Metallurgy news

• Tata Steel works on low-carbon technologies for steelmakers Indian company Tata Steel is developing a low-carbon transition plan for steel mills in the UK and the Netherlands to reach the goal of producing carbon-neutral steel in Europe by 2050. Tata Steel Netherlands said it is developing a combination of hydrogen-based direct reduction iron (DRI)... 24.06.2022  14:10

• UK government to extend steel quotas and tariffs The UK may extend by two years a package of tariffs and quotas on five steel products to protect the domestic steel industry. A year earlier, the UK applied new rules to protect domestic producers. It was thought that the lifting of steel safeguards would lead to more imports, which could... 24.06.2022  14:09

• Steel production in Spain fell in April due to high energy costs Spain produced 1.12 million tonnes of crude steel in April this year, hitting a new high in the past five months, but that figure was down 14% year-on-year due to high energy prices, according to statistics from the Spanish Association of Steel Producers (UNESID). . Between April 2021 and April... 15.06.2022  18:49

• Production of iron and steel in Ukraine decreased According to the Association of Metallurgists of Ukraine Ukrmetallurgprom, in the first five months of 2022, pig iron production in Ukraine amounted to about 4.15 million tons, a decrease of 53.3% year on year. During the reporting period, the production of crude steel in Ukraine amounted to... 15.06.2022  18:21

• EUROFER supports extension of steel import guarantees In order to maintain the stability of the EU steel market and at the same time ensure an uninterrupted supply, the European Steel Producers Association (EUROFER) has decided to support the further implementation of steel safeguards. In addition, the quota has been increased from 3% to 4%,... 14.06.2022  11:12

• Currency depreciation and high energy costs hit demand for long products in Turkey The depreciation of the Turkish lira against the US dollar hit demand in the domestic long products market in Turkey, while the supply of Turkish rebar plants in the export market came under pressure due to falling prices for scrap metal, S&P Global Commodity Insights reported on June 10 sources in... 14.06.2022  10:47

• Green steel production requires hydrogen price below $2/kg The price of renewable hydrogen needs to fall below $2/kg to make green steel cost-competitive with conventional products, global steelmaker ArcelorMittal says. “Calculations show that the price has to fall below $2/kg, closer to $1/kg, to compete with current steel production prices,” said Iri... 14.06.2022  10:43

• Posco halts part of production due to ongoing trucker strike South Korea's largest steelmaker Posco halted work on some production lines at its plant in Pohang in North Gyeongsang province on Monday due to an ongoing strike by unionized truck drivers. As of 7:00 am local time, the company suspended production at all four wire rod plants and one of its two... 14.06.2022  10:39

• Production of steel pipes in Ukraine has decreased According to the Ukrainian pipe industry association Ukrtruboprom, steel pipe producers in the country reduced production from January to May to about 176,000 tons, down 16% from last year. In May alone, Ukrainian producers of steel pipes increased their output by 2.5 times compared to the... 09.06.2022  09:19

• UNESID: Spain's steel production has increased According to the statistics of the Spanish Association of Steel Producers (UNESID), steel production in Spain in March this year amounted to 1 million tons, up 3.2% compared to the previous month and down 23% compared to the same period last year. In total, Spain produced 2.98 million tons of... 09.06.2022  09:16