Metallurgy news

• Kazakhstan plans to build a new plant to reduce dependence on imports Steelmaker QazSpecSteel LLC will invest $587 million in a new plant that will help reduce Kazakhstan's dependence on foreign billet and rebar, according to a Kazakh government announcement. The new plant is estimated to have an annual capacity of 800,000 tons of steel billets and provide 1,500... 26.10.2022  11:52

• Thyssenkrupp to supply environmentally friendly steel to Waelzholz GmbH Thyssenkrupp, a German steelmaker, has announced that it will sign a Memorandum of Understanding (MoU) with Waelzholz GmbH to provide Waelzholz with bluemint® environmentally friendly steel from 2023 . From 2030, Waelzholz will increase the purchase of CO2-reduce steel step by step. The steel ... 26.10.2022  11:50

• Global Crude Steel Production Up In September YoY According to the World Steel Association (worldsteel), in September, global production of crude steel increased by 3.7% year on year and amounted to about 152 million tons. Among them, Asian crude steel production was about 113 million tons, up 10.6% year on year. At the same time, production... 26.10.2022  11:49

• Nucor's New Steel Sheet Plant in Kentucky to Launch First Production by the End of 2022 Nucor CEO Leon Topalian announced that a 1.2 million short tons (st)/yr electric arc furnace and a ladle smelter furnace have been commissioned in Brandenburg, Kentucky in Brandenburg, Kentucky. The plant was expected to produce the first sheet by the end of the year. The company said... 25.10.2022  10:06

• Ferrous scrap prices in Italy under increased pressure Domestic ferrous scrap prices in Italy could fall in the coming months as support from the country's energy crisis bailout package could be wiped out by a significant decline in steel demand. In early October, the financial authorities approved the details of a support package for... 25.10.2022  10:00

• Steel production in China in September reached a 3-month high on expectations of construction demand China's crude steel production rose to its highest level in three months in September as steel mills ramped up production in anticipation of increased construction activity ahead of winter. The world's largest steelmaker produced 86.95 million tons of the metal last month, up 3.7% from 83.87... 25.10.2022  09:57

• Global stainless steel sector expects contraction in 2022 and recovery in 2023 According to the International Nickel Research Group (INSG), global nickel production is expected to increase from 2.61 Mt in 2021 to 3.04 Mt in 2022 and 3.39 Mt in 2023. Nickel consumption is expected to increase from 2.77 Mt in 2021 to 2.89 Mt. million tons this year and 3.22 million tons next... 24.10.2022  13:14

• Shagang to become China's second largest steelmaker Shagang Group (Shagang), China's third-largest steelmaker (and arguably the runner-up) in terms of crude steel output, advanced its mergers and acquisitions (M&A) strategy by acquiring a 60% stake in Nanjing Iron & Steel United Co. (Nangang) of Chinese conglomerate Fosun International, according to... 21.10.2022  10:11

• WSA: global steel demand could fall 2% in 2022 and rise 1% in 23 During 2022, global steel demand is likely to fall by 2.3% yoy to almost 1.8 billion tons, and in 2023 there may be a growth of 1% yoy, with the volume reaching 1.81 billion tons , according to World Steel. The Association (WSA) predicted in its latest short-term forecast for 2022 and 2023 on... 21.10.2022  09:56

• Steel production in Vietnam increased in September Vietnam's finished steel production stood at 2.44 million tonnes in September, up 23.41% mom and 1.7% year on year, according to the Vietnam Steel Association (VSA). At the same time, sales of steel products amounted to 1.99 million tons, which, on a monthly basis and on an annualized basis,... 20.10.2022  10:37