Metallurgy news

• Imports of steel products in Russia decreased in 2020 According to the Customs of the Russian Federation, in 2020 Russia imported about 5.2 million tons of steel products, which is 27.6% less than in the previous year. In December, imports of ferrous metal products amounted to about 400,000 tons, compared with 330,000 tons in November. Also,... 12.02.2021  10:50

• Vale invests in CO2-free steel production The funds will be used to acquire a minority stake in the company and promote the technology as part of the New Pact with Society initiative for zero-carbon mining. Boston Metal, an MIT subsidiary with early support from Bill Gates' Breakthrough Energy Ventures Foundation, is developing a molten... 11.02.2021  10:18

• ArcelorMittal announces the sale of 40 million shares of Cleveland-Cliffs ArcelorMittal subsidiary based in Europe and the United States announced its decision to sell part of its shares to the American company Cleveland-Cliffs. ArcelorMittal North America Holdings LLC announced an agreement to sell 40 million of the company's common shares through a public offering... 11.02.2021  09:52

• Interpipe supplies pipes to the Middle East The Ukrainian company Interpipe completed the first deliveries of pipes for one of the largest oil companies in the Middle East Qatar Petroleum, Qatar Petroleum plans to use INTERPIPE pipe products in the fields of the Dukhan Field oil and gas basin. Qatar's National Petroleum Company... 11.02.2021  09:30

• Elon Musk Offers $ 100 Million for Best Carbon Capture Innovation Tesla CEO Elon Musk is donating $ 100 million to the winner of the new four-year X Prize Foundation's global carbon dioxide removal (CDR) technology competition. The prize will be awarded to the best project plan to remove carbon dioxide directly from the atmosphere or oceans and store that... 10.02.2021  12:31

• In Germany, sentiment on rising steel prices eased German steel price expectations fell significantly in February from previous months, according to S&P Global Platts' monthly steel sentiment survey. In a survey of German manufacturers, distributors /traders and end buyers conducted in early February, the Steel Price Index stood at 65,... 10.02.2021  12:13

• Economic recovery and weakening dollar boost steel demand He estimates that the average steel price this year will be 15 percent higher than last year. Domestic demand and steel prices are expected to rise this year on the back of a global economic recovery. In addition, the expectation that the US dollar will continue to depreciate adds to the... 10.02.2021  11:54

• WTO postpones decision on US metals tariffs to second half of 2021 The World Trade Organization has postponed its ruling on metals tariffs imposed by the United States until at least the second half of 2021, giving President Joe Biden more time if he wishes to settle disputes. The WTO group, which tackles the challenges posed by China, the European Union,... 09.02.2021  10:09

• Rolled metal for the longest suspension bridge in South America The unique steel suspension bridge in Chile, South America stands out as one of the most challenging engineering projects ever undertaken. The Chacao Bridge project is located just 80 kilometers from the epicenter of the 9.5 magnitude earthquake that hit the country in 1960. The designers faced... 09.02.2021  10:01

• Metinvest in 2020 increased steel production by 9% in 2020 The largest mining and metallurgical holding of Ukraine Metinvest, by the end of 2020, increased steel production by 9% compared to 2019 - up to 8.268 million tons, pig iron - by 7%, up to 8.475 million tons, total coke production - by 3%, up to 4.808 million tons. According to a press release... 09.02.2021  09:40