Metallurgy news

• The Gupta empire will see the first bankruptcy French media reported that some companies in the Alvance Aluminum group, part of the GFG Alliance, are preparing for bankruptcy. However, this is probably not a direct result of the collapse of the financial company Greensill, a subsidiary of Sanjeev Gupta. The French have been fighting to avoid... 23.04.2021  09:46

• Rising prices for rolled metal may lead to a halt in sales in the EU Buyers of rolled steel are considered largely defenseless in the face of continued price increases, but there are signs that they may simply stop buying at some point. In particular, for hot-dip galvanized coils, which the market leader now quotes ex-works at more than € 1,100 per tonne (US $ 1... 22.04.2021  09:51

• SMS group is now the sole owner of Paul Wurth The German plant manufacturer SMS group acquired the remaining 40.8% of Paul Wurth SA and became the sole owner of Paul Wurth's plant engineering company. 40.8% of the shares were owned by the Luxembourg state and state-owned banking organizations, but now it is run by a German manufacturer of... 22.04.2021  09:46

• Demand for rolled steel will grow despite lower consumption in China Steel consumption in Southeast Asia, South Korea and Japan is expected to recover from 2021, Southeast Asia Iron and Steel Institute (SEAISI) and JFE Steel said at the Asia Steel Markets 2021 conference on Wednesday. The China Metallurgy Planning and Research Institute (MPI), meanwhile, noted... 22.04.2021  09:36

• EU increases tariffs for steel pipes from Belarus, China and Russia The European Union has extended import tariffs on cast iron and steel welded pipes from Belarus, China and Russia for five years, saying they are being sold at unreasonably low prices. The European Commission, which oversees the trade policies of the 27 EU countries, said on Monday in the... 21.04.2021  09:46

• POSCO C&C plans to close Myanmar joint venture This is a Myanmar military-backed joint venture. Along with the chaos in Myanmar, criticism of the violently suppressed pro-democracy protests by the military followed. A subsidiary of South Korean steel giant POSCO, POSCO Coated & Color Steel Co Ltd, has partnered with military-backed firm... 21.04.2021  09:43

• ArcelorMittal Increases Coil Prices in Europe Again Last week, ArcelorMittal again raised its coil steel prices in Europe. In line with the price adjustment, the HRC price increased by € 50 /t to € 970 /t, while the CRC and hot-dip galvanized coil prices were at € 1,120. /ton. The constant shortage of materials has further increased steel price... 21.04.2021  09:41

• Worldsteel Raises Steel Demand Growth Forecast in 2021 to 5.8% The World Steel Association predicts steel demand will rise 5.8% in 2021 to reach 1.874 billion tonnes, after just 0.2% decline in 2020, as the overall impact of the coronavirus pandemic on the sector is less than before. foreseen. According to worldsteel, in 2022, steel demand will grow by 2.7%... 16.04.2021  09:47

• India tries to reduce dependence on scrap imports Driven by the COVID-19 epidemic, the global scrap metal market is currently facing challenges such as container shortages, delays in port arrivals and rising freight rates. Under these conditions, the Indian Prime Minister called for an increase in the domestic supply of scrap to meet... 16.04.2021  09:44

• ArcelorMittal invests in steel plants in Germany ArcelorMittal has announced a major investment in its German facilities as part of its efforts to reduce carbon emissions by accelerating the adoption of carbon neutral steel and expanding its hydrogen infrastructure. According to a press release, the company plans to build a large-scale... 16.04.2021  09:41