Metallurgy news

• NLMK expands production of premium steel grades Novolipetsk Metallurgical Plant has launched a new complex for laser processing of electrical transformer steel. The design capacity of the complex is 54 thousand tons per year, the press service of the company reports. "This is the fourth line for the production of metal with improved magnetic... 15.09.2021  10:34

• Steel production in China continues to fall Official data released Wednesday showed China's steel production contracted for the third straight month in August as Beijing cut production to cut carbon emissions. According to the National Bureau of Statistics (NBS), the world's largest steelmaker produced 83.24 million tonnes of metal last... 15.09.2021  09:46

• Philippine importers of semi-finished products move from Russia to Vietnam In the Philippines, steel imports continue to rise. Vietnam is displacing Russia as a key supplier of semi-finished products as local businesses seek to expand their export markets. According to Philippine Customs, steel imports in July reached 650,724 tons, up 3% from June and 22% from July... 14.09.2021  09:40

• Azovstal introduces energy-saving technologies In the converter shop of the Azovstal metallurgical plant of Metinvest Group, the modernization of drying and heating stands for steel-pouring ladles has started. The subdivision will soon receive the first batch of equipment - a fan and a gas burner from Ukrainian manufacturers for updating drying... 13.09.2021  10:11

• Steel production in India fell 2% in August due to worsening epidemic India's total crude steel production in August this year was about 9.6 million tonnes, down 2.3% month-on-month, according to official statistics from India, mainly due to a worsening domestic Covid-19 epidemic. In addition, the weather in India also affected construction work from June to... 13.09.2021  09:59

• Options for resolving the US trade conflict with the EU According to market news, the US was considering resolving the conflict with the EU over the steel trade by introducing a quota system. The trade conflict between the US and the EU has been going on for about three years. However, some market participants believed that the conflict could be... 13.09.2021  09:55

• Tax payments of ArcelorMittal Kryvyi Rih for 8 months of 2021 more than doubled compared to the same period last year Kryvyi Rih, September 8, 2021 In January-August 2021, ArcelorMittal Kryvyi Rih transferred almost 9.3 billion UAH taxes and fees to the budgets of all levels, more than 2 times the total amount tax payments for the same period last year. This amount can be compared with the total payment of... 08.09.2021  12:30

• Guinea coup complicates iron ore mining Guinea's 110-kilometer Simandu Ridge contains one of the largest untapped iron ore deposits in the world, containing over 8.6 billion tonnes of ore with an average iron grade of 65%. A military junta seized control of the West African country of Guinea and detained President Alpha Conde,... 08.09.2021  10:28

• Steel sales in Vietnam are growing due to exports According to the Vietnam Steel Association (VSA), steel mills have boosted exports after facing difficulties in domestic consumption due to the COVID-19 outbreak. The association said July steel production reached nearly 2.4 million tonnes, down 6.48 percent from the previous month, and steel... 08.09.2021  10:23

• Hot rolled steel prices in Asia remain unchanged The hot rolled steel market in Asia is still showing no signs of growth. While prices rose due to production cuts in four provinces of China: Guangdong, Guangxi, Sichuan and Shandong, uncertainty in China's steel export tariffs and lower demand due to the lockdown in Southeast Asia remained weak in... 07.09.2021  11:37