Metallurgy news

• Growth in global steel demand in 2021 reduced due to China The World Steel Association (worldsteel) today released an updated version of its short-term forecast (SRO) for 2021 and 2022. Worldsteel predicts that steel demand will grow by 4.5% in 2021 to reach 1,855.4 million tonnes after rising 0.1% in 2020. Steel demand will rise 2.2% in 2022 to 1,896.4... 15.10.2021  12:12

• BHP and Posco investigate the process of decarbonization of steel British Australian resource company BHP is investing up to $ 10 million over the next five years to develop technology to reduce greenhouse gas emissions from steel production in partnership with South Korean steelmaker Posco. The two companies have agreed on an initial pilot and factory test... 15.10.2021  12:09

• Steel exports from China fell to 2021 low in September Steel exports from China slowed in September to their lowest level since December 2020 due to the country's export control policies, as well as weaker demand in Southeast Asia due to the Covid-19 lockdown. Most of the steel export shipments in September were spot orders received in July and... 15.10.2021  12:02

• Ukraine has increased the production of steel pipes in 9 months In January-September 2021, Ukrainian metallurgists smelted 16.294 million tons of steel. Annual production growth reached 6.3%. Production of finished metal products in the first three quarters of 2021 amounted to 14.485 million tons, which is 5.6% more than the output of the same period in... 14.10.2021  11:18

• Imports of flat products to Russia increased in the first 8 months of 2021 During January-August 2021, the Russian Federation imported 3.825 million tons of rolled metal. Annual growth was 10.9%. In August, the volume amounted to 0.429 million tons, or 81.6% of the July level, according to the customs service. Imports of ferrous metals, excluding pig iron, ferroalloys... 14.10.2021  11:04

• UK Steel Group Demands Immediate Anti-Crisis Action UK Steel Group has warned that it may be forced to close steel mills in the absence of substantial government assistance. UK Steel, the group representing the steel sector to the government, has called on the government to help the industry overcome the crisis caused by soaring energy prices.... 14.10.2021  10:47

• Insane growth continues in Turkish scrap metal market This week, Turkish mills further increased purchase prices for scrap metal on the domestic market, Callanish said. This is mainly due to the weakening of the lira and the sharp rise in the price of imported scrap over the past two weeks. Meanwhile, the mills continue to buy imported scrap at... 14.10.2021  10:44

• Iron ore prices decline due to reduced steel production Iron ore prices fell as investor attention shifted back to control of China's steel production. According to Fastmarkets MB, a 62% iron benchmark ore imported into North China changed hands at $ 129 a tonne, down 4.6% from Monday's close. “China's plans to increase flat products production t... 13.10.2021  10:32

• China's daily steel production up 0.6% in early October Daily crude steel production at China's 247 blast furnace (BF) and 71 electric arc (EAF) plants in the Mysteel study increased slightly to 2.6 million tonnes per day on average in the first decade of October, an increase of 16,100 t /d or 0. 6% from the end of September, due to the weakening of... 13.10.2021  09:43

• North American flat steel maker invades scrap metal recycling business Cleveland-Cliffs, the largest flat steel producer in North America, has announced its entry into the scrap metal market through the acquisition of a scrap recycling company in Detroit. The deal is expected to close in the fourth quarter of 2021, subject to regulatory approval and other normal... 13.10.2021  09:38