Metallurgy news

• South Korean POSCO builds steel plant for Chinese electric vehicle market South Korean POSCO Holdings said it has completed a Giga Steel refinery in east China to meet the future needs of the Chinese electric vehicle market. The plant, located in China's Suzhou processing hub, is set to anticipate the expanding market for Giga Steel used in green electric vehicles... 29.05.2023  11:11

• Nippon Steel Increases Electrical Steel Sheet Production Capacity Japan's Nippon Steel has announced an investment of around 213 billion yen in its Setuchi and Kyushu plants to increase production capacity and improve the quality of non-oriented electrical steel sheet products. With stricter regulations on car carbon emissions and average fuel consumption, the... 22.05.2023  14:40

• Steel production in Germany fell in April According to the German Steel Federation (WV Stahl), crude steel production in Germany fell 3.8% year-on-year in April to about 3.19 million tonnes. Meanwhile, German iron and hot-rolled steel production was 2.07 million tons and 2.73 million tons, down 3.4% and 7.2% from last year. In the first... 22.05.2023  14:39

• Japan's Hokkaido power plant starts producing hydrogen Japanese electric power company Hokkaido Electric Power has begun producing hydrogen in the northernmost prefecture of Hokkaido and plans to store excess renewable energy through water electrolysis. In addition, Hokkaido plans to use hydrogen to cool generators and fuel cell vehicles. The... 21.05.2023  11:53

• The UK car industry is not ready for the consequences of Brexit At the risk of sounding like a broken record, the UK automotive industry is calling on the government to develop an industrial strategy that will create attractive investment conditions for cutting-edge automotive production. Mike Hawes, CEO of the Society of Automotive Manufacturers and Traders... 19.05.2023  11:42

• Steel production in China fell in April In April, crude steel production in China was about 92.64 million tons, down 1.5% year on year, according to China's National Bureau of Statistics. In terms of provinces, Hebei has been the leading province in crude steel production with a volume of almost 20 million tons. The next provinces... 19.05.2023  11:40

• Ukraine is going to withdraw from Russia a stake in Zaporizhstal President of Ukraine Volodymyr Zelensky on May 12 signed decrees imposing sanctions on 13 individuals and 28 legal entities that helped Russia retain control over the Ukrainian steel company Zaporizhstal, according to the president's official social media account on Friday, May 12. President... 17.05.2023  12:30

• Taiwan's electric furnaces to face higher electricity tariffs in summer Taiwan's annual summer electricity pricing scheme began on May 16. Approximately 25,000 high-voltage electricity customers, including the semiconductor, steel and petrochemical industries, will charge higher summer tariffs from May 16 to October 15, extended from June 1 to September 30 the previous... 17.05.2023  12:29

• Steel production in Ukraine in January-April 2023 In the first four months of 2023, crude steel production in Ukraine decreased by 46% year-on-year to about 1.81 million tonnes. At the same time, Zaporizhstal, Ukraine's fourth-largest smelter and part of the Metinvest Group, produced around 647,000 tons of steel, down 10.3% year-on-year. After... 15.05.2023  11:20

• The German company Salzgitter reported a decrease in steel production in the first quarter Salzgitter, a German steel and technology company, reported a 7.5% year-on-year decline in steel production in the first quarter to 1.58 million tons. The company said it expects industry demand to pick up through the end of 2023 as supply chain problems ease, especially in the European automotive... 15.05.2023  11:18