Metallurgy news

• Aluminum prices approach six-week highs Aluminum prices rose on Tuesday, hitting a nearly six-week high on signs of seasonally strong demand. On the London Metal Exchange (LME), three-month aluminum prices reached $2,270 per metric ton, marking their highest level since February 1. According to Tom Price, Liberum's head of... 13.03.2024  12:05

• EU extends anti-dumping measures against Chinese HDG for another five years The European Commission has decided to maintain existing anti-dumping duties (AD) on imports of certain corrosion-resistant steels from China, particularly hot-dip galvanized (HDG) coils, at 17.2-27.9%, it has been published in a white paper. EU Magazine on Monday 11 March. The duties were first... 13.03.2024  11:48

• The fate of the US Steel takeover may depend on the words of the union boss. David McCall has a unique opportunity to do right by America's industrial workers, and he's ready to seize the moment. As head of the United Steelworkers, McCall finds himself in an unexpected place of power. Labor groups have traditionally had little influence on corporate takeovers in the... 07.03.2024  17:40

• Tenova tests hydrogen for steelmaking Steel equipment maker Tenova is partnering with Italian energy companies De Nora, Snam and other European steelmakers to test green hydrogen to decarbonize steel production. This is happening as part of the project “Hybrid Technologies for Sustainable Heating of Steel” (HyTecHeat). HyTecHeat, fun... 05.03.2024  10:14

• Turkish company BMS begins exporting galvanized steel wire to Europe Turkish galvanized steel wire manufacturer BMS Birlesik Metal said in a regulatory filing on Feb. 26 that it has begun exporting galvanized and galvanized steel wire to Europe. Wire supplies to the European agricultural sector are expected to be around 300 tonnes per month and will have a... 29.02.2024  22:41

• The steel market in Ukraine decreased by a third year-on-year Ukrainian enterprises in January of this year reduced consumption of rolled metal by 37% compared to the same period last year - to 137.7 thousand tons from 219.1 thousand tons. This was reported by the Ukrmetallurgprom association of enterprises. According to the press release of the association,... 22.02.2024  13:08

• Czech industry criticizes EU emissions reduction target by 2040 The Czech government should not support the European Commission's climate target of cutting emissions by 90% by 2040, as it is unattainable and would hit the industry-dependent Czech Republic hard. Therefore, warn the Czech associations of energy-intensive sectors, including the Czech-Slovak steel... 19.02.2024  15:47

• Indonesia names two Chinese nationals as suspects in arson at nickel plant Indonesia has named two Chinese nationals as suspects in its investigation into a deadly explosion at a nickel plant owned by top producer Tsingshan Holding Group. The fire, which killed 21 people, exposed the hidden costs of the Southeast Asian country's rapid expansion of the nickel industry.... 13.02.2024  13:04

• ArcelorMittal on forecasts for demand for flat steel in Europe Demand for flat steel in Europe is expected to grow by 2-4% this year, ArcelorMittal said. Indeed, an improvement in apparent steel demand in January allowed European steel producers to deliver higher prices on the spot market. It is noteworthy that in January, prices for hot-rolled coil in... 09.02.2024  20:25

• SSAB expects higher steel supplies in first quarter despite sluggish demand Swedish steelmaker SSAB, which specializes in the production of steel strip, plate and pipe products, expects to increase deliveries during the first quarter of this year, despite subdued demand from major steel consumers. The forecast was made in the company's financial report for the fourth... 05.02.2024  23:29