Metallurgy news

• The Supreme Court recognized Ferrexpo as the legal owner of a 40% stake in Poltava GOK The Grand Chamber of the Supreme Court (SC SC) of Ukraine at a meeting on Wednesday, April 19, canceled the decision of the Northern Economic Court of Appeal to invalidate the 2002 agreement on the sale and purchase of 40.19% of the shares of the Poltava Mining and Processing Plant (PGOK) to four... 20.04.2023  14:19

• Prices for welded pipes will rise due to a shortage in Europe Disruptions in the production of hot rolled coils in Europe affect the supply of derived coils and slow down the production of pipes. Italian distributors and re-rollers are reporting a problem with the supply of welded pipe, for which certain grades are difficult to find, and even commercial... 19.04.2023  11:48

• In Ukraine, foreign exchange earnings from the export of ferrous metals have fallen by 4 times since the beginning of the year In January-March 2023, Ukrainian metallurgical enterprises reduced revenues from the export of ferrous metals by 4 times compared to the same period last year - to $583.69 million from $2.36 billion. According to statistics from the State Customs Service, over this period, ferrous metals... 11.04.2023  10:22

• ArcelorMittal Poland modernizes coking plant ArcelorMittal Poland (AMP), a subsidiary of ArcelorMittal, has announced that it will invest PLN 165 million to modernize its coking plant in Zrzeszowice. AMP said the renovation project also included the addition of three flue gas denitrification units for its cogeneration plant (CHP) and the... 10.04.2023  10:25

• Tata Steel's Steel Production Reaches 19.9 Mt in FY22-23 Tata Steel, India's leading steelmaker, said its crude steel production reached its highest level of 19.9Mt in fiscal year 2022-23 (April 2022-March 2023) with sales of 18.9Mt . The increase in the company's operations in India by 4.3% year on year was due to the removal of bottlenecks at each... 10.04.2023  10:24

• Russia is considering extending the quota for the export of ferrous scrap Russia is considering extending the quota for the export of ferrous metal scrap outside the Eurasian Economic Union (EAEU) until the second half of this year. The quota of 600,000 tons was initially valid from January 1 to June 30, 2023. The measure to limit the export quota of ferrous scrap was... 10.04.2023  10:21

• Ferrexpo pellet production in Q1 amounted to 0.9 mt At the end of Q1 2023, Ferrexpo Group doubled iron ore pellet production to 0.9 mt compared to Q4 2022, when production amounted to 0.42 mt. The doubling of pellet production is due to an improvement in the situation with the supply of electricity for the Group's enterprises in Ukraine. This, in... 07.04.2023  10:18

• Three bids for Belgian Liberty Steel mills The first stage of bidding for the sale of Liberty Steel's rolling mills in Liege (Belgium) has been completed. Liberty Steel's Belgian assets include two hot dip galvanizing coil lines at Flemal and a packaging steel line at Tiller. The enterprises are capable of producing up to 1 million tons... 07.04.2023  10:10

• Hoa Phat reduces domestic prices for hot-rolled rentals Vietnam's Hoa Phat Dung Quat has reduced the price of new domestic hot rolled coil shipments for May/June deliveries. This is coupled with weaker domestic and regional HRC markets. An unsurfaced SAE1006 or SS400 HRC was set at the equivalent of VND16,030 per kg (about $680 per tonne) in Ho Chi... 04.04.2023  10:51

• Steel exports from China increased in Jan-Feb y/y From January to February, Chinese exports of steel products increased by 49% year on year to about 12.19 million tons, according to the China Customs Administration. At the same time, the export of color-coated flat products amounted to about 869,000 tons, decreasing by 1.41% year on year. In... 04.04.2023  10:44