Metallurgy news

• Slab prices are down, they may have bottomed out World trade prices for slabs continue to decline in line with the overall global downward trend as it breaks down into a two-tier pricing system. Since Iran and Russia are in the lower price segment and somewhat limited in terms of sales geography, prices for their slabs are currently about... 09.06.2022  09:10

• TCUD: Turkish steel production up in April According to the Turkish Iron and Steel Producers Association (TCUD), Turkey's steel production in April this year stood at 3.4 million tons, up 1.6% from the same month last year. Crude steel production from January to April was 12.8 million tons, down 3.2% year on year. In April, steel exports... 07.06.2022  10:31

• ArcelorMittal announces investment to increase plant capacity in Brazil ArcelorMittal, the world's second largest steelmaker, announced last Wednesday a new investment of 144 million reais in its plant in Sabara, located in the Brazilian province of Minas Gerais. Thanks to these investments, the capacity of the plant will increase by 35%. Jefferson De Paula,... 07.06.2022  10:24

• Tangshan Billet Manufacturers Finally Get Started The price of a 150mm square Q235 billet in Tangshan, the largest steelmaking center in northern China's Hebei province, rose from a four-month low last week to CNY 4,500/t ($671.2/t) on EXW terms, including VAT 13 %. as of June 2, an increase of 50 yuan per ton or 1.1% compared with May 27,... 07.06.2022  10:21

• May 2022 New Steel Capacity Overview Data from the latest investment in production and capacity by large steel producers was announced this month. Europe The German company Elbe-Stahlwerke Feralpi (ESF) has awarded Danieli a contract to build a new section mill at its Rize site. The unit contains sixteen rolling stands, a... 07.06.2022  10:19

• Zaporizhstal: production results in May 2022 In May 2022, Zaporizhstal produced 157.5 thousand tons of pig iron, 131.7 thousand tons of steel, shipped 121.2 thousand tons of rolled products. the same period last year is associated with a shortage of raw materials and logistical problems caused by full-scale military operations on the... 03.06.2022  14:28

• Vina Roma offers Vietnam to build a plant for the production of thick steel Vina Roma Quang Tri Steel joint-stock company has put forward a proposal to build a steel plant with a capacity of 4.5 million tons per year in Quang Tri, central Vietnam. The provincial government announced on May 27 that the proposed Quang Tri Iron and Steel Complex will produce structural steel,... 03.06.2022  09:44

• British steel and aluminum exporters begin duty-free exports to the US Exporters of steel and aluminum in the UK no longer need to pay duties on exporting materials to the US, with some volumes allowed to export duty-free from 1 June. In March, the US announced that it would replace Section 232 steel and aluminum tariffs on UK supplies with a quota system. Up to... 03.06.2022  09:41

• Export sales of hot-rolled steel from India blocked by new tariffs The Government of India recently announced a 15% export duty on steel products, including hot rolled coil (HRC), which is hindering the export sales of Indian steel mills. Vietnamese company Formosa Ha Tinh Steel recently offered discounts on domestic prices for deliveries in July-August.... 03.06.2022  09:40

• Global steel production fell 5% in April worldsteel data shows global crude steel production stood at 162.7 million tonnes in April, down 5.1% from the same month in 2021. This is the ninth month in a row that a decline has been recorded compared to last year. The decline, which began in mid-2021, was initially due to rising gas and... 03.06.2022  09:35