Metallurgy news

• European steel industry faces production shutdown due to rising energy prices Europe's steel industry is being forced to cut production or even shut down due to soaring energy prices, with some operators warning of permanent shutdowns. Germany, which depends to some extent on Russian natural gas, will face additional energy costs of 10 billion euros, equivalent to a quarter... 27.09.2022  10:07

• Vietnamese buyers order competitive Chinese steel SS400 HRC Vietnamese importers continued to order commercial quality hot rolled coil from China last week. Orders for Chinese 3-12mm thick SS400 HRC steel were placed at around $570/t in Vietnam, Vietnamese and Chinese trade sources say. About 20,000-30,000 tons have been booked at $565-575 per ton per... 27.09.2022  10:04

• Chung Hung raises prices for galvanized products for October Chung Hung Steel Corporation (CHSC), a Taiwanese hot-rolled and cold-rolled coil and steel pipe company, has announced its price lists for October. Among them, the price of hot-rolled and cold-rolled steel remained the same, while the price of galvanized steel increased by NT$800/ton. Recently,... 26.09.2022  10:42

• General Motors makes strategic investment in Lithion Recycling General Motors says it is making a strategic investment in Quebec-based Lithion Recycling Inc. to create a closed-loop ecosystem using Lithion's advanced EV battery recycling technology, Callanish said. The investment will be made by GM Ventures, the US automaker's investment arm. It is... 26.09.2022  10:23

• EU approves €5.2bn funding for hydrogen use in metallurgy The European hydrogen industry welcomed on Thursday the approval of a €5.2 billion ($5.12 billion) state aid for the region's hydrogen supply chain. “We are pleased to see that the second wave of IPCEI projects has been approved. These projects come at an ideal moment as we seek to reduce our dep... 23.09.2022  10:59

• All steel companies of the Tata group merged into Tata Steel The Board of Directors of the Tata Group approved the merger of all steel companies of the Tata Group into Tata Steel. The board of directors of the company at its meeting on Thursday approved the merger of seven steel companies with the parent steel company Tata Steel Limited. The seven steel... 23.09.2022  10:57

• Global steel production fell in August despite China's recovery Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) decreased in August for the 13th month in a row compared to the same period last year by 3% to 150.55 million tons. India continued to resist this trend, but its production grew more slowly, while... 23.09.2022  10:54

• The Impact of Sanctions on the Russian Steel Industry Although Western sanctions on the Russian iron and steel industry did not have the desired effect, Russian steel companies were forced to look for other markets and develop new logistics routes for the export of steel, semi-finished products and raw materials. As a result, in the first five... 22.09.2022  11:59

• China's daily steel output hits a 3-month high in mid-September China's daily crude steel production continued to rise in mid-September, with output rising to a three-month high of 2.89 million tonnes per day on average, up another 25,900 tonnes per day, or 0.9%, from the previous ten days, Mysteel calculated based on a regular survey of 247 blast furnaces and... 22.09.2022  11:49

• Turkey's scrap metal demand rebounds amid mobilization in Russia Most Turkish steel producers have maintained their purchase prices for scrap in the domestic market since last week. However, things are about to change as the Turkish steel market reopened after the Russian president announced a partial mobilization in his country on Wednesday. The Turkish... 22.09.2022  11:45