Metallurgy news

• European steel prices fell to pre-war levels European prices for coiled steel continued to decline in May and early June. Service centers and distributors refrained from buying, fearing further price cuts. Mills was looking for orders in the face of declining demand. By mid-June, coil prices in Europe had declined to levels reported prior... 27.06.2022  11:47

• Demand for steel in China falls According to Beijing-based commodity consultant Simon Wu, steel mill owners in parts of China are in a bad mood. Steel inventories are slowly building up in warehouses at the country's largest steel center, the northeastern city of Tangshan, as well as in the provinces of Jiangsu and Shandong,... 27.06.2022  11:40

• Turkish crude steel production down According to the World Steel Association (worldsteel), Turkey produced about 3.2 million tons of crude steel in May, down 5.9% from the previous month and down 1.14% from the same month last year. . In total, Turkey produced about 16 million tons of crude steel in the first five months of 2022,... 24.06.2022  16:11

• Europe returns to coal-fired power generation amid energy crisis Many European countries have tried to reduce their dependence on natural gas and oil exports from Russia. However, this forced these countries to increase the use of coal for electricity generation. The Netherlands planned to remove restrictions on electricity generation from coal and other... 24.06.2022  14:11

• Tata Steel works on low-carbon technologies for steelmakers Indian company Tata Steel is developing a low-carbon transition plan for steel mills in the UK and the Netherlands to reach the goal of producing carbon-neutral steel in Europe by 2050. Tata Steel Netherlands said it is developing a combination of hydrogen-based direct reduction iron (DRI)... 24.06.2022  14:10

• UK government to extend steel quotas and tariffs The UK may extend by two years a package of tariffs and quotas on five steel products to protect the domestic steel industry. A year earlier, the UK applied new rules to protect domestic producers. It was thought that the lifting of steel safeguards would lead to more imports, which could... 24.06.2022  14:09

• Steel production in Spain fell in April due to high energy costs Spain produced 1.12 million tonnes of crude steel in April this year, hitting a new high in the past five months, but that figure was down 14% year-on-year due to high energy prices, according to statistics from the Spanish Association of Steel Producers (UNESID). . Between April 2021 and April... 15.06.2022  18:49

• Production of iron and steel in Ukraine decreased According to the Association of Metallurgists of Ukraine Ukrmetallurgprom, in the first five months of 2022, pig iron production in Ukraine amounted to about 4.15 million tons, a decrease of 53.3% year on year. During the reporting period, the production of crude steel in Ukraine amounted to... 15.06.2022  18:21

• EUROFER supports extension of steel import guarantees In order to maintain the stability of the EU steel market and at the same time ensure an uninterrupted supply, the European Steel Producers Association (EUROFER) has decided to support the further implementation of steel safeguards. In addition, the quota has been increased from 3% to 4%,... 14.06.2022  11:12

• Currency depreciation and high energy costs hit demand for long products in Turkey The depreciation of the Turkish lira against the US dollar hit demand in the domestic long products market in Turkey, while the supply of Turkish rebar plants in the export market came under pressure due to falling prices for scrap metal, S&P Global Commodity Insights reported on June 10 sources in... 14.06.2022  10:47