Metallurgy news

• Tokyo Steel to raise steel prices in March Tokyo Steel Manufacturing Co Ltd, Japan's largest electric arc furnace steelmaker, said on Monday it would raise the price of its rolled steel by 3% in March to reflect tough market conditions. The increase comes after the company kept prices for all its steel products flat for the fifth... 20.02.2023  13:52

• thyssenkrupp uses the latest technology to produce top quality CRGO in India In India, thyssenkrupp is the only manufacturer of the highest quality CRGO electrical steel. The company recently expanded its manufacturing capacity to produce world class CRGO steel at its Nashik plant. The company currently has the capacity to produce 50,000 tons of top quality CRGO. Grain... 20.02.2023  12:53

• Steel production in Ukraine fell in January According to the Ukrainian steel trading association Ukrmetallurgprom, Ukraine produced about 284,000 tons of crude steel in January, down 84.7% from the same period a year ago due to the war between Russia and Ukraine. Over the past four months, rocket attacks on Ukraine's energy infrastructure... 17.02.2023  10:29

• ArcelorMittal Dofasco and NLMK USA announce price increases for hot-rolled steel ArcelorMittal Dofasco, Canada's leading flat steel producer, has raised prices for hot rolled coil and cold rolled coil to CAD 1,200 per short ton and CAD 1,460 per short ton, respectively. The price of hot dip galvanized coil, annealed galvanized steel and aluminum has also been increased to CAD... 17.02.2023  10:05

• China's steel imports hit 30-year low in 2022 In 2022, China's steel imports totaled 10.57 million tons, down 25.9% year-on-year, the lowest since 1993. High inflation and the energy crisis have led to the high cost of steel imports to China. Among them, Japan, South Korea and Indonesia were the main importers with a total of 7.92 million... 15.02.2023  12:22

• US Steel to supply General Motors with verdeX steel United States Steel Corporation will supply General Motors with its advanced solution called verdeX steel. Steel is produced with up to 75% less emissions than conventional blast furnace production, is produced with up to 90% recycled content and can be recycled endlessly without... 15.02.2023  12:17

• UK requests review of tariff quotas on steel from developing countries At the request of the UK industry, TRA will consider exemptions for developing countries for rebar, one of the steel categories covered by the UK steel safeguard measure. To make the review more efficient, TRA consulted with the industry on scaling up. The TRA review will now consider developing... 14.02.2023  11:01

• Export of wire rod from Turkey decreased According to the Turkish Statistical Institute (TUIK), Turkey's wire rod exports totaled 1.17 million tons in 2022, down 18% year on year. The export value was US$916 million, down 12% from last year. Among them, exports to Israel amounted to 280,000 tons, an increase of 2.5% over the previous... 14.02.2023  10:56

• Coking coal rises in price due to supply problems Coking coal prices rose sharply in Australia in the week ending February 10 due to supply problems amid rainy weather and a coal train derailment in Australia. Experts valued premium hard coking coal at $370.46/t free-on-board in Australia, up $22.38/t from $348.08/t the previous week. On the... 13.02.2023  11:54

• Russian metal accounts for a significant portion of LME reserves According to the London Metal Exchange (LME), Russian metal accounted for up to 42% of total reserves, which is about 153 thousand tons. Among them, Russian aluminum amounted to about 94,000 tons, accounting for 41% of LME reserves. Copper accounted for 94% with a volume of about 55,000 tons,... 13.02.2023  11:52