Metallurgy news

• Vietnam's steel exports jumped sharply in August Vietnam's domestic market has been impacted by the COVID-19 epidemic, so the authorities have stimulated export sales of the steel industry. Moreover, Vietnamese mills have just acquired excellent opportunities amid a strong trend in global steel prices, which has boosted sales of coated steel... 28.09.2021  09:28

• Brazilian company Usiminas shutdown blast furnace No. 2 in Ipatinga after the incident On September 27, the company reported that Brazilian steelmaker Usiminas was forced to shut down blast furnace # 2 at its Ipatinga plant following the September 24 incident. The shutdown can last from 90 to 150 days, "depending on the repair solution that will be implemented," the company said... 28.09.2021  09:12

• China's cuts will affect global steel production again The decline in steel production in China continued in August, while producers there produced steel by 13.2 percent in August compared to August 2020. This month-over-month decline follows a similar pattern in July, when production in China fell 8.4 percent from the same period last year. a year... 27.09.2021  12:44

• Liberty plans to restructure Belgian steel mills The Liberty Steel Group is planning a possible restructuring of its Belgian steel mills, Flemalle and Tilleur, owned by Liberty Liège, to ensure their sustainable long-term future, a spokesman for the group said on September 23. According to local media reports, this is expected to entail the ... 27.09.2021  11:24

• Global steel production fell for the first time in 2021 World crude steel production in 64 countries reporting to the World Steel Association (worldsteel) was 156.8 million tonnes (Mt) in August this year, down 1.4% from the same month a year earlier. In 2021, production fell for the first time. Asia and Oceania were the largest steel producing... 27.09.2021  11:22

• Krakatau Steel launches new hot rolling mill Indonesian steelmaker PT Krakatau Steel has launched a new hot strip mill (HSM 2) to increase its domestic market share and reduce Indonesia's dependence on imports. This mill will be the company's second hot strip mill. The first hot strip mill was launched in 1983. The new plant was... 24.09.2021  10:02

• Russia imposes a new MET tax for metallurgical companies, abandoning the idea of ​​a new income tax Russia negotiated a new mineral extraction tax (MET) formula with Russian producers of steel, iron ore, coking coal, fertilizers and mixed ores such as those mined by Norilsk Nickel, but abandoned the idea of ​​a new income tax, officials said. Russia has abandoned the idea of ​​a formula-based i... 24.09.2021  09:47

• CISA: steel prices in China will fluctuate in the near future CISA warned that domestic demand for steel will decrease in the coming weeks due to the worsening international situation and slower economic growth in the country. CISA cites the latest United Nations data released on September 15 that shows global growth could fall to 3.6% in 2022 from 5.3%... 24.09.2021  09:33

• ArcelorMittal Kryvyi Rih appoints environmental ombudsman Kryvyi Rih, 23 September 2021 Olga Simakov took over the newly created position of environmental ombudsman at ArcelorMittal Kryvyi Rih. In her new position, Olga will be responsible for the implementation of the company's renewed environmental strategy, interaction with the eco-community, the... 23.09.2021  12:30

• European steelmakers tried to keep their prices at the same level Negotiations began this month for semi-annual and annual deliveries for the automotive industry. European steelmakers are keen to ensure that these contracts reflect the full growth achieved in the market since summer 2020. However, a shortage of semiconductors is hampering automotive... 23.09.2021  10:51