Metallurgy news

• US Steel Kosice stops blast furnace in Slovakia Slovak plate maker US Steel Kosice closed its smaller blast furnace in an attempt to balance supply with weak demand and prevent further price drops. Sources said the plant had to shut down the kiln because its location was heavily dependent on the automotive industry, but demand from automakers... 29.06.2022  10:45

• Chinese company Baosteel launches robots to improve operational efficiency According to the operating reports of the Chinese company Baoshan Iron and Steel Co., Ltd. (Baosteel), its new robot BAO Robot went into operation and helped Baosteel cut a total of 6,918 employees in 2020 and 2021 without hurting Baosteel's revenue and profit. On the contrary, from 2019 to 2021,... 29.06.2022  10:44

• Ukrzaliznytsia has limited the supply of iron ore to the Czech Republic The Ukrainian State Joint-Stock Company of Railway Transport Ukrzaliznytsia has introduced temporary restrictions on the transportation of iron and manganese ore to the Czech Republic. The restriction has been in effect since June 23, 2022, the date of its cancellation has not yet been... 29.06.2022  10:41

• Voestalpine to secure natural gas supplies after Russia cuts off supplies Voestalpine AG, one of the Austrian steel producers, said it was not affected by the restriction of gas supplies via the Nord Stream 1 gas pipeline from Russia. In addition, they are ready if Russia cuts off gas supplies. To expand various sources of natural gas supplies, the company currently... 29.06.2022  10:38

• Steel production in Ukraine decreased in January-May y/y According to statistics from the World Steel Association, in the first five months of 2022, Ukrainian steel mills reduced steel production by 52.8% to about 4.24 million tons year on year. At the same time, pig iron production decreased by 53.3% and amounted to about 4.15 million tons compared to... 28.06.2022  09:12

• Tata Steel announced the termination of cooperation with Russia Tata Steel said the corporation received 75,000 tons of coking coal from Russia in May, and the deal was completed before a decision was made on April 20 to stop business in Russia. According to an April 20 announcement, Tata Steel has already ended business with Russia. After this announcement... 28.06.2022  09:09

• EU General Court rejects Thyssenkrupp-Tata Steel merger The EU General Court stood aside from the Commission's decision barring a proposed merger between Thyssenkrupp and Tata Steel in 2019. In 2018, the two companies notified the Commission that they planned to take joint control of a newly formed joint venture for plated steel and laminated steel.... 28.06.2022  09:06

• Global crude steel production up In May this year, total crude steel production in the top 60 steel-producing countries was about 169.5 million tonnes, up 3.7% m/m compared to April and down 3.5% y/y. World crude steel production in the first five months of this year amounted to 792.4 million tons, down 5.1% compared to the... 28.06.2022  09:00

• The UK is considering the abolition of anti-dumping duties on Ukrainian rolled metal products The UK is considering lifting anti-dumping duties on some steel products from Ukraine due to Russia's military actions in the country, the trade agency said on Friday. Duties can be waived for up to nine months on hot-rolled flat and coiled products (HRFC), which are mainly used in mechanical... 27.06.2022  11:50

• European steel prices fell to pre-war levels European prices for coiled steel continued to decline in May and early June. Service centers and distributors refrained from buying, fearing further price cuts. Mills was looking for orders in the face of declining demand. By mid-June, coil prices in Europe had declined to levels reported prior... 27.06.2022  11:47