Metallurgy news

• China to cut coal import tariffs to zero from May 2020 China's State Council Commission on Customs Tariffs said China will cut import tariffs on all types of coal to zero from May 1, 2022 to March 31, 2023 in an effort to secure energy supplies and reduce import costs due to concerns about rising global prices and supply disruption. Import tariffs... 30.04.2022  10:18

• Severe power shortage in India affects industry Across India, there is a severe shortage of electricity: coal stocks at thermal power plants have fallen to a nine-year low. In addition, demand for electricity grew at the fastest rate in 38 years, affecting industrial operations. As a result, coal stocks at thermal power plants in India fell... 30.04.2022  10:14

• Steel production in Germany fell in April According to statistics from the German Steel Federation (WV Stahl), crude steel production in Germany in April this year was about 3.3 million tons, down 11.8% compared to the same month last year. During this period, the production of hot-rolled steel in Germany decreased by 13.1% year-on-year... 30.04.2022  10:12

• Voestalpine sells 80% stake in Texas HBI plant to ArcelorMittal ArcelorMittal and Austrian Voestalpine have reached an agreement to acquire an 80% stake in Voestalpine's hot briquetted iron (HBI) plant in Texas. Voestalpine will own the remaining 20% ​​stake. Voestalpine's HBI plant in Texas has a design annual capacity of 2 million tonnes. This is one of the... 29.04.2022  11:29

• Kazakhstan extended the ban on the export of scrap metal for 6 months The Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan announced that the ban on the export of scrap will be extended for another six months from May 6. The ban includes the export of scrap and waste of ferrous metals from Kazakhstan, with the exception of elements... 29.04.2022  11:27

• Nucor keeps sheet prices unchanged for June Electric arc furnace (EAF) steel maker Nucor kept prices flat for flat products. The company updated its pricing for June orders this afternoon, keeping ex-works prices at $1,910/t. The move to keep prices steady comes less than a month after Nucor increased ex-factory prices for baseplates... 29.04.2022  11:25

• China steel inventories hit 13-month high amid COVID-19 outbreak China's steel inventories hit a 13-month high on April 20 as the country's steel production continued to rise steadily on weak demand amid the latest COVID-19 outbreak. Domestic markets have a mixed outlook for steel demand in the coming weeks as uncertainty looms in the industry due to the... 29.04.2022  11:14

• Worldsteel predicts a decline in global steel demand in 2022 The World Steel Association (worldsteel) has lowered its forecast for global steel demand growth to 0.4% (about 1.84 billion tons) in 2022, compared to the previously forecast growth of 2.2%. However, the US steel mill Nucor Corporation said that the overall final demand for steel is... 27.04.2022  10:14

• Thyssenkrupp announces the construction of a new scrap metal recycling plant in Duisburg The groundbreaking ceremony for the ThyssenKrupp scrap metal processing plant took place in Duisburg. This processing plant was part of the REDERS project funded by the state of North Rhine-Westphalia in the amount of 6.4 million euros. The REDERS project is a steelmaking process with increased... 27.04.2022  10:11

• China urges traders to limit exports amid rising global prices The China Steel Association urged trading companies not to increase exports to take advantage of rising global prices, but instead prioritize meeting domestic demand. Steel prices in Europe soared after Russia's invasion of Ukraine disrupted logistics, triggered sanctions and raised energy... 27.04.2022  10:08