Metallurgy news

• POSCO factory fire could benefit Chinese exports A fire broke out at POSCO's South Korean stainless steel line #2 and hot rolling mill #2 (carbon steel) in Pohang, North Gyeongsang province, limiting their production. It is likely that this will benefit the export of stainless steel coils from China to South Korea. The cause of the fire at... 14.09.2022  10:57

• Rio Tinto resumes iron ore mining in Western Australia British-Australian Rio Tinto has resumed operations on the rail line that connects the 43 Mtpa Gudai Darri mine to a port in the Pilbara region of Western Australia (Western Australia) after 20 wagons derailed on 3 September. The 10-day fence shutdown will make it harder for Rio Tinto to hit its... 14.09.2022  10:52

• China's daily steel production continues to rise in September Daily crude steel production in China continued to rise during the first ten days of September and averaged 2.86 million tons per day, another 102,100 tons or 3.7% more than at the end of August, Mysteel calculated based on its regular survey. among 247 blast furnaces and 85 blast furnaces.... 14.09.2022  10:45

• Ukraine introduces a ban on the export of coking coal to provide heating in winter The Ministry of Energy of Ukraine reported that Ukraine has decided to impose a ban on the export of coking coal in order to prevent the abuse and manipulation of the quality of coal that can be used to power thermal power plants during the heating season. In June, the Ukrainian government... 13.09.2022  13:04

• Steelmakers see prices falling Indian manufacturers could benefit from opportunities in export markets amid ongoing European energy crisis Working conditions for steel producers deteriorated due to further falling steel prices and higher coking coal prices. The demand situation is still subdued. Domestic hot rolled coil... 13.09.2022  12:36

• Profitability of steel companies will almost double in the second half of the year According to the report, steel producers expect better times in the second half of the current fiscal year, as lower costs and strong domestic demand will ease pressure on their margins and boost their operating margin to more than 25%. The rating agency's report said the industry was hit by... 13.09.2022  11:43

• China Shagang High Carbon Wire Rod Successfully Passed UK CARES Steel Certification Recently, China's Shagang SWRH82B and SWRH77B high carbon wire rod factory passed the UK CARES steel certification and became the first factory to be qualified as a high carbon wire rod manufacturer in China. High carbon wire rod SWRH82B and SWRH77B are generally made of stranded wires, springs... 12.09.2022  08:48

• POSCO plans to export slabs to get rid of stocks due to flooding According to potential buyers of POSCO, POSCO's trading department said it would sell high-quality slabs and open bulk orders from 40,000 to 50,000 tons. POSCO said it is not yet sure how many slabs will be exported as the mill is still calculating losses. POSCO also asked the client to specify... 12.09.2022  08:46

• European metal producers face downsizing or shutting down due to high energy costs Many European metal producers could face shutdowns due to high electricity prices as Russia cut off natural gas supplies to Europe and caused energy prices to rise. Therefore, the European Non-Ferrous Metals Association (Eurometaux) has indicated that the EU must deal with the problems. The... 12.09.2022  08:43

• Dneprovsky Iron and Steel Works reduced costs for the production of steel wire rod Plant "Kametstal" of the Dutch mining and metallurgical holding Metinvest B.V. (Metinvest), created at the facilities of the Dnieper Metallurgical Plant (DMK, Kamenskoye, Dnepropetrovsk region), continues to improve production processes and increase their efficiency. This was reported in the press... 09.09.2022  11:59