Metallurgy news

• Iron ore prices will remain high Steel material hit new all-time highs this week, surging above $ 220 a tonne amid a burgeoning commodity boom. While the demand for steel and its production is growing, many analysts argue that market fundamentals alone do not justify such high prices. This will not stop further growth, according... 12.05.2021  10:37

• Kobe Steel plans to cut CO2 emissions by 30-40% by 2030 Kobe Steel Ltd (5406.T), the third largest steel producer in Japan, is aiming to reduce production CO2 emissions by 30-40% from 2013 levels by 2030 in line with the global decarbonization drive, the report said. The 2030 target does not include power generation, but the company aims to achieve... 12.05.2021  10:29

• Unmanned cargo transportation on the territory of MMK PJSC "Magnitogorsk Iron and Steel Works", the transport company "Traft" and the company "Evocargo" have agreed on the pilot operation of unmanned trucks EVO-1 on the territory of the combine. They plan to start testing drones at MMK in May-June this year. The test launch of the EVO-1 unmanned... 12.05.2021  09:47

• In China, steel exports grew by 24.5%, imports - by 16.9% China exported 25.7 million tonnes of finished steel in January-April 2021, up 24.5% over last year, while imports totaled 4.9 million tonnes over the same period, up 16.9% more than last year, according to the latest statistics from the General Administration of Customs of China (GACC). May 7... 11.05.2021  10:21

• ArcelorMittal increases prices for rolled steel in the EU by 30 euros per ton ArcelorMittal, the world's leading steel company, announced last week a price adjustment for flat steel in Europe due to a constant lack of sources. According to the price announcement, the new offer for the Hot Rolled Coil (HRC) plant was increased by € 30 /t to € 1,050 /t, while the cold rol... 11.05.2021  10:19

• ArcelorMittal-Nippon Steel plans to build a metallurgical plant The joint venture between ArcelorMittal and Nippon Steel (AM /NS) has announced that it has initiated a feasibility study for a proposed 12 Mtpa integrated steel production project in the Kendrapara region of the state in collaboration with the Odisha state government. It should be noted that a... 11.05.2021  10:14

• The rise in prices for the Black Sea billet continues Export prices for Black Sea billets reached a new high last week, but they are unlikely to stop there. With CIS sellers enjoying their traditional breaks in early May and China's weekend ending on Wednesday, activity is expected to pick up, although now slightly lower, driven by the huge current... 07.05.2021  10:44

• EU protects against unfair competition from China The European Commission has presented a bill that makes it difficult to access contracts for firms that receive government subsidies. The ratification of the EU-PRC investment agreement has been postponed indefinitely. The European Commission (EC) will strengthen the protection of European... 06.05.2021  10:14

• Zaporizhstal production results in April 2021 In April 2021, Zaporizhstal produced: 362.4 thousand tons of pig iron, 334.4 thousand tons of steel, 281.9 thousand tons of rolled products. Higher indicators in April-2021 compared to the same period last year are associated with a complex of overhauls of blast furnaces No. 2 and No. 5,... 06.05.2021  10:07

• High CO2 prices - the result of speculation High CO2 prices make it difficult to transform the economy. Huge financial resources that we could spend on transforming the Polish energy sector end up in the accounts of foreign hedge funds. This is a problem for the entire European industry. CO2 emissions allowance prices have risen rapidly... 06.05.2021  09:37