Metallurgy news

• Import prices for HRC in Europe are consolidating In recent weeks, offers from India have risen to € 490 /t (USD 579) for HRCs from Southern Europe. One trader notes that Turkish sources may sell at € 475-485 a tonne francs, but adds that the risk that anti-dumping measures will be confirmed soon is deterring buyers. Since June, prices for imp... 18.09.2020  12:22

• Who Benefits From Steel Export To China Rising steel prices in China have made exporting to the country “lucrative” for some foreign steel suppliers such as Ukraine and Russia, said Miller Wang, chief consultant at Wood Mackenzie. Indian Tata Steel also exports to China. Since April, it has more than doubled its exports. “Indian mills ... 18.09.2020  12:18

• Coronavirus Crisis Rebuilding Asia's Steel Leaders At the end of July, Vietnamese steel company Hoa Sen Group made an unexpected announcement: it was abandoning the construction of a $ 10 billion production complex. “The current objective situation is no longer in line with the original strategic goals,” the company said. The group originally pro... 18.09.2020  12:14

• Iranian steel exports continue to fall Iranian steel exports fell 29% year-on-year in the five months to August 21 to 2.96 million tonnes, despite continued production growth, the Iranian Steel Producers Association (ISPA) said. Production of crude and finished steel increased by 10% and 3%, respectively, to 11.82 million tonnes and 8.8... 17.09.2020  13:46

• China's steel sector is seeing a rise in demand, which requires curbing import growth Chinese steelmakers have offered to prevent a sharp increase in imports of industrial metals and reduce the purchase of steel scrap overseas, according to the China Iron and Steel Association (CISA). Nine steelmakers, including the largest China Baowu Steel Group, Shougang Group and Ansteel... 17.09.2020  13:43

• Celsa Group counts on government funding Spanish steel supplier Celsa Group is considering applying to a Spanish government aid fund to help overcome the impact of the Covid-19 crisis on its business. “The company is currently scrutinizing the conditions disclosed by the solvency fund and the possibility of using temporary government a... 17.09.2020  13:39

• ArcelorMittal Kryvyi Rih has chosen a contractor for the construction of a new pelletizing plant General Director of ArcelorMittal Kryvyi Rih Mauro Longobardi signed an agreement on the creation of a project and supply of equipment for the construction of a pelletizing plant with the management of Sinosteel (China). In the conditions of quarantine in the world, the solemn signing took place... 16.09.2020  09:39

• Hydrogen as the future of metallurgy if industry in Europe survives There are many signs that the hydrogen revolution will sooner or later affect the steel industry. Before that can happen, however, the European steel industry must face the challenges of carbon dioxide emissions, an uncontrolled influx of steel from Asia or the situation created by the coronavirus... 16.09.2020  09:26

• ArcelorMittal Research to Reduce Carbon Emissions in Blast Furnaces leading steelmaker ArcelorMittal has announced a new partnership to conduct extensive research to develop an industrial solution to capture carbon from steelmaking using a blast furnace. This research is expected to contribute to a significant change in the way steel is made. The company will... 15.09.2020  12:49

• Cost increases eat up Chinese steelmakers' margins in August At China's blast furnace steel mills, most of their steel margins were cut in August by higher production costs, especially given the multiyear high prices for imported iron ore, according to Mysteel's latest monthly report. For rebar, the most popular bar in China, the average margin among 91... 15.09.2020  12:43