Metal & Steel News
The partnership will support Vedanta’s upcoming 430 kilo tonnes per annum (KTPA) cast house, where molten metal is cast into aluminium products.
Between January and September of this year, Chile saw a 3% increase in production.
Nippon Steel announced the agreement to acquire U.S. Steel for nearly $15 billion late last year.
The market reaction has been to open a financial arbitrage window to facilitate continued flows of aluminum product from east to west.
The above investments are aimed at offsetting decline in pore grades and the anticipated closure of the Los Colorados plant.
The company hopes that Czech billionaire Daniel Kretinsky, who now owns 20% of TKSE, will increase his stake to 50%.
It has also promised to sell a stake in a U.S. steel plant joint venture if the company succeeds in the buyout.
Also, the weekly production of crude steel decreased nominally by 1.6% from the week before.
This involves multiple stages starting from collection to sorting, shredding, melting and refining as well as casting and rolling.
Commenting on the planned measures, CEO Frank Koch said that the layoffs are painful but inevitable.
Demand for copper, a key element in the energy transition, is set to rise by 70% to 100% by 2050, Henry said.
In 2023, the industry's lost time injury frequency rate (LTIFR) was 0.76 injuries per million hours worked.
Meanwhile, the supply of aluminum is expected to increase to 70.6 million tonnes annually at a slower rate of 1.9%.
Zugai also said Mori will attend this weekend’s Pittsburgh Steelers football game against the Baltimore Ravens.