Metallurgy news

• Steel production in Turkey hits new high Turkey's crude steel production was 3.5 million tonnes in August this year, up 7.1% from the same month last year, the highest monthly volume, according to the Turkish Iron and Steel Association (TCUD). production and maintained Turkey's position as the seventh largest producer of crude steel in... 05.10.2021  09:48

• USA retains duty on flat products from 6 countries Following the final outcome of the Anti-Dumping Duties (AD) Accelerated Review, the US Department of Commerce (USDOC) found that the cancellation of the existing AD order for certain cold rolled flat products from Brazil, China, India, Japan, South Korea and the UK could lead to a continuation or a... 05.10.2021  09:38

• China's Coking Coal Deficit and Steel Restrictions Support Scrap Prices Ferrous scrap prices are supported by Chinese demand for decarbonisation, reduced air emissions and limited growth in steel production, as supplies of coking coal and electricity remain limited. Prices for imported HRS101 scrap metal in China are estimated to remain high at $ 598 per tonne CFR... 04.10.2021  10:00

• ArcelorMittal decarbonization project in Europe The European Investment Bank (EIB) has provided a € 280 million loan to leading steel company ArcelorMittal to support its research and development programs on decarbonization from 2021 to 2023, which will be carried out in several EU countries. The loan is secured by a guarantee from the European S... 04.10.2021  09:49

• Results of metallurgical production in Ukraine for 9 months of 2021 According to preliminary data for 9 months of 2021, metallurgical enterprises produced: 16.15 million tons of pig iron, which is 6.4% higher compared to the period January-September 2020; 16.29 million tons of steel, which is 6.3% more than in 2020; 14.52 million tons of rolled metal, which is... 04.10.2021  09:37

• Tata Steel reaches agreement to sell stake in steel division Integrated steel company Tata Steel Ltd. headquartered in India said it has reached a definitive agreement to sell its 100% stake in Singapore-based steelmaking facility to TS Global Holdings. A final agreement has been reached to sell the entire stake in NatSteel Holdings Pte Ltd for $ 172... 03.10.2021  14:44

• Japan sues China over stainless steel imports Japan's Ministry of Economy, Trade and Industry (METI) announced that the World Trade Organization (WTO) has set up a Dispute Settlement Commission on September 27 over China's Anti-Dumping Measures (AD) against Japanese stainless products. The Chinese government has introduced AD measures on... 01.10.2021  10:59

• Steel Exports from India Expect Sharp Growth India is forecast to become more of a steel exporter. The volume of steel exports from the country will increase significantly. Continuing weakness in domestic demand has boosted India's steel exports over the past few months. Until fiscal year 20, the country exported about 5 million tons of... 01.10.2021  10:25

• ArcelorMittal Announces Large-Scale Investment Project at Metallurgical Plant in Ghent The new direct reduction (DRI) plant will use natural gas or hydrogen, which will lead to significant reductions in carbon dioxide emissions. ArcelorMittal, a Luxembourg-based multinational steel company, has announced an investment in a major modernization project at its steel plant in Ghent,... 30.09.2021  10:30

• ThyssenKrupp plans to introduce carbon surcharge German steelmaker ThyssenKrupp is considering a carbon surcharge. The company set a carbon price of € 45.93 per tonne and said it produces 2.1 tonnes of carbon dioxide for every tonne of crude steel. A cost of € 96.45 per tonne for every tonne of crude steel will be produced, ThyssenKrupp will ha... 30.09.2021  10:25