Metallurgy news

• ArcelorMittal in Poland invests in a coke plant ArcelorMittal Poland's coke plant in Krakow will receive an investment of PLN 31.5 million in the modernization of the coke oven battery dust collector, as well as in the construction of a desorption tower and an ammonia supply unit. With this investment, the plant will reduce its environmental... 11.11.2021  11:58

• The rolled metal market in Vietnam plummeted The Vietnamese hot rolled coil import market is extremely weak. Its decline is attributed to declining commodity prices and the return of Chinese exporters due to the weakness of China's domestic market. Traders are hoping that more stable raw materials can support the HRC. “The iron ore and c... 10.11.2021  11:35

• New Steel Capacities Overview October 2021 Europe ArcelorMittal announced that it is investing € 1.1 billion in the construction of a new DRI plant with two arc furnaces in Ghent. The recently refurbished blast furnace B will remain in operation and the facility will be converted to a steelmaking facility with less carbon-intensive p... 10.11.2021  11:22

• Japan asks to abolish Section 232 duties on steel Japanese Commerce Minister Koichi Hagiuda has asked the United States to exempt Japan from Section 232 duties on steel and aluminum imports, according to the Ministry of Economy, Trade and Industry (Meti). This happened after the recent signing of a trade agreement between the US and the EU. As... 10.11.2021  11:18

• Countries Committed to Buying Green Steel - COP 26 The governments of the UK, India, Germany and Canada have announced their intention to purchase low carbon steel through the Deep Industrial Decarbonization Initiative (IDDI) announced on Tuesday 9 November. A group of countries announced their intention to purchase low carbon steel and concrete... 09.11.2021  20:08

• Business representatives urge Zelensky to prevent collapse in railway transport Representatives of 15 specialized unions of enterprises and associations sent a letter to the President of Ukraine Volodymyr Zelensky, Prime Minister Denis Shmigal, other representatives of the Government and the management of JSC Ukrzaliznytsia regarding catastrophic threats to the economic... 09.11.2021  10:03

• German steel production rebounded in September According to statistics from Germany, total crude steel production in Germany in the first nine months was about 29.91 million tonnes. Of these, the total production in September was about 3.34 million tons, with more than 60% of the production being produced at the blast furnace. Since many... 08.11.2021  12:45

• USA making a decision to import hot rolled flat products from South Korea The US Department of Commerce (USDOC) has tentatively set subsidy rates for two South Korean hot rolled flat steel companies as part of an administrative countervailing duty (CVD) review. The period for consideration of this case is from January 1, 2019 to December 31, 2019. An initial subsidy... 08.11.2021  12:09

• Vale and Posco Explore Emission Reduction Technologies Vale has signed a Memorandum of Understanding (MoU) with South Korean steel company Posco to jointly explore and develop technologies to reduce CO2 emissions in steelmaking. Potential solutions to reduce fossil fuel consumption include the production of Vale's high quality iron ore products such... 08.11.2021  12:03

• Steel prices in China in November will depend on raw material prices In November, China's steel prices will be more reflective of its own fundamentals and may stand a chance of recovering from declines for most of October due to thermal coal prices, Wang Jianhua, chief analyst at Mysteel, shared his monthly forecast. This month, the impact of coal-related raw... 05.11.2021  12:31