Metallurgy news

• Swedish company receives funds for the production of decarburized steel Swedish H2 Green Steel has announced that it has received 199 million euros to develop the production of decarburized steel using renewable hydrogen. H2 Green Steel is building its first green hydrogen steel plants in Boden, northern Sweden. By 2023, its annual production should reach 5 million... 02.09.2022  13:52

• Vietnam cancels AD duties on Chinese H-rolled steel On August 31, 2022, the Ministry of Industry and Trade (MoIT) of Vietnam decided to end the anti-dumping (AD) inspection of Chinese H-shaped steel, deciding to extend AD duties of 22.09%-33.51% for another five years. This measure came into effect on September 6, 2022. The TN VED codes used... 02.09.2022  13:48

• Imports of finished steel to the EU increased in the first half of the year According to the European Association of Steel Producers (EUROFER), in the first half of this year, EU finished steel imports amounted to about 16.7 million tons, up 14% year on year. The increase was because the volume of purchases increased in the first quarter and remained stable in the second... 01.09.2022  11:11

• The Black Sea harvesting market expects growth The Black Sea billets export market is expecting new deals after several weeks of relative stagnation. Against the background of a growing decline in the production of long products in Europe, expectations are growing for an increase in imports of material of Turkish origin and the possibility of a... 01.09.2022  10:51

• Steel prices in China fell in September After stabilizing amid tentative optimism in August, Chinese steel prices are likely to weaken again in September, Wang Jianhua, chief analyst at Mysteel, predicted in his monthly forecast, noting that increased supply will be the main pressure. As spot and futures steel prices rebounded in... 01.09.2022  10:46

• Emirates Steel explores new export markets in Asia and Africa Saeed Ghumran Al Remeiti, CEO of Emirates Steel Arkan, said the group is considering expanding into new export markets in Asia and Africa to increase production and efficiency, and improve the group's international competitiveness. Al Remeiti said the export market accounts for 45% of the... 31.08.2022  11:12

• UK extends anti-doping measures against cold-rolled products from Russia and China until 2026 The UK Government has accepted the recommendation of the Remedies Authority (TRA) to extend existing anti-dumping orders (AD) on cold-rolled flat products from Russia and China for another five years until 5 August 2026. Current measures are likely to result in dumping and hurt British... 31.08.2022  11:10

• Steel production in Italy fell in July According to statistics from the Federacciai Italian steel association, Italy's steel production in July this year was about 1.6 million tons, down 27% from the same month last year. During the reporting period, Italian long products production was 888,000 tons, down 30.5% year-on-year, while... 31.08.2022  11:08

• Tata Steel signs a memorandum to set up a plant in Ludhiana ata Steel has signed a Memorandum of Understanding (MoU) with the government of Punjab to set up a 0.75 Mtpa (MnTPA) long products plant with an electric arc furnace (EAF) using scrap. This new facility initiative in Kadiana Khurd, Hitech Valley, Ludhiana in Punjab is part of Tata Steel's... 30.08.2022  13:23

• A third of China's steel mills could go bankrupt - Li Gangpo China's steel industry is entering a dangerous new era as a deepening real estate crisis threatens demand and Beijing's construction-driven growth model looks increasingly untenable. Nearly a third of China's steel mills could go bankrupt in a crisis likely to last five years, Li Gangpo, founder... 29.08.2022  10:41