Metallurgy news

• Fortescue Reports Supply Growth, But Labor Shortages The world's fourth-largest iron ore producer has voiced its concerns. Australian mining company Fortescue Metals Group on Tuesday reported a 2% increase in second-quarter shipments, but noted pressure from strong demand for labor and resources, as well as supply chain restrictions due to the... 25.01.2022  10:24

• EUROFER demands an increase in the duty rate on hot-rolled steel from Severstal The European Steel Producers Association (EUROFER) has asked the European Commission to impose higher anti-dumping duties (AD) on hot-rolled coil (HRC) from Russian steelmaker Severstal. EUROFER reports that the current AD duty rate for Severstal's hot-rolled coil is EUR 17.60 per ton, compared... 25.01.2022  10:10

• Australian coal stuck in its ports Most of the Australian coal used by steelmakers and stored in Chinese ports after Beijing's import ban has now been cleared, according to research firm Fengkuang Coal Logistics, although there is no indication that the halt to new shipments will be lifted. Customs data from the last quarter of... 25.01.2022  09:46

• Nickel prices soar to $24,000 per ton The world prices for nickel rose consistently last week. Nickel futures on the LME rose over $200 last Friday (January 21) to an 11-year high of $24,000/t. At the same time, market stocks monitored by the LME fell to 93,480 tonnes. Nickel prices rose five consecutive weeks as market inventories... 24.01.2022  12:10

• Steel prices may rise in February Steel consumption in India is growing on a monthly basis and steel prices are expected to stabilize, Seshagiri Rao, joint managing director of JSW Steel, said. HRC (hot rolled coil) steel prices in India hit an all-time high of Rs 70,875 last November. However, due to price pressure and... 24.01.2022  12:05

• U.S. and Japan promise quick resolution to difficult tariff talks US President Joe Biden and Japanese Prime Minister Fumio Kishida have vowed to find a speedy solution to ongoing trade and tariff talks while countering China's efforts to "change the status quo" in the East and South China Seas. In a 90-minute video call on Friday (January 21), the two allies... 24.01.2022  11:52

• Intel to Build $20 Billion Chip Factories in Ohio US chip maker Intel will spend $20 billion to build two new factories in Ohio. Callanish learned about this from the announcement of the company. Semiconductor factories are receiving $100 million in educational funds "to create a flow of talent and support research programs in the region," the... 24.01.2022  11:48

• American company plans to smelt the first steel on the Moon in 2024 The Houston-based company says the dusty gray regolith scattered across the lunar surface is valuable. Lunar Resources is developing a technology for extracting iron, aluminium, magnesium and silicon from the surface layer of loose lunar soil. The materials obtained by space metallurgists,... 22.01.2022  12:34

• China's largest steelmaker Hebei predicts a 10% decline in production in 2021 China's largest steelmaker, Hebei Province, cut crude steel production by 10% in 2021 due to stringent environmental controls aimed at limiting pollution and reducing carbon emissions. The northern province of Hebei, which produces more than twice as much as India's second-largest steel... 21.01.2022  14:35

• Ukrzaliznytsia in 2021 increased sales of scrap metal by 2.8 times In 2021, Ukrzaliznytsia JSC successfully held 106 auctions for the sale of scrap metal in the Prozorro.Sales electronic trading system, selling 203.4 thousand tons of scrap worth UAH 1.704 billion. The specified amount is 13.7% more than the starting price of auctions and 2.8 times more than the... 21.01.2022  14:32