Metallurgy news

• Steel prices in the EU - peak or plateau? The rapid rise in European steel prices came to a halt in early February as buyers received the latest news on the development of the scrap market in Turkey. The approaching Chinese New Year has reduced activity in the Far East. European participants in the supply chain are now pondering the... 22.02.2021  13:03

• China's Steel Mills Jump 46% During Holidays According to the latest weekly survey, inventories of five key finished steel products produced by 184 Chinese steel mills as part of a regular survey by Mysteel surged 46.1% from Feb 4-17. Inventories rose as end-user consumption remained unchanged during Chinese New Year (CNY) February 11-17,... 22.02.2021  12:07

• Turkish assets MMK set a new record for the production of hot-dip galvanized products In January 2021, the hot-dip galvanizing line at the MMK Metalurji plant in Dortiol (Turkey) produced 42,316 tons of products, which is an absolute record for any division of the MMK Group. Only two hot-dip galvanizing lines at MMK's Turkish sites in Dortiola and Dilovashi produced 78,613 tonnes of... 19.02.2021  12:15

• Carbon neutrality puts a heavy burden on POSCO The POSCO cost of replacing one blast furnace with a carbon-free one by 2050 is estimated at approximately six trillion won. The company currently operates nine blast furnaces and has an estimated total replacement cost equivalent to its 30-year operating profit. The South Korean government... 19.02.2021  12:02

• China's Baowu Steel acquires Kunming Steel and targets Shandong Steel The world's largest steel producer Baowu Steel of China, with a capacity of 115 million tonnes of steel per year, has signed an agreement with the Yunnan provincial government to donate 90% of its shares in Kunming Steel. The production capacity of Kuming Steel is 10 million tons per year, in... 19.02.2021  11:51

• Iran: production of metal products increased by 2% Steel production in Iran increased by two percent during the first ten months of the current Iranian calendar year (March 20, 2020 - January 19, 2021) compared to the corresponding period last year. As reported, for ten months of this year, 12.145 million tons of metal products were... 18.02.2021  10:03

• Thyssenkrupp completes negotiations with Liberty to sell its steel division Germany's Thyssenkrupp said on February 17 that the company had completed negotiations to sell its steel division to Liberty Steel, focusing on its own restructuring. Thyssenkrupp said the decision came after a failure to reach an agreement with Liberty. “We opened the door to negotiation, b... 18.02.2021  09:46

• US issues ruling on the import of steel pipes from Ukraine, South Korea and Russia The US Department of Commerce (USDOC), following an investigation into imports from these three countries, issued dumping definitions: imports of seamless standard, line and pressure pipes made of carbon and alloy steel from South Korea, Russia and Ukraine will be subject to anti-dumping (AD)... 18.02.2021  09:23

• NLMK La Louvière hot strip mill stops production until March NLMK Group has announced that it will spend € 150 million to modernize its hot strip mill at its Belgian subsidiary NLMK La Louvière, which is expected to increase its production capacity from 1.7 million tonnes to 2.2 million tonnes in 2022. it was clear that NLMK La Louviere focuses on the pr... 17.02.2021  10:24

• WTO Postpones US Steel Tariff Decision According to the report, the World Trade Organization (WTO) has postponed a decision on US steel and aluminum tariffs until the second half of 2021, giving President Joe Biden more time to resolve related disputes. The US government has imposed anti-dumping duties (AD) on imported steel and... 17.02.2021  10:21