Metallurgy news

• Layoff plan approved for ArcelorMittal subsidiary in Spain An application for temporary layoffs at ArcelorMittal's Spanish subsidiary due to force majeure following a fire at a copper smelter in Gijón in March was approved by Spanish labor authorities, the company said on April 19. The details of the plan, which was proposed on March 24, were not ... 25.04.2023  11:08

• Liberty Steel plant in Ostrava delays payments to energy supplier The European steel market is “challenging,” a spokesman for Liberty Steel Group told Argus when asked if the Ostrava plant was behind on payments to suppliers. Liberty said that despite the difficulties, it "worked proactively with suppliers and customers to ensure" that Ostrava's operations wer... 25.04.2023  10:28

• EU extends stainless steel tariffs for China and Taiwan The European Commission said on Friday it had extended anti-dumping tariffs on stainless steel fittings from China and Taiwan for five years and extended them to Malaysia. A review of the measures by the Commission concluded that the removal of tariffs would result in ongoing dumping in the... 21.04.2023  11:59

• East and Southeast Asia to drive recovery in steel demand According to Worldsteel's latest short-term forecast, global steel demand will start to recover in 2023 after falling 3.2% in 2022. East and Southeast Asia will provide the bulk of demand growth in 2023, offsetting weakness in Europe and the US. China's steel demand is expected to grow by 2% to... 21.04.2023  11:58

• The Supreme Court recognized Ferrexpo as the legal owner of a 40% stake in Poltava GOK The Grand Chamber of the Supreme Court (SC SC) of Ukraine at a meeting on Wednesday, April 19, canceled the decision of the Northern Economic Court of Appeal to invalidate the 2002 agreement on the sale and purchase of 40.19% of the shares of the Poltava Mining and Processing Plant (PGOK) to four... 20.04.2023  14:19

• Prices for welded pipes will rise due to a shortage in Europe Disruptions in the production of hot rolled coils in Europe affect the supply of derived coils and slow down the production of pipes. Italian distributors and re-rollers are reporting a problem with the supply of welded pipe, for which certain grades are difficult to find, and even commercial... 19.04.2023  11:48

• In Ukraine, foreign exchange earnings from the export of ferrous metals have fallen by 4 times since the beginning of the year In January-March 2023, Ukrainian metallurgical enterprises reduced revenues from the export of ferrous metals by 4 times compared to the same period last year - to $583.69 million from $2.36 billion. According to statistics from the State Customs Service, over this period, ferrous metals... 11.04.2023  10:22

• ArcelorMittal Poland modernizes coking plant ArcelorMittal Poland (AMP), a subsidiary of ArcelorMittal, has announced that it will invest PLN 165 million to modernize its coking plant in Zrzeszowice. AMP said the renovation project also included the addition of three flue gas denitrification units for its cogeneration plant (CHP) and the... 10.04.2023  10:25

• Tata Steel's Steel Production Reaches 19.9 Mt in FY22-23 Tata Steel, India's leading steelmaker, said its crude steel production reached its highest level of 19.9Mt in fiscal year 2022-23 (April 2022-March 2023) with sales of 18.9Mt . The increase in the company's operations in India by 4.3% year on year was due to the removal of bottlenecks at each... 10.04.2023  10:24

• Russia is considering extending the quota for the export of ferrous scrap Russia is considering extending the quota for the export of ferrous metal scrap outside the Eurasian Economic Union (EAEU) until the second half of this year. The quota of 600,000 tons was initially valid from January 1 to June 30, 2023. The measure to limit the export quota of ferrous scrap was... 10.04.2023  10:21