Metallurgy news

• Metinvest: steel production capacity has fallen, production will resume after the war Metinvest, Ukraine's largest steelmaker, said on Saturday it "won't operate under Russian occupation," saying more than a third of Ukraine's steelmaking capacity was shut down in the attack on the southeastern port city of Mariupol. Iron ore production in Ukraine has more than halved since... 19.04.2022  10:06

• Raw steel production in Japan for April-June will decrease by 4.2% y /y - METI Japan's crude steel production is expected to fall 4.2% in April-June from a year earlier amid slow car production due to a shortage of chips and components, the Ministry of Economy, Trade and Industry (METI) said on Tuesday. This will mark the second quarterly decline in a row. METI... 19.04.2022  10:03

• China Steel raises prices to counter rising costs China Steel Corp (中鋼), the country's largest steelmaker, is set to raise domestic steel prices by an average of 2.95 percent next month as production costs rise on rising raw material costs and an unfavorable exchange rate, the company said yesterday. The Kaohsiung-based steel company said the un... 19.04.2022  10:00

• Tata Steel to Consider Share Split Offer May 3 Tata Steel Ltd's board of directors will consider a share split proposal on May 3 and also recommend a dividend, the Indian steelmaker said in a statement on Sunday. Without specifying the share split ratio, it was said that the May 3rd meeting would consider a share split with a par value of... 18.04.2022  13:29

• Blast furnace capacity utilization in China reaches 86.42% in second week Between April 8 and 14, the blast furnace utilization rate among China's 247 steel mills increased for the second consecutive week by another 1.48 percentage points from a week to 86.42%, according to Mysteel research, as some steel mills in North and East China resumed work. operations. During... 18.04.2022  13:23

• ArcelorMittal buys 80% of HBI plant in Texas Global steelmaker ArcelorMittal plans to acquire an 80 percent stake in Voestalpine's hot briquetted iron (HBI) plant in Corpus Christi, Texas. ArcelorMittal will spend about $680 million to buy an 80% stake in Austrian Voestalpine, with the facility valued at $1 billion, Voestalpine... 18.04.2022  13:21

• ArcelorMittal buys 80% of HBI plant in Texas Global steelmaker ArcelorMittal plans to acquire an 80 percent stake in Voestalpine's hot briquetted iron (HBI) plant in Corpus Christi, Texas. ArcelorMittal will spend about $680 million to buy an 80% stake in Austrian Voestalpine, with the facility valued at $1 billion, Voestalpine... 18.04.2022  13:17

• The price of iron ore is rising Iron ore prices rose as investors awaited the Chinese government's move to lift the economy, which is suffering from a recent spike in Covid-19 cases. The 62% iron benchmark fine imported to northern China changed hands at $152.25 a ton during morning trading, up 1.06% from Wednesday's close,... 17.04.2022  10:11

• Russian-Ukrainian war led to a shortage of steel in Finland The Finnish construction industry is experiencing unprecedented hardship due to the war in Ukraine. According to the Finnish Construction Industry Confederation, about a quarter of the steel used in Finland comes from Russia, Ukraine and Belarus. Not only the construction sector, the shortage... 16.04.2022  11:16

• SSAB Americas raises plate prices SSAB Americas has announced a $60 per tonne price increase for long products for US customers. In addition, the company has decided to raise the price of the same product by about US$55/t for customers in Canada. It became known that the price increase took effect immediately with new orders.... 16.04.2022  11:14