June 2019

Outokumpu Tornio to gain 100,000 tpy and reduce lead times through digitalized stainless steel production

Outokumpu hopes to increase capacity by 100,000 tonnes per year and significantly improve lead times by fully digitalizing production at its site in Tornio, Finland, by 2020, it said on June 17.

Celsa Steel to build $67mln long steel rolling mill in Southern France

Celsa Steel will construct a €60-million ($67.3-million) long steel rolling mill alongside its steel billet mill in the Tarnos and Boucau municipalities in southwestern France near the Spanish border, it said on Monday June 17.

Malaysian rebar ready to be sold to Singapore after Alliance Steel achieves quality certification

Malaysian rebar is ready to be sold into Singapore after a major Malaysian producer Alliance Steel achieved Cares certification, market sources told Fastmarkets.

Major Southeast Asian flat steel producer on lookout for alternatives to Iranian slab

A major flat steel producer in Southeast Asia has started to look at alternative sources of slab because Iranian metal exports are subject to sanctions imposed by the United States, a source in the region said.

PEOPLE MOVES: Desai to replace Goss as ThyssenKrupp steel division chairman

ThyssenKrupp has appointed Premal Desai as the new chairman of its European steel division, the German conglomerate said on Friday June 14.

China’s steel output rises in May on robust demand

China’s crude steel and finished steel output both increased on a year-on-year basis in May amid strong demand and healthy profit margins.

Mexico’s Ahmsa to construct pre-painted galvanized steel sheet line

Mexican steelmaker Altos Hornos de México (Ahmsa) will invest around 400 million pesos ($20.9 million) to build a pre-painted galvanized steel sheet line in the city of Monclova, in Mexico’s northern state of Coahuila.

IN CASE YOU MISSED IT: 5 key stories from June 13

Here are five Fastmarkets MB stories you might have missed on Thursday June 13 that are worth another look.

Vale set to use dry processing at halted iron ore mines, output may rise by 30mln tpy

Brazilian miner Vale intends to start production of iron ore using dry processing at some of the sites that were closed following the failure of a tailings dam at the Córrego do Feijão mine in January.

Italian stainless steel mill AST to increase output to 1 million tpy

Italian flat stainless steelmaker Acciai Speciali Terni (AST) plans to increase its annual crude steel output to 1 million tonnes per year, up from 940,000 tpy, Italian steel trade union Fim-Cisl said on Thursday June 13.