Metallurgy news

• Steel production and consumption in the EU will decrease in 2023 In 2022, global steel production decreased by 4.3% year on year to 1.83 billion tons. Among them, EU steel production fell by 10.5% year-on-year to around 137 million tonnes. The decline may be caused by the war between Russia and Ukraine, which has greatly affected energy prices. EU steel... 23.03.2023  10:15

• Zaporizhstal started work on the third blast furnace Zaporizhstal, a joint venture of Metinvest Group, is taking blast furnace No. 2 out of forced hot mothballing, which has been idle since March 2022. Now Zaporizhstal’s blast furnace shop will operate with three blast furnaces. “Since March last year, blast furnace No. 2 has been in hot con... 21.03.2023  12:44

• US Steel restarts dormant kiln in Indiana Integrated steelmaker US Steel has restarted its last idle blast furnace at the Gary Works steel plant in Indiana. The company has returned to service its 1.5 million short tons per year Blast Furnace No. 8 at Gary Works, which has been idle since September 7, 2022, as demand has improved. US... 17.03.2023  10:57

• 13 countries around the world ban the export of scrap metal The practice of restricting the export of ferrous scrap is very common in the world and covers 43 countries today. Of these, 13 states generally prohibit the export of this raw material from their territory. Scrap metal is a key raw material for steel production; without it, the operation of... 15.03.2023  09:58

• Chinese Baosteel companies raise prices for April Chinese companies Baosteel, Angang and Bengang announced that they will continue to raise prices for April, of which the price of hot-rolled and cold-rolled steel rose by 200-300 yuan per ton. As for price adjustments at China's top three steel mills, Chaodong Weng, chairman of Taiwan's China... 15.03.2023  09:44

• EU electricity prices generally rose in February With the exception of Northern Europe and Germany, the average daily electricity price in most European markets exceeded 130 euros per MWh in February. Among them, Spain's electricity price rose the most, with its average wholesale electricity price doubling as wind and hydropower production... 14.03.2023  12:32

• US continues to impose duties on fittings from three countries In accordance with the final outcome of the Fast Track Fourth Review of Anti-Dumping Orders on Duties on Stainless Steel Pipe Butt Joints, the U.S. Department of Commerce (USDOC) ruled that the repeal of existing AD duty orders on qualifying goods from Italy, Malaysia, and the Philippines is likely... 14.03.2023  12:29

• Chinese policy has little effect on containment of iron ore prices To prevent illegal speculation in iron ore, China's National Development and Reform Commission issued documents aimed at strengthening supervision and curbing the unjustified rise in iron ore prices. However, with China weakening and fully open to the epidemic, this policy is ineffective, as... 10.03.2023  11:33

• Steelmakers in Germany predict price hikes in March In the German steel market, an increase in prices for steel products is predicted in March this year The March index of market sentiment amounted to 75 points, both on the part of distributors and manufacturers. The average for February was 54 points. This change indicates positive expectations... 08.03.2023  09:24

• Metinvest estimates damage from war at $3.5 billion Metinvest Group estimated the damage caused by damage and loss of control over some enterprises as a result of Russia's military actions against Ukraine at $3 billion 523 million. Such data is contained in a presentation for the JP Morgan Global Emerging Markets Corporate Conference. In... 08.03.2023  09:21