainless steel slab caster rolls Danieli Service - Slab Caster Rolls Department - is providing a brand-new set of 216 stainless steel X20Cr13V slab caster rolls as part of an upgrade project for “non-Danieli design” vertical caster (Segments 1, 2 and 3) at GJ Steel, in Thailand.   The rolls are a sleeve-type design using innovative, long-life EICH bearings designed for extreme heat-resistance, high impact loads, and dirt resis

NLMK Lipetsk, the Group's flagship production site, has begun construction and installation works on the complete overhaul of Continuous Casting Machine (CCM) No. 9, which is a milestone project in NLMK Group’s Strategy 2022. The launch of the new CCM No. 9 will conclude the blast furnace and steelmaking operations development programme, aimed at boosting the output of NLMK Lipetsk by 1 m t of steel. CCM No. 9 will also enable NLMK Lipetsk to begin production of

Leading Russian steel and engineering companies as well as steel products manufacturers (steel structures incl.) exhibited the latest solutions on November 13-16, at VDNHa Fairgrounds, Moscow Russia. Among them: MMK, TMK, Severstal, Mechel, OMK, NLMK, EVRAZ, Metalloinvest, UMMC, ChelPipe Group, Electrostal Steel Works,  Red October, Volgograd Steel Works, Abinsk Electric Steel Works, IMH, TEMPO, Ruspolymet, KUMZ, Aluminium Metallurg Rus, OMZ Group, VSMPO-AVIS

The United Steelworkers union (USW) today installed Thomas M. Conway as its eighth international president to replace retiring International President Leo W. Gerard. "I've known Tom for 25 years. He's earned my admiration, demonstrating a special toughness and a willingness to take on the most difficult jobs and negotiations," Gerard said. "He has a strong vision and unique perspective about the future, and I know the union will flourish under his leadership.&