Metallurgy news

• Torrential rains in Brazil paralyzed the iron ore industry The price of iron ore jumped on Wednesday as heavy rains disrupted the iron ore industry in southeast Brazil. At the same time, Vale stopped its operations, and regulators were sent to monitor the impact. On the exchange, iron ore futures rose 1.9%. The 62% iron benchmark fine imported to... 13.01.2022  15:07

• Japanese company develops nickel-free alloy steel Recently, JFE Steel announced the development of FM1300S nickel-free powder alloy steel with a tensile strength of up to 1300 MPa. The impact strength, fatigue strength and cutting ability are also very good. High-temperature sintering above 1200°C does not require the use of a special furnace. ... 13.01.2022  15:03

• US Steel builds new plant next to Big River Steel plant US Steel has announced that it will build a US$3 billion plant in northeast Arkansas, adjacent to the existing Big River Steel plant. It was planned to install two electric arc furnaces at the new mill with an annual production capacity of 3 million tons of improved steel. Construction was... 13.01.2022  14:58

• Steel company revenues will start to fall from the third quarter of fiscal year 2022 ICRA, in its latest steel sector survey, said that industry revenues are expected to decline from the current quarter, third quarter of fiscal year 2022, with higher operating costs, especially for coking coal, reflected in the profit or loss of steel companies after a sharp rise in spot prices. to... 12.01.2022  10:29

• China's steel production declines in 2021 Steel production in China declined in 2021 as the country strives to meet its carbon reduction and carbon neutrality targets. The country produced about 1.03 billion tonnes of steel last year, 35 million tonnes less than in 2020, the China Metallurgy and Steel Association said on Monday. In... 12.01.2022  10:23

• A unique 3D printer for steel casting commissioned in Austria Austria's largest steelmaker Voestalpine - Steel and Technology Group has launched Europe's most advanced 3D printer for heavy steel casting at its subsidiary in Traisen. New additive manufacturing technology for the production of complex castings using quartz sand shortens production times and is... 11.01.2022  14:20

• Amurstal shipped Posco billet for export to Asia The Russian Far Eastern metallurgical plant Amurstal last year shipped 1 million tons of steel billets to the South Korean company Posco International for further export to the countries of East and Southeast Asia. Posco International exports and imports steel, cement, crude oil, heavy... 11.01.2022  10:01

• China's Daily Steel Production Increases 1.5% Late December The recovery in late December was mainly due to the fact that some steel companies in eastern China restored production capacity after completing scheduled maintenance, said Mysteel Global. The increase in daily production was in line with results from another Mysteel study, which showed that... 06.01.2022  12:49

• Russia lifts zero import duty on electric vehicles in favor of its own production Russia decided to cancel the "privileges" on the import of electric vehicles, and from January 1, the government returned 15% of the import duty. Other member states of the Eurasian Economic Union (EAEU) such as Armenia, Belarus, Kazakhstan and Kyrgyzstan are likely to introduce a similar... 06.01.2022  12:32

• A ship with coking coal from the USA arrives at the Mariupol port This is the first such delivery since March 2020, when the Mariupol Sea Trade Port handled 200 thousand tons of coking coal. In the second area of ​​the Mariupol port, the ship SELECTA with imported coking coal from the USA began to be unloaded for the coke production of the Dutch mining and met... 05.01.2022  17:15