Metallurgy news

• European slab manufacturers insist on raising prices European steel producers sought higher plate prices in the week to December 8, although demand remained weak. While projects are showing healthy demand for flat products, large distributors are avoiding purchasing larger tonnages as they already restocked inventories when flat prices declined in... 12.12.2023  14:24

• Norway supports deep-sea mining in the Arctic Ocean Norway has secured a parliamentary majority for plans to open the Arctic Ocean to seabed mineral exploration, despite warnings from environmental groups and the fishing industry that the move would threaten the biodiversity of vulnerable ecosystems. The country's minority centre-left government... 06.12.2023  13:20

• Nine people died at the Poderosa mine in Peru Nine people were killed and 15 injured when a group of armed men raided the Poderosa mines in Patas province, Peru, the interior ministry said in a statement late Saturday. Peru's national police have regained control of the mine, confiscated weapons and detained seven suspects in a fatal... 04.12.2023  12:29

• The price of gold has reached a new all-time high Gold jumped to a new record high on Friday after three straight weeks of gains on bets that U.S. interest rates could soon be cut and on safe-haven buying amid turmoil in the Middle East and elsewhere. New York gold futures rose 1.6% on Friday to close at $2,089.70 an ounce, topping the previous... 04.12.2023  12:25

• Thyssenkrupp will close its Galmeda plant in Spain Germany's Thyssenkrupp is closing its Spanish plant Galmed (FBA9), located near Valencia, the company confirmed when contacted by Callanish. The Sagunto plant can produce 450,000 tons of hot-dip galvanized coils per year. The material is mainly supplied to the automotive sector. The German... 29.11.2023  13:00

• EU and US miss unique opportunity to resolve trade dispute The outcome of the EU Trade Council meeting shows that the EU and US are still far from reaching an agreement on climate protection, combating trade imbalances in global industry and resolving the EU-US trade dispute by the end of 2023, as originally agreed by Commission President Ursula von der... 29.11.2023  12:57

• Strike by Polish truckers threatens pipe supplies from Ukraine Ukrainian pipe companies increased production in January-September, reports the national association of pipemakers Ukrtruboprom. The total volume amounted to 376.1 thousand tons, which is 5.1% more than a year earlier, Callanish notes. However, in September alone, production reached 36.9... 29.11.2023  12:51

• China's stainless steel imports hit intra-year high in October China's stainless steel imports reached 284,200 tons in October, up 22.8% from September and hitting a new high this year, but tonnage was still 8% lower, according to data released by the country's General Administration of Economic Affairs. .6% compared to October 2022. Customs (GACC). The... 22.11.2023  13:01

• EU to hold second hydrogen auction in spring 2024 The European Commission will open a second round of auctions to support EU renewable hydrogen production in spring 2024, EU President Ursula von der Leyen announced on Monday. The European Hydrogen Bank, created last October, will have a budget of 3 billion euros ($3.3 billion). The first pilot... 22.11.2023  12:52

• ArcelorMittal Zenica stops production due to market conditions ArcelorMittal's Zenica steel plant in Bosnia has temporarily suspended production due to weak market conditions. “After careful consideration and evaluation of all available options, ArcelorMittal Zenica temporarily shut down its blast furnace on November 11, and production is gradually being s... 22.11.2023  12:49