Metallurgy news

• 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

• Explosion at Kaiser Aluminum plant will affect US production On September 24, an explosion occurred at the Kaiser Aluminum plant in Sherman, Texas due to equipment damage. The company expected the accident to reduce the production of scrap-produced aluminum alloy profiles as production would be halted, although the exact scale is not known. If production... 29.09.2022  09:39

• Posco to resume production in December After being hit by a typhoon in early September, Posco is currently overhauling its equipment. Part of the equipment resumed production, and part of the production was transferred to another plant. Posco was expected to resume full production in December. According to Posco, the stock of most... 29.09.2022  09:37

• Kazakhstan plans to extend the ban on the export of scrap metal The government of Kazakhstan planned to extend the ban on the export of scrap metal, but first it will discuss whether this should be done before October 5. If the extension is confirmed, the ban will be extended for another six months to avoid issues such as domestic stock shortages due to scrap... 29.09.2022  09:35

• Russian Railways lowers tariffs to encourage the transportation of semi-finished products JSC Russian Railways (RZD) has announced a reduction in tariffs for the transportation of containers and steel semi-finished products in certain areas, Kallanish notes. “From this month, an 11.1% discount is introduced for the export transportation of steel billets and slabs from the N... 28.09.2022  11:11

• Posco Cuts Stainless Steel Production by 100,000 Tons South Korean steelmaker Posco says the economic downturn has hit the stainless steel market and it will cut production by 100,000 tonnes from September through the end of the year. Flooding caused by a recent typhoon flooded the Pohang plant, and stainless steel production lines could not resume... 28.09.2022  11:08

• The US is considering a law on mines aimed at limiting the control of Russia and China Republican Congressman Ken Calvert (CA-42) this week introduced the Mines Exploiting States Surveillance and Investigation Act (MINES) to "hold China and Russia accountable for their efforts to monopolize critical mineral resources around the world, especially in developing countries."... 27.09.2022  10:14

• European steel industry faces production shutdown due to rising energy prices Europe's steel industry is being forced to cut production or even shut down due to soaring energy prices, with some operators warning of permanent shutdowns. Germany, which depends to some extent on Russian natural gas, will face additional energy costs of 10 billion euros, equivalent to a quarter... 27.09.2022  10:07