Metallurgy news

• U.S. inflation hits 40-year high in June US consumer prices accelerated 9.1% y/y in June, a four-decade high that surpassed most analysts' forecasts and supports the US Federal Reserve's current policy of sharply raising interest rates. The consumer price index (CPI) in June rose to the highest since November 1981, exceeding the annual... 14.07.2022  10:44

• Italian company Arvedi reaches zero CO2 target for steel production Acciaieria Arvedi, an Italian flat steel manufacturer, has become the first steel mill to be certified net carbon zero. The Net Zero CO2 Emission Certificate has been approved by a third party, Rina. He evaluated all direct and indirect manufacturing processes. Arvedi started investing in... 14.07.2022  10:29

• India allows international trade settlements in rupees The Reserve Bank of India (RBI) has allowed international trade settlements between India and other countries from July 11, including transactions with Russia and Sri Lanka, in rupees. The move is aimed at facilitating steel and coking coal deals between India and Russia, Callanish sources... 13.07.2022  10:56

• Brazil iron ore exports up in June Brazilian iron ore exports totaled about 32.1 million tons in June, up 26.4% from the previous month and down 4.3% year on year, according to the Brazilian Ministry of Economy. Among them, exports to China accounted for 69.8% of Brazil's total iron ore exports, from 22.41 million tons, up 42%... 13.07.2022  10:14

• HBIS to shut down blast furnace in Smederevo due to low demand HBIS Group Serbia Iron & Steel will shut down Blast Furnace #1 at its Smederevo plant due to low global demand for steel products, Callanish said. “Preparations for the closure of Blast Furnace #1 at HBIS Serbia are ongoing,” the spokesman said. “The reason for this is the global market situa... 12.07.2022  11:38

• Russia reduces steel production to 2020 levels Since the beginning of the year, steel prices in Russia have fallen by more than a third and rolled back to the level of 2020, the Russian Steel Association confirms. “Steel prices have fallen by 35% since the beginning of the year, while production costs have risen by almost 50%,” Andrey Leo... 12.07.2022  11:34

• Daily steel production in China hit a 4-month low in early July Daily crude steel production in China continued to decline during the first ten days of July and hit a four-month low of 2.73 million tons per day, another 95,300 tons per day or 3.4% less than at the end of June, according to Mysteel. based on his regular data. survey among 247 blast-furnace and... 12.07.2022  11:32

• Steel production in India to double in 8 years India's steel production will double to 240 million tonnes over the next eight years, newly appointed steel minister Jyotiradithya Scindia said on Monday, July 11. “Steel makes an important contribution to the economic development of any country. Today, India is the second largest steel producer ... 12.07.2022  11:29

• bp and thyssenkrupp plan hydrogen steel deliveries bp and thyssenkrupp Steel have signed a memorandum of understanding aimed at developing long-term supplies of low-carbon hydrogen and renewable energy sources for steel production. Companies will explore options for supplying both blue and green hydrogen, as well as wind and solar power through... 11.07.2022  12:10

• Germany abandons zero-carbon target by 2035 Germany will revise its bill and cancel its goal of reaching zero carbon emissions in 2035 by restarting coal-fired power plants. Initially, Germany set itself an important climate goal to neutralize greenhouse gas emissions, which was supposed to ensure the development of the energy industry... 11.07.2022  12:07