Metallurgy news

• Ferrexpo owner Zhevago leaves board of directors after arrest in France Konstantin Zhevago, the billionaire owner of Ukrainian iron maker Ferrexpo Plc, will leave the board of iron ore pellet maker after he was detained in France at the request of Ukrainian authorities. Zhevago was detained at a hotel in the luxury French ski resort of Courchevel on Tuesday by... 30.12.2022  12:40

• Nickel price rises to $30,000 per ton, pushing up stainless steel prices The price of nickel on the London Metal Exchange (LME) continued its upward trend and is currently at $30,000 per tonne. Prices for tin, copper, aluminum and stainless steel also rose. According to market participants, the rise in prices for stainless steel will be sustainable in January next... 29.12.2022  13:25

• China Steel Market Prospects in 2023 The global economy is expected to be in a significant recession in 2023. In this situation, global demand, including for steel, may decline. As for China's domestic market, due to China's economic stabilization policy package, investment in infrastructure construction will continue to rise in 2023.... 29.12.2022  13:23

• French Air Liquide completes construction of hydrogen pipeline for ThyssenKrupp Air Liquide, an industrial gases company in France, has completed a 4 km hydrogen pipeline to the ThyssenKrupp plant in Duisburg, and the line is part of the H2Stahl laboratory sponsored by the German Federal Ministry for Economics and Climate Protection. In 2019, ThyssenKrupp and Air Liquide... 29.12.2022  13:18

• Brazil's Vale iron ore exports fall in November Vale, a Brazilian multinational metals and mining corporation, exported about 19.3 million tons of iron ore in November, down 25.9% year-on-year, according to the National Union of Iron and Non-Ferrous Metals Industries of Brazil (Sinferbase). . year on year and down 8.2% on a monthly basis.... 28.12.2022  12:57

• Stocks of stainless steel producers in China are gradually rising In the last week of 2022, Tsingshan Holding Group lowered the AISI 304 futures price for 2023/January-February delivery, hoping to maximize inventory before the Chinese New Year and ease pressure. At present, due to the strong epidemic in China, it is difficult to predict the market dynamics... 28.12.2022  12:54

• India charges China with duties on stainless seamless pipes India has imposed anti-dumping duties on imports of seamless pipes and stainless steel pipes originating from China. This decision follows the recommendation of the DGTR to impose duties equal to a lower dumping margin and a damage margin in order to eliminate the damage to the domestic... 27.12.2022  14:06

• China's daily crude steel production declines in mid-December In mid-December, daily crude steel production at China's key smelters was about 1.96 million tonnes, down 1.15% from early December. At the same time, the daily output of pig iron and metal products slightly decreased by 0.58% to 17.73 million tons and increased by 0.95% to 1.92 million tons. In... 27.12.2022  14:00

• Worldsteel: global steel production fell in November According to statistics from the World Steel Association (worldsteel), global crude steel production in November this year was about 139 million tons, down 2.6% from last year. Among them, Asian crude steel production reached 101.4 million tons, an increase of 2.7% year on year, of which China's... 27.12.2022  13:54

• Italian company Acciaierie d'Italia receives funds to decarbonize its Taranto plant According to a statement from the European Commission, it will allocate 1 billion euros to Italy to help bring about climate change in the province of Taranto. These investments will be used to diversify the economy and create jobs in green sectors such as renewable energy. The main plant of the... 26.12.2022  12:34