Year: 2020

A tale of two products: as plate struggles, coil surges

Stark contrasts are currently being witnessed between the markets for steel plate and coil. While the former is grappling with weak consumption and overcapacity, the latter is flourishing amid brisk…

First Hydrogen based ENERGIRON DRI Plant for Tenova in China

Castellanza, November 23, 2020 – Tenova, a leading company specialized in innovative solutions for the metals and mining industries, has signed a contract with the HBIS Group for the implementation of the Paradigm…

Covid-19 resurgence causing concern for EU steel buyers

The resurgence in Covid cases across Europe is a growing concern for steel buyers. Market participants are either delaying their purchases or increasing them, depending on their outlook and sentiment….

Primetals Technologies receives FAC for two continuous galvanizing lines supplied to HBIS Tangsteel

Continuous galvanizing lines expand cold rolling mill also supplied by Primetals Technologies Production capacity of high-strength metal sheeting increases by 650,000 metric tons per annum Processed grades are produced for…

Cleveland-Cliffs Inc. to Acquire ArcelorMittal USA

Cleveland-Cliffs Inc. (NYSE: CLF) announced that it has entered into a definitive agreement with ArcelorMittal S.A. (NYSE: MT), pursuant to which Cleveland-Cliffs will acquire substantially all of the operations of…

Tight supply & recovering auto demand drive up EU coil prices

Coil prices strengthened rapidly across Europe this month. The upward trend is expected to be maintained, in the near term. The producers’ price hikes are being driven by supply restrictions…

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