Metallurgy news

• EU plans to invest 300 billion euros to reduce dependence on Russian energy The European Commission has published an investment plan totaling about 300 billion euros, hoping to reduce dependence on Russian fossil fuels through various initiatives over the next few years and seize the opportunity to accelerate the transition to clean energy. Currently, the EU imports... 23.05.2022  11:35

• Gold held at the Bank of England is trading at an unusually low price Bank of England gold is trading at a rare discount, a sign that central banks could lose some of their holdings. The Bank of England vaults hold 5,676 tons of bullion, one of the largest holdings in the world, which it holds on behalf of other central and commercial banks. Gold held by central... 21.05.2022  13:39

• Turkish steel production down According to the Turkish Iron and Steel Producers Association (TCUD), Turkey's steel production in March this year was 3.3 million tons, down almost 3% from the same month last year. The volume of production for the first three months amounted to 9.4 million tons, which is 4.7% less than a year... 20.05.2022  12:21

• Steel exports from India to remain high in the coming months India's steel exports will remain strong in the coming months as higher prices and regional demand force steel companies to export some of their output, according to Moody's Investors Service. In its report "Steel - Asia-Pacific: Higher Raw Material Costs Diminish Steel Price Benefit Amid... 20.05.2022  12:18

• Japanese Kobe Steel plans to sell 1 million tons of low-carbon steel in 2030 Japan's third-largest steelmaker, Kobe Steel Ltd, plans to sell one million tons of low-carbon steel per year in 2030 in line with the global push for decarbonization, its president said Thursday. Reducing carbon emissions from steel production, which accounts for about 7-9 percent of global CO2... 20.05.2022  12:17

• Another year of zinc deficiency expected According to the International Lead and Zinc Research Group (ILZSG), the global refined zinc market is expected to face a supply shortfall of 292,000 tonnes this year. This will be the second straight year of shortages after global production fell short of demand by 193,000 tons in 2021. For... 19.05.2022  13:15

• Emissions from the steel industry will be reduced by 30% by 2050 By 2050, carbon emissions from the steel industry are expected to drop by 30% from 2021 levels, according to a new report from Wood Mackenzie, a division of Verisk (Nasdaq:VRSK). The steel industry is a challenging industry for decarburization. However, evolving green steel targets are changing... 19.05.2022  13:11

• The war in Ukraine will cost Duferco $ 20-25 million Bruno Bolfo, president of the holding company that controls steelmaker Duferco, says the war in Ukraine will have a significant impact on the steel business. The executive notes that Duferco is reorganizing, taking into account that business with Russia is no longer possible, and supplies from... 19.05.2022  13:08

• Metinvest in the first quarter sharply reduced the production of key types of metal products The largest Ukrainian mining and metallurgical holding Metinvest B.V. (Metinvest) in the first quarter of 2022 reduced steel production by 8% compared to the same period last year, and by 25% compared to the previous quarter - to 1.962 million tons, reduced pig iron production by 15% and 31%, to... 15.05.2022  08:54

• Green Steel Demands Halving Hydrogen Prices A study by Hydrogen Europe has calculated that the cost of delivering hydrogen in Europe should be below 3 EUR/kg for green steel projects using hydrogen to break even. According to a report seen by Callanish, hydrogen prices in Europe are now around 5.3 euros/kg. Hydrogen Europe believes... 13.05.2022  10:44