Metallurgy news

• China steel futures jump on central bank optimism Steel futures prices in China jumped late Tuesday and Wednesday after the country's central bank, the People's Bank of China (PBOC), announced additional measures to boost liquidity. At a press conference on Tuesday, Liu Guoqiang, deputy governor of the PBOC, indicated that the central bank will... 20.01.2022  10:21

• Liberty Steel Resumes Steel Rod Production in South Carolina Liberty Steel resumed production on January 18 at a previously idle steel plant in Georgetown, South Carolina, a company spokesman told S&P Global Platts. The Georgetown plant was idle in April 2020 amid deteriorating market conditions at the start of the coronavirus pandemic. In December,... 19.01.2022  10:38

• Metinvest changed the terms of previously issued Eurobonds Metinvest Group, an international vertically integrated group of mining and metals companies, announced that it has successfully obtained the consent of holders of Eurobonds maturing in 2023, 2025, 2026, 2027 and 2029 to amend the terms of their issue. According to the company's press service,... 19.01.2022  10:35

• MMK has signed a contract with Danieli for the supply of four slab heating furnaces Russia's leading steelmaker Magnitogorsk Iron and Steel Works - MMK has selected Danieli Centro Combustion technology to supply four reheat furnaces for flat rolling mill #10 in Magnitogorsk, Russia. The capacity of each heating furnace will be 465 tons of slabs per hour. The new furnaces,... 19.01.2022  10:33

• 10 out of 15 steel-smelting electric furnaces continue to stand idle in Ukraine According to the association of enterprises "Ukrmetallurgprom", as of January 12, 2022, out of the main operating metallurgical capacities, 5 out of 15 electric furnaces were in operation. Also involved in the production of steel were 17 out of 21 blast furnaces, 7 out of 8 open-hearth furnaces,... 17.01.2022  11:23

• India cancels anti-dumping measures against rolled metal products from China and the EU India has canceled anti-dumping duties on painted and pre-flat steel imports from China and the EU, according to a notice from the Central Board of Indirect Taxes and Customs of India (CBIC). Last week, the Indian government also decided to cancel anti-dumping duties on imports of hot-rolled... 17.01.2022  11:18

• Omicron influences factory production in Central China A new variant of the COVID-19 Omicron virus is spreading rapidly in China, with steel mills in the hardest-hit area of ​​Central China reporting outages a week after the variant was first confirmed on January 8 in northern China's Tianjin municipality. As of Friday, Chinese medical authorities wer... 17.01.2022  11:16

• Rio Tinto to launch satellite to boost iron ore production No. 1 iron ore producer, Rio Tinto, has entered into a partnership with Pixxel, a growing American and Indian company specializing in Earth imaging technologies. Once Pixxel releases images from its first high-resolution satellite, which is scheduled to launch in late January, Rio Tinto will... 14.01.2022  11:37

• China's iron ore imports fall from record high in 2021 China's iron ore imports fell 4.3% in 2021 from the previous year's all-time high as steel production restrictions imposed to combat pollution dampened demand and pushed prices of the key metallurgical material from all-time highs. The world's largest consumer of iron ore imported 1.12 billion... 14.01.2022  11:33

• Taiwanese factories to raise stainless steel prices for February Nickel, the main raw material for stainless steel, accounts for up to 50% of the total cost. The recent price of nickel hit a ten-year high of $22,000/t due to new Indonesian policies and the fall in the US dollar. Indonesia, the world's largest nickel producer, is considering imposing export... 14.01.2022  10:41