ArcelorMittal Zenica completes EUR 30 million blast furnace reconstruction

EUR 30 million reconstruction of the blast furnace prepares ArcelorMittal Zenica for the next 20 years of steel production. ArcelorMittal Zenica announces the completion of a EUR 30 million project to rebuild the blast furnace and upgrade other areas of the factory, including the energy, sinter and steel plants and the rolling mill. The latest … Continue reading ArcelorMittal Zenica completes EUR 30 million blast furnace reconstruction

Global Construction Sector Bears the Brunt of Recent Steel Price Hikes

MEPS International Ltd. reports that in the period January to September 2017, the average cost of steel, purchased for use in the global construction sector, increased by 18.7 per cent. Less substantial, but double-digit steel price rises were also recorded for steel used in the shipbuilding industry and machinery manufacturing sectors – according to data … Continue reading Global Construction Sector Bears the Brunt of Recent Steel Price Hikes

Construction of TMK’s R&D facility launched in Skolkovo

TMK, one of the world’s leading suppliers of tubular products for the oil and gas industry, has held an opening ceremony for the launch of the construction of its R&D facility in the Skolkovo Innovation Centre. Dmitry Pumpyanskiy, Chairman of TMK’s Board of Directors, and Viktor Vekselberg, Skolkovo Foundation President supervised the ceremony. In addition to … Continue reading Construction of TMK’s R&D facility launched in Skolkovo

Metalloinvest begins construction of world’s largest HBI plant

Metalloinvest has entered the active phase of construction and installation works for the third hot briquetted iron plant (HBI-3 Plant) at Lebedinsky GOK in Gubkin, Belgorod region. The plant will have an annual production capacity of 1.8 million tonnes and will be the largest HBI production facility in the world.A consortium comprising Siemens VAI and … Continue reading Metalloinvest begins construction of world’s largest HBI plant

Steel Dynamics Announces a New Organic Flat Roll Steel Mill Investment

FORT WAYNE, Ind. – Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that its Board of Directors has authorized the company to construct a new state-of-the-art, electric-arc-furnace (EAF) flat roll steel mill in the United States.  The facility is anticipated to have an annual production capacity of approximately 3.0 million tons with the capability to produce … Continue reading Steel Dynamics Announces a New Organic Flat Roll Steel Mill Investment

Trading Activity Deteriorates in the Emerging Steel Markets

South Africa The South African steel market has entered a period of low seasonal demand. Shipment volumes to downstream industries are forecast to be muted after the country’s four-week Christmas shutdown period. Meanwhile, the US Department of Commerce has announced Section 232 exemptions for thirty-six steel products, from South Africa – included are hot and … Continue reading Trading Activity Deteriorates in the Emerging Steel Markets