Metallurgy news

• South Korean steel industry suffers huge losses due to truckers' strike When the Longshoremen Solidarity Union (CTSU) called off the strike, South Korea's logistical difficulties were finally resolved. However, the strike has already resulted in the suspension of the transportation of 920,000 tons of goods, which also meant that the local steel industry suffered a huge... 03.01.2023  11:52

• Turkish Yıldız Demir Çelik invests in new smelter and rolling mill The Turkish Ministry of Environment and Urbanization has announced that the Environmental Impact Review and Assessment (EIA) process has begun for a project proposed by Turkish steelmaker Yıldız Demir Çelik Sanayi A.Ş. build a new smelter and rolling mill in Kartepe, Kocaeli province. The pro... 31.12.2022  14:27

• Russia and India plan to abandon the use of dollars and euros in bilateral trade Russia and India planned to abandon the use of dollars and euros in bilateral settlements and conduct all trade transactions in rupees and rubles. Zamir Kabulov, head of India at Russia's foreign ministry, said that while it was a decision in principle for both sides, the trade imbalance needed to... 31.12.2022  14:16

• KAMET-STEEL resumes production of blast furnaces The Ukrainian company Kamet Steel (KAMET-STAL), part of the Metinvest group, has resumed the production of blast furnaces. The company had previously been forced to halt production due to power outages due to heavy Russian shelling. During the downtime, Kamet Steel worked to evaluate equipment... 31.12.2022  14:01

• Orders of China Steel Corp. for the first quarter of 2023 are growing rapidly China Steel Corp. said it is still hard at work on export orders for the first quarter of 2023. As the market trend improves, it is estimated that 150,000-200,000 tons more could be obtained than in the previous quarter. In the fourth quarter of this year, this coincided with the energy crisis... 30.12.2022  12:43

• Ferrexpo owner Zhevago leaves board of directors after arrest in France Konstantin Zhevago, the billionaire owner of Ukrainian iron maker Ferrexpo Plc, will leave the board of iron ore pellet maker after he was detained in France at the request of Ukrainian authorities. Zhevago was detained at a hotel in the luxury French ski resort of Courchevel on Tuesday by... 30.12.2022  12:40

• Nickel price rises to $30,000 per ton, pushing up stainless steel prices The price of nickel on the London Metal Exchange (LME) continued its upward trend and is currently at $30,000 per tonne. Prices for tin, copper, aluminum and stainless steel also rose. According to market participants, the rise in prices for stainless steel will be sustainable in January next... 29.12.2022  13:25

• China Steel Market Prospects in 2023 The global economy is expected to be in a significant recession in 2023. In this situation, global demand, including for steel, may decline. As for China's domestic market, due to China's economic stabilization policy package, investment in infrastructure construction will continue to rise in 2023.... 29.12.2022  13:23

• French Air Liquide completes construction of hydrogen pipeline for ThyssenKrupp Air Liquide, an industrial gases company in France, has completed a 4 km hydrogen pipeline to the ThyssenKrupp plant in Duisburg, and the line is part of the H2Stahl laboratory sponsored by the German Federal Ministry for Economics and Climate Protection. In 2019, ThyssenKrupp and Air Liquide... 29.12.2022  13:18

• Brazil's Vale iron ore exports fall in November Vale, a Brazilian multinational metals and mining corporation, exported about 19.3 million tons of iron ore in November, down 25.9% year-on-year, according to the National Union of Iron and Non-Ferrous Metals Industries of Brazil (Sinferbase). . year on year and down 8.2% on a monthly basis.... 28.12.2022  12:57