Metallurgy news

• Pinchuk bought out 100% of shares of the leading private gas company in Ukraine Geo Alliance Group Limited, owned by companies controlled by Ukrainian businessman Viktor Pinchuk, has completed the purchase of a 50% stake in Geo-Alliance Oil-Gas Public Limited from Arawak Energy Ukraine B.V., a subsidiary of international trader Vitol. This was reported by Geo Alliance. As a... 04.01.2022  13:32

• Blast furnace charging capacity in China exceeded 75% Between 24 and 30 December, blast furnace utilization rates at 247 Chinese steel mills, according to a study by Mysteel, increased another 1.46 percentage points to 75.79% in the second week, as some steelmakers in eastern China resumed operations after interruptions in maintenance. During the... 04.01.2022  12:36

• Exports of rolled metal products from the EU are limited by deals with the USA Consultant Andreas Schneider believes that an agreement between the EU and US governments to lift Donald Trump's trade barriers to steel will not mean a significant increase in US exports. There will be no significant redirection of volumes from the internal European market, unlike some enterprises... 04.01.2022  12:32

• Coal prices are expected to rise due to the suspension of coal exports from Indonesia The world's largest coal exporter, Indonesia, has halted steam coal exports since January 1, 2022 to divert supplies to domestic utilities that are struggling with severe fuel shortages and to avoid widespread power outages that could disrupt economic activity in the country. The unprecedented... 03.01.2022  13:08

• China seeks to reduce energy intensity of steel production China is aiming to cut steel energy consumption by 2% and reduce carbon emissions from the aluminum sector by 5% by 2025, the country's industry ministry said in a raw material development plan on Wednesday. The Ministry of Industry and Information Technology (MIIT) said the country will also... 03.01.2022  12:34

• Dnipro Metallurgical Plant stops steel production There are several reasons for the shutdown of the Dnieper metallurgical production - repairs, unofficial - the unprofitability of steel smelting due to the restrictions of the Russian Federation on the supply of coke. The Dnieper Metallurgical Plant (DMZ) of Kharkiv businessman Alexander... 03.01.2022  12:12

• During the quarantine, 20% of gas produced in Ukraine will be sold through the exchange The Cabinet of Ministers of Ukraine adopted a resolution according to which gas producing companies are obliged to sell on the exchange 20% of the gas produced in Ukraine during the quarantine period, but no longer than May 1, 2022. The corresponding decision, which amends the Resolution of the... 01.01.2022  14:08

• Iron ore futures end 2021 down 12% thanks to China China's benchmark iron ore futures declined for the first time in three years as prices hit record highs and then nearly halved amid Beijing's stringent production restrictions to meet its climate change targets. The most actively traded iron ore futures contract on the Dalian Mercantile Exchange... 01.01.2022  13:40

• POSCO announces transformation into a holding South Korean steelmaker POSCO has announced its decision to spin off its steel business and transform it into a holding structure. The restructuring plan for the unbundling of the steel business at POSCO Holdings was approved by the POSCO board of directors on December 10, and POSCO Holdings... 20.12.2021  13:11

• Steel mills in China continue to resume production Several steel mills in China have recently resumed production. In early December, crude steel production at key Chinese steelmakers rebounded significantly. Meanwhile, sustained macro-level growth policies were expected to continue to strengthen, spurring a recovery in the iron ore market, while... 20.12.2021  13:09