Metallurgy news

• Baosteel's profit grows significantly in the first quarter Baosteel, a subsidiary of the state-owned China Baowu Steel Group, said its profit reached 5.36 billion yuan in the first quarter of this year, an increase of 2.4 times over the same period last year. Revenue rose 39% year-on-year to 83.6 billion yuan, while basic earnings per share were 0.24... 27.04.2021  10:16

• The EU and the USA demand to maintain the positive trend in the rolled metal market Global demand for carbon steel may be supported by continued growth in Europe and the United States over the past month. However, new targets to cut CO2 emissions in China could slow steel production this year, while production is set to pick up elsewhere in Asia, French mining company Eramet said... 27.04.2021  10:10

• Steel industry hopes for strong growth in 2021 The disastrous year 2020, after creating one of the greatest problems of the century, has come to an end, and hopelessness has been reversed with a lot of positives. The feeling of well-being seems short-lived, however, as the second wave of the pandemic ravages parts of the country and threatens... 27.04.2021  10:07

• Japanese steel production drops to lowest level in 50 years Japan's crude steel production during fiscal 2020 (April 2020 - March 2021), including carbon and special steel, declined to a new low since fiscal 1969, down 15.9% from the same period last year to about 82.8 million tons, according to the latest figures from the Japan Iron & Steel Federation... 26.04.2021  09:52

• Global steel production up 10% in March 2021 World crude steel production by the 64 countries reporting to the World Steel Association (worldsteel) totaled 486.90 million tonnes (Mt) in the first three months of this year. This is a 10% increase over production for the corresponding three-month period in 2020. The largest regional steel... 26.04.2021  09:50

• Steel production in Italy increased According to the Italian Steel Association Federacciai, crude steel production in Italy in March this year was about 2.31 million tons, an increase of 11% over the previous month, and also a significant increase of 68.8% over the same month. ... a year ago. The increase from last year was due to... 26.04.2021  09:48

• Chinese steel mills take strict measures to reduce carbon emissions In line with China's environmental policy, China's steel industry has made great strides in environmental development, energy conservation and environmental protection. According to statistics from the China Metallurgical Association (CISA), in 2020, chemical oxygen demand fell 10.11% year on... 23.04.2021  10:25

• Ukraine in the world ranking of iron production and styles in the first quarter of 2021 According to Worldsteel, in January-March 2021 metallurgical enterprises of the countries of the world produced 358,230,000 tons of pig iron , of which 335,090,000 tons by the blast furnace method and 23,140,000 tons by the direct reduction method. This is 5.67% higher than in January-March 2021... 23.04.2021  09:58

• The Gupta empire will see the first bankruptcy French media reported that some companies in the Alvance Aluminum group, part of the GFG Alliance, are preparing for bankruptcy. However, this is probably not a direct result of the collapse of the financial company Greensill, a subsidiary of Sanjeev Gupta. The French have been fighting to avoid... 23.04.2021  09:46

• Rising prices for rolled metal may lead to a halt in sales in the EU Buyers of rolled steel are considered largely defenseless in the face of continued price increases, but there are signs that they may simply stop buying at some point. In particular, for hot-dip galvanized coils, which the market leader now quotes ex-works at more than € 1,100 per tonne (US $ 1... 22.04.2021  09:51