Metallurgy news

• Thyssenkrupp announces the construction of a new scrap metal recycling plant in Duisburg The groundbreaking ceremony for the ThyssenKrupp scrap metal processing plant took place in Duisburg. This processing plant was part of the REDERS project funded by the state of North Rhine-Westphalia in the amount of 6.4 million euros. The REDERS project is a steelmaking process with increased... 27.04.2022  10:11

• China urges traders to limit exports amid rising global prices The China Steel Association urged trading companies not to increase exports to take advantage of rising global prices, but instead prioritize meeting domestic demand. Steel prices in Europe soared after Russia's invasion of Ukraine disrupted logistics, triggered sanctions and raised energy... 27.04.2022  10:08

• Worldsteel: Global Crude Steel Production Falls in March Global steel production in the 64 countries reporting to the World Steel Association (worldsteel) was 161.0 million tonnes (Mt) in March 2022, down 5.8% from March 2021. Crude steel production by region Global crude steel production in the first three months of 2022 was 456.6 million tonnes,... 26.04.2022  10:50

• U.S. steel production surged in the week ended April 23 U.S. crude steel production was 1.784 million short tons for the week ended April 23, up 1.0% from the same period a week earlier but down 2.7%, according to statistics from the American Iron and Steel Institute (AISI). %. compared to the same period a year earlier. The capacity utilization rate... 26.04.2022  10:45

• Steel production in Germany fell in April According to statistics from the German Steel Federation (WV Stahl), crude steel production in Germany in April this year was about 3.3 million tons, down 11.8% compared to the same month last year. During this period, the production of hot-rolled steel in Germany decreased by 13.1% year on year... 26.04.2022  10:44

• POSCO opens new electrical steel plant in South Korea South Korean steel giant POSCO said it has begun building a new $804 million plant to produce non-oriented electrical steel sheet in Gwangyang, South Jeolla province. The new plant, due to be completed in 2025, will be capable of producing 300,000 metric tons of such products per year. The... 25.04.2022  10:38

• ASEAN Billet Import Market Collapses Regional billet importers in Southeast Asia are taking a wait-and-see approach in a declining market. The regional finished steel market is very sluggish. “This is an illiquid market environment,” says a regional trader. The current month of fasting, the recent Thai Songkran holidays and the Easter ... 25.04.2022  10:37

• The impact of China's policy to reduce steel production The National Development and Reform Commission said it will continue to reduce crude steel production across the country so that crude steel production does not increase from last year. According to statistics from the National Bureau of Statistics, Anhui and Hubei provinces recorded the largest... 22.04.2022  10:01

• Russia's new strategy to redirect steel exports to the Asian market The new strategy will include not only the growth of domestic steel consumption, but also the reorientation of export supplies to Asian countries. Previously, the Russian government announced that some steel companies in Russia would be exempt from paying excise taxes on liquid steel if they... 22.04.2022  09:55

• Buying panic in the European steel market subsides European steel prices continued to rise in the second half of March. By early April, this upward trend had largely stopped. The panic of buying subsided. Prices for hot-rolled coil in some regions began to decline. At the height of the war in Ukraine, European steelmakers were facing cost spikes... 22.04.2022  09:49