Metallurgy news

• POSCO plans to export slabs to get rid of stocks due to flooding According to potential buyers of POSCO, POSCO's trading department said it would sell high-quality slabs and open bulk orders from 40,000 to 50,000 tons. POSCO said it is not yet sure how many slabs will be exported as the mill is still calculating losses. POSCO also asked the client to specify... 12.09.2022  08:46

• European metal producers face downsizing or shutting down due to high energy costs Many European metal producers could face shutdowns due to high electricity prices as Russia cut off natural gas supplies to Europe and caused energy prices to rise. Therefore, the European Non-Ferrous Metals Association (Eurometaux) has indicated that the EU must deal with the problems. The... 12.09.2022  08:43

• Dneprovsky Iron and Steel Works reduced costs for the production of steel wire rod Plant "Kametstal" of the Dutch mining and metallurgical holding Metinvest B.V. (Metinvest), created at the facilities of the Dnieper Metallurgical Plant (DMK, Kamenskoye, Dnepropetrovsk region), continues to improve production processes and increase their efficiency. This was reported in the press... 09.09.2022  11:59

• Apparent consumption of stainless steel in Russia increased by 3.2% in the first half of the year According to the statement of the Russian association Spetsstal, in the first half of this year, 282,110 tons of stainless steel were consumed in Russia, which is 3.2% more than in the same period of 2021. Apparent consumption of cold rolled flat products decreased by 5.8 percent, long products... 09.09.2022  11:54

• ArcelorMittal stops blast furnace in Poland Europe's largest steelmaker ArcelorMittal will shut down blast furnace No. 3 with a capacity of 2.2 million tons per year at its plant in Dąbrowa Górnicza in Poland at the end of September due to falling demand and rising energy prices. “We are seeing a decrease in demand, which leads to the ord... 09.09.2022  10:47

• Nippon Steel raises steel prices for Toyota Toyota Motor will increase the price of automotive steel it sells to parts makers by about 40,000 yen ($289) a ton in the second half of the fiscal year in October-March after the latest round of talks with Nippon Steel, a Japanese media outlet. says in the report. Nikkei notes that Toyota is... 03.09.2022  12:08

• Stainless steel production in Russia remained stable in July According to statistics from the Federal State Statistics Service (Rosstat), Russia's stainless steel production in July this year stood at about 18,700 tons, largely flat from the previous month but down 3.4% from a year earlier. In total, about 147,000 tons of stainless steel were produced in... 03.09.2022  12:06

• ArcelorMittal to shut down blast furnace in Asturias, Spain European market leader ArcelorMittal is suspending Blast Furnace A at its plant in Asturias, Spain due to weak demand. The plant will shut down at the end of September in response to economic uncertainty and declining confidence among steel consumers, the company said. He also stated that... 02.09.2022  14:07

• Nippon Steel plans to almost double India's capacity Toyota Motor will increase the price of automotive steel it sells to parts makers by about 40,000 yen ($289) a ton in the second half of the fiscal year in October-March after the latest round of talks with Nippon Steel, a Japanese media outlet. says in the report. Nikkei notes that Toyota is... 02.09.2022  14:05

• 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