Metallurgy news

• EU approves €5.2bn funding for hydrogen use in metallurgy The European hydrogen industry welcomed on Thursday the approval of a €5.2 billion ($5.12 billion) state aid for the region's hydrogen supply chain. “We are pleased to see that the second wave of IPCEI projects has been approved. These projects come at an ideal moment as we seek to reduce our dep... 23.09.2022  10:59

• All steel companies of the Tata group merged into Tata Steel The Board of Directors of the Tata Group approved the merger of all steel companies of the Tata Group into Tata Steel. The board of directors of the company at its meeting on Thursday approved the merger of seven steel companies with the parent steel company Tata Steel Limited. The seven steel... 23.09.2022  10:57

• Global steel production fell in August despite China's recovery Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) decreased in August for the 13th month in a row compared to the same period last year by 3% to 150.55 million tons. India continued to resist this trend, but its production grew more slowly, while... 23.09.2022  10:54

• The Impact of Sanctions on the Russian Steel Industry Although Western sanctions on the Russian iron and steel industry did not have the desired effect, Russian steel companies were forced to look for other markets and develop new logistics routes for the export of steel, semi-finished products and raw materials. As a result, in the first five... 22.09.2022  11:59

• China's daily steel output hits a 3-month high in mid-September China's daily crude steel production continued to rise in mid-September, with output rising to a three-month high of 2.89 million tonnes per day on average, up another 25,900 tonnes per day, or 0.9%, from the previous ten days, Mysteel calculated based on a regular survey of 247 blast furnaces and... 22.09.2022  11:49

• Turkey's scrap metal demand rebounds amid mobilization in Russia Most Turkish steel producers have maintained their purchase prices for scrap in the domestic market since last week. However, things are about to change as the Turkish steel market reopened after the Russian president announced a partial mobilization in his country on Wednesday. The Turkish... 22.09.2022  11:45

• Export of semi-finished products from Ukraine decreased in January-August In the first eight months of this year, due to the military actions of Russia in Ukraine and the shutdown of ports, the export of Ukrainian semi-finished products fell by 66.7% year on year to 1.59 million tons. Among them, Bulgaria accounted for 21.9% of Ukrainian exports of semi-finished... 21.09.2022  12:15

• US Steel shuts down blast furnace at Gary Works plant in Indiana US Steel said blast furnace No. 8 at the Gary Works steel plant in Indiana, which has a capacity of 1.5 million tons of raw materials per year, was shut down as early as September 7. A reopening date has not yet been set. One of two US Steel blast furnaces at Mon Valley Works in Pennsylvania is... 21.09.2022  12:11

• Prices for hot-rolled steel from the Gulf countries are growing, while in China they do not change Buyers of GCC hot-rolled coil have been receiving price increases since the beginning of last week, but Chinese mills have maintained or even reduced some quotes by $10-$15 per tonne. This week SPHT-1 3mm hot rolled coil is offered by Japanese mill at $680/t, SS400 2-3mm boron steel from India... 21.09.2022  12:09

• German company Salzgitter receives state funding German steelmaker Salzgitter will receive low-carbon steel funding from the government, which will support the first phase of the company's three-stage decarburization plan to produce 1.9 million tons of unrefined mild steel by the end of 2025. Several steelmakers in the EU have warned in recent... 20.09.2022  10:31