Metallurgy news

• Steel production in Japan fell by 4.4% in April Japan's crude steel output fell 4.4% year-over-year in April, the Japan Iron and Steel Federation said on Monday as manufacturers responded to sluggish demand from the auto sector due to a prolonged supply chain crisis and restrictions imposed by China. related to COVID-19. Production in Japan, the... 25.05.2022  10:13

• EU carbon tariffs have had limited impact on China's steel industry At the Singapore Iron Ore Forum on May 17, Chinese steel experts said the upcoming EU Carbon Border Management Mechanism (CBAM) should not have much of an impact on China's steel industry. Due to strong domestic demand for steel in China, the share of exports in total steel production is relatively... 24.05.2022  10:31

• One fifth of Russian exports affected by sanctions The EU has banned the import of iron, steel and coal from Russia (since mid-August 2022), as well as cement, rubber, timber, seafood and alcohol. The United States banned the supply of oil and petroleum products, LNG, seafood and diamonds. The UK has imposed restrictions on imports from Russia of... 24.05.2022  10:25

• Belgorod region plans to create a SEZ "Green Steel" A special economic zone (SEZ) "Green Steel" will appear on the territory of the Stary Oskol urban district of the Belgorod region, the press service of the regional government reports. The implementation of the project provides for the investment of more than 212 billion rubles of investments... 24.05.2022  10:23

• ASEAN countries expect Ukrainian-Russian war to have short-term impact on steel trade The Southeast Asian Iron and Steel Institute (SEAISI) commented that the Ukrainian-Russian war could cause trade difficulties for the ASEAN region. Six ASEAN countries are net importers of semi-finished and finished steel products. Russia is one of the main sources of some semi-finished and... 24.05.2022  10:19

• Vallourec decides to close factories in France and Germany French steel pipe maker Vallourec mentioned in its first quarter financial report that it is reorganizing its European business structure and downsizing its organization to focus on European operations. The Group is closing the heat treatment line at Saint Solvay in France and the thread cutting... 24.05.2022  10:16

• Indian metallurgists furious over unexpected high export duties India's sudden and unexpected revision of export duties on steel products is likely to lead to short-term uncertainty and long-term structural ramifications in global steel markets, S&P Global Commodity Insights sources said May 23. The Ministry of Finance said that since May 22, India has... 24.05.2022  10:02

• Decarbonization of China is a costly task for the metals sector China's lofty ambitions of peaking carbon emissions by 2030 and achieving carbon neutrality by 2060 have pushed major Chinese steelmakers to develop a greener production path as they increasingly show interest in developing direct reduced iron or DRI plants using hydrogen and natural gas. But... 23.05.2022  11:47

• The head of the German Finance Ministry spoke out against the confiscation of personal assets of Russians in favor of Ukraine German Finance Minister Christian Lindner told the Financial Times that he does not approve of the idea of ​​confiscating the personal assets of Russians to finance the restoration of Ukraine at their expense. “Lindner said he was opposed to the confiscation of the personal assets of Russian olig... 23.05.2022  11:44

• GAZ Foundry started mass production At the site of the Gorky Automobile Plant, serial production of products from the new foundry of the GAZ Group began. The Nizhny Novgorod foundry is the most modern site in Russia for the production of iron castings for engines and allows us to meet the needs of domestic engineering and other... 23.05.2022  11:41