World

All the latest headlines from all regions of the world outside the NAFTA market.

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ArcelorMittal Reaches New Deal on ILVA Steel Works

04 March 2020 - ArcelorMittal and the Italian government have agreed to revised terms governing the steelmaker’s acquisition of the ILVA steel works in Italy.

SAIL Rourkela Rolls Out First Coils on New Strip Mill

04 March 2020 - A new hot strip mill at the Steel Authority of India Ltd.’s Rourkela Steel Plant produced its first coils just two days after the start of hot trials, according to the company that supplied the rolling equipment.

Jingye Group Ready to Finalize Conditional Acquisition of British Steel

03 March 2020 - China’s Jingye Group is set to finalize its planned acquisition of British Steel and expects to close on at least a part of the business next week, the company said on Tuesday.

Coronavirus Stalls China’s Manufacturing Sector in February

02 March 2020 - China’s manufacturers saw record declines in new orders, output and employment last month as the coronavirus outbreak slowed the world’s second largest economy.

Japanese Steelmakers Tell China to Bring Production in Line With Demand

27 February 2020 - The chairman of the Japan Iron and Steel Federation has called on Chinese steelmakers to curtail steel production as steel inventories build due to the coronavirus outbreak.

Rio Tinto Investing US$1 Billion to Meet Climate Change Targets

27 February 2020 - UK-based metals miner Rio Tinto has rolled out new emissions reductions goals – and a plan to invest approximately US$1 billion over the next five years to meet them.

ANDRITZ Nabs Order for Galv Line Furnace

25 February 2020 - South Korea’s Hyundai Steel will install a new ANDRITZ SELAS Direct-Fired Furnace (DFF) later this year, the equipment supplier has announced.

OMK Awards Danieli Contract for Special Bar and Light Sections Mill

25 February 2020 - Russian steelmaker OMK has contracted Danieli to build a new bar and light sections mill as it looks to further cement its leadership in the spring steel flats business.

Severstal Invests RUB11 Billion in New Long-Range Wire Mill

24 February 2020 - PAO Severstal is investing the equivalent of US$168.4 million in a new wire mill at its Cherepovets Steel Mill, the Russian steel producer has announced.

German Mill Puts New Billet Caster Into Service

21 February 2020 - Germany’s Saarstahl AG has successfully commissioned a new five-strand billet caster, according to the machine’s builder, SMS group.

JSW Steel Issues Final OK on Rolling Mill Improvements

21 February 2020 - JSW Steel has issued the final acceptance certificate on an improved bar rolling mill at its Salem plant in the Indian state of Tamil Nadu, reports project contractor Primetals Technologies.

voestalpine Adds Granulation Capabilities to New Mill

20 February 2020 - voestalpine BÖHLER Edestahl has placed an order for a metal granulation unit from Sweden’s Uvån Hagfors Teknologi AB, the equipment supplier has announced.

GFG Alliance Plans Upgrades to European Mills

20 February 2020 - Family-owned international conglomerate GFG Alliance said it is prepared to invest the equivalent of US$2 billion in upgrades to its European mills as it looks to lower carbon emissions, reports the Reuters news service.

GFG Alliance Enters Indian Steel Market Through Acquisition

18 February 2020 - GFG Alliance has acquired a distressed steelmaking operation in India for the equivalent of US$60 million in cash, giving the company its first foothold in the country.

JSW Steel Locks Up Substantial Iron Ore Reserves

18 February 2020 - JSW Steel has been officially declared the preferred bidder for more than a billion metric tons’ worth of iron ore reserves in India, the company said a stock exchange filing.

JFE Steel to Idle Some Plate Mills in Japan

18 February 2020 - Citing falling demand and slowing growth, JFE Steel has announced plans to idle parts of its plate-making operations in Japan, the Jiji Press news service reports.

Survey: Coronavirus Pushes Chinese Mills to Consider Curtailments

18 February 2020 - Market impacts from the coronavirus outbreak have prompted roughly one-third of Chinese steel producers to consider production curtailments, according to a survey published by commodities news and price reporting service S&P Global Platts.