Metallurgy news

• Hot rolled steel prices in Asia remain unchanged The hot rolled steel market in Asia is still showing no signs of growth. While prices rose due to production cuts in four provinces of China: Guangdong, Guangxi, Sichuan and Shandong, uncertainty in China's steel export tariffs and lower demand due to the lockdown in Southeast Asia remained weak in... 07.09.2021  11:37

• China's steel production could grow 4-7% this year China, the world's largest steel producer, could produce 4-7% more steel this year than last year without meeting its pollution control targets. The Chinese government recently said it will limit steel production this year to 2020 levels to cut CO2 emissions. However, a report produced by... 07.09.2021  11:17

• "New Factory": business invests in the development of Ukrainian education Kryvyi Rih, May 21, 2021 Yesterday, May 20, Minister of Education and Science of Ukraine Serhiy Shkarlet, as well as rectors, professors, teachers of leading universities of Kryvyi Rih, visited ArcelorMittal Kryvyi Rih. Together with the company's management, they discussed the stages of... 06.09.2021  12:30

• Steel mills cut production to keep prices down Steel mills in China, South Korea, India and Taiwan have spontaneously cut production for maintenance purposes. It remained unclear whether production cuts would stabilize prices. Due to the lockdown, demand for steel in Asia has dropped to a minimum, so prices are falling. Even the epidemic... 06.09.2021  11:27

• German steel mills are optimistic about steel prices German steelmakers are expecting a slight increase in steel prices in the coming weeks, while traders and end buyers expect a stable price environment amid fears over automotive demand and large volumes of imported material, according to a monthly survey of German sentiment. A poll conducted in... 06.09.2021  11:19

• Growth in procurement of billets in China leads to higher prices Prices for imported billets in East Asia are rising again amid China's return to the market. The growth was driven by an expected reduction in steel production in China and an increase in coking coal prices. Several deals for 150mm 3-sheet piles from ASEAN, including a deal from a blast furnace... 06.09.2021  11:13

• New Steel Capacities Overview - August 2021 Data on the latest investments in production and capacity of the main manufacturers, announced in the month of August. Europe Salzgitter plans to restart Blast Furnace C, the smallest of the furnaces in its Flachstahl plant, in November. The company announced this during the presentation of... 03.09.2021  12:28

• Steel production increased in Ukraine According to the results of the work of metallurgical enterprises of Ukraine in July 2021, there is an increase in steel production by 7.1% compared to the same period in 2020 - up to 1.875 million tons, retaining the 14th place in the ranking of 64 countries - the main world producers of these... 03.09.2021  11:53

• Russian duty on steel export will not be extended until 2022 Since the imposition of a tax on steel exports led to a decrease in domestic steel prices, the competent Russian authority said that the tax increase would not be extended until 2022. Russia introduced a 15% duty on the export of ferrous and basic non-ferrous metals from August 1 to December 31.... 03.09.2021  10:57

• How technology works At the Ingulets mining and processing plant of Metinvest Group, a new route of the ore cyclic-flow technology (CCT) complex was put into operation. This is one of the largest mining projects in the company over the past decade. Metinvest invested about $ 50 million in the construction of the... 03.09.2021  00:00