Metallurgy news

• Britishvolt crashes British electric vehicle startup Britishvolt went into administration on Tuesday and named EY as its administrator. The company's attempts to sell a controlling interest fell through after months of uncertainty and worry for its 300 employees. Last week, Britishvolt said it was in talks about... 19.01.2023  12:00

• World Economic Forum predicts global recession in 2023 Nearly two-thirds of top economists expected a global recession in 2023, according to a report published by the World Economic Forum. in a survey previously conducted in September last year. Only a third of respondents believe that a global recession is unlikely this year. The latest World Bank... 19.01.2023  11:58

• Russia will build a new metallurgical plant The Russian authorities will begin this year the construction of the Neivastal metallurgical plant in Alapaevsk, the press service of the government of the Sverdlovsk region reports. The design capacity of the plant is 520,000 t/y of round steel and 290,000 t/y of grinding steel balls. The total... 19.01.2023  11:55

• EBRD provides loan to Serbian Metalfer for green steel production The European Bank for Reconstruction and Development (EBRD) has announced a €21.4 million loan to Serbian long products manufacturer Metalfer Steel Mill. The loan will be used to produce green steel, including the construction of a new rolling mill to process scrap and semi-finished products to i... 18.01.2023  12:10

• China reports record fossil fuel production China's fossil fuel production surged in 2022, with coal and gas hitting record highs as environmental targets took a back seat to energy security after a turbulent year for prices. That overshadowed some good climate news from the steel sector, where China is cutting production for the second year... 17.01.2023  10:40

• Export of thick-rolled steel from Brazil increased in December According to statistics, exports of thick steel from Brazil in December last year amounted to about 18,000 tons, up 42.9% from the previous month. These shipments were mainly exported by Usiminas, Gerdau and ArcelorMittal, who delivered about 11,500 tons, 5,100 tons and 1,200 tons respectively.... 17.01.2023  10:35

• India to seek EU steel quota and tariff easing in trade talks India will seek easing of quotas and tariffs on EU steel imports as it negotiates a new trade deal as Indian steelmakers struggle to sell the alloy in one of the world's largest markets. Last year, India and the EU resumed negotiations on a free trade agreement with the goal of completing... 16.01.2023  10:36

• Steel consumption in China will grow by 0.6% in 2023 China's apparent consumption of crude steel is expected to rise by 5.97 million tons, or 0.6% year on year, to 973.9 million tons in 2023, Mysteel predicts in its recently released domestic steel market forecast at this year. The real estate sector, the country's largest steel consumer, is... 16.01.2023  10:32

• NLMK-Kaluga improves environmental performance of production More than 1,500 filters of the air purification system were replaced at the NLMK-Kaluga plant (part of the NLMK Group). The centralized gas cleaning system of NLMK-Kaluga's electric arc furnace corresponds to the best existing EU technology, and the residual dust concentration is only 5... 16.01.2023  10:27

• Taiwan passes Chip Law Taiwan's legislature has approved a draft amendment to Article 10-2 and Article 72 of the Industrial Innovation Law, called the Taiwan Chip Law. It aims to attract more enterprises to make major investments in Taiwan, and to strengthen and improve the position of Taiwan's key industries, including... 10.01.2023  10:47