Metallurgy news

• China's steel export sales remain weak Steel export sales in China remained weak this week as lower demand from overseas buyers continued unabated and export prices for Chinese-origin steel products continued to be considered uncompetitive, Mysteel Global learned. As of August 15, the export price of China-made 4.75mm (HRC) SS400 hot... 17.08.2022  10:54

• BHP's annual profit rises sharply amid rising commodity prices BHP's net income for the fiscal year ended June 30 was $30.9 billion, up 173% from $11.3 billion a year earlier. The Group posted a record underlying attributable income of $23.8 billion, up 39% year-on-year for total operations. The group's capital expenditure and exploration costs were... 17.08.2022  10:49

• New CCM with a capacity of 1.6 million tons of slabs per year is being built in Malaysia Eastern Steel, Malaysia, part of the Jianlong Group, has contracted with Danieli to supply a high-tech slab casting machine that will supply the country with high-quality products that are currently being imported. In fact, Slab CCM #2 will process a wide range of steel grades, including low... 15.08.2022  11:06

• Construction steel demand in China is likely to remain low until the end of 2022 Domestic demand for construction steel in China is forecast to remain subdued through the end of 2022, market participants told S&P Global Commodity Insights, with key excavator sales declining in July for the fourth straight month. China's domestic excavator sales fell 24.9% year-on-year to... 15.08.2022  11:03

• New technology promises to solve iron ore problem The development of a new, environmentally friendly steelmaking technology is helping to alleviate concerns about a predicted bottleneck in the iron ore supply chain. A new report from the Institute of Energy Economics and Financial Analysis (IEEFA), Solving Iron Ore Quality Challenges for Mild... 15.08.2022  11:02

• Falling prices and inflation - a "double blow" to the steel market in North America Deteriorating prices and demand, combined with inflationary pressure on production costs, is a "double whammy" for North American flat steel producers that distinguishes this downturn from previous crises, Stelco CEO Alan Kestenbaum said Aug. 11. “In addition to deteriorating prices and demand, o... 14.08.2022  11:06

• MMK-METIZ successfully masters new equipment MMK-METIZ launched a new line for the production of calibrated steel. It can carry out the processes of metal surface treatment, stretching and straightening at the same time, greatly improving productivity. The new equipment increases the drawing speed of polished steel, increasing stability... 12.08.2022  14:13

• Iron and steel production in Ukraine decreased in January-July According to the Association of Metallurgists of Ukraine Ukrmetallurgprom, in the first seven months of 2022, pig iron production in Ukraine amounted to about 4.8 million tons, a decrease of 61.9% year-on-year. During this period, the production of crude steel in Ukraine amounted to about 4.82... 12.08.2022  13:38

• Outokumpu stainless steel shipments declined in the second quarter Outokumpu, a global stainless steel producer from Finland, said that stainless shipments in the second quarter of this year amounted to 603,000 tons, down 3.7% from the previous quarter. In the first half of the year, deliveries amounted to 1.25 million tons, an increase of 1.3% compared to the... 08.08.2022  12:16

• US Announces Preliminary Results of AD Inspection on Rebar Imports from Turkey The US Department of Commerce (USDOC) announced the preliminary results of the administrative review of the anti-dumping duty. The review period (POR) was from July 1, 2020 to June 30, 2021. During this period, reinforced concrete rebar (rebar) from manufacturers or exporters in Turkey was sold... 08.08.2022  12:15