Metallurgy news

• European Commission proposes eighth round of sanctions against Russia European Commission President Ursula von der Leyen said an eighth package of sanctions against Russia has been proposed in connection with its escalating invasion of Ukraine. The proposed sanctions included tighter trade restrictions, new individual blacklists, and an oil price cap on third... 04.10.2022  10:42

• Saarstahl Ascoval cuts steel production by 50% due to high energy costs German long steel producer Saarstahl has decided to cut steelmaking capacity at its French steel mill Saarstahl Ascoval by 50% from October to December due to high energy costs. The furnace at Askovale will be closed every Monday in October and restarted every morning from Wednesday to Sunday in... 04.10.2022  10:22

• US Steel stops Mon Valley blast furnace Integrated steelmaker US Steel is indefinitely shutting down a blast furnace at its Mon Valley Works plant in Pennsylvania. The company is not shutting down its 1.4mtpa Blast Furnace No. 3 after it completed scheduled maintenance to help "balance our production against our order book," a company... 04.10.2022  10:13

• World production of Toyota cars increased in August and January-August Japanese Toyota Motor Corp. reported that its car production in Japan reached 196,038 units in August, up 5.6% year-over-year, while overseas production rose 65.1% year-on-year to 570,645 units. , which was the first increase. since March, mainly due to growth in overseas markets, especially in... 03.10.2022  10:09

• China iron ore price index rises China Iron Ore Price Index (CIOPI) stood at 360.51 on September 30, up 0.39% or 1.40 points from the previous CIOPI on September 29, according to the China Iron and Steel Industry Association (CISA). . the ore price index was 370.13 points, up 0.76% or 2.78 points from the previous day; the... 03.10.2022  10:07

• Steel exports from Japan fell Japan exported a total of about 21.9 million tons of steel products in the first eight months of this year, down 4.4% from last year, according to statistics from the Japan Iron and Steel Federation (JISF). Among them, exports to South Korea accounted for the largest share, amounting to about... 03.10.2022  10:06

• Pig iron production in Russia decreased in January-August According to the Federal State Statistics Service (Rosstat), over the eight months of this year, pig iron production in Russia decreased by 3% compared to the same period last year, amounting to 34.6 million tons. In August alone, pig iron production in Russia amounted to 4.3 million tonnes,... 03.10.2022  10:05

• Demand and prices for Russian slabs stabilized Trading prices for slabs from Russia remained largely in the same range in September, with purchases traditionally made by Turkey and Europe. At the same time, the Russian Far East lagged behind amid sluggish sentiment in the market for finished flat products. In fact, in September, Asia emerged... 30.09.2022  11:59

• Nippon Steel and ArcelorMittal JV to Spend $5B to Increase Capacity Indian joint venture ArcelorMittal and Nippon Steel will invest 410 billion rupees ($5 billion) to increase crude steel production capacity by 6 million tonnes a year at its Hazira plant, the Japanese company said on Wednesday. The AM/NS India joint venture will build two blast furnaces, as well... 30.09.2022  11:56

• Ukrainian plants operate at 15% of steel production capacity Currently, there are six metallurgical enterprises operating in Ukraine, the average capacity utilization of which is about 15% of the pre-war level, says Alexander Kalenkov, president of the national metallurgical association Ukrmetallurgprom. “The situation at the mining enterprises looks a l... 30.09.2022  11:51