Metallurgy news

• Coking coal rises in price due to supply problems Coking coal prices rose sharply in Australia in the week ending February 10 due to supply problems amid rainy weather and a coal train derailment in Australia. Experts valued premium hard coking coal at $370.46/t free-on-board in Australia, up $22.38/t from $348.08/t the previous week. On the... 13.02.2023  11:54

• Russian metal accounts for a significant portion of LME reserves According to the London Metal Exchange (LME), Russian metal accounted for up to 42% of total reserves, which is about 153 thousand tons. Among them, Russian aluminum amounted to about 94,000 tons, accounting for 41% of LME reserves. Copper accounted for 94% with a volume of about 55,000 tons,... 13.02.2023  11:52

• Eurofer predicts lower steel demand in Europe in 2023 Steel demand in Europe was expected to decline in 2022 and remain that trend in 2023 due to weak performance in key steel-using sectors, but recover in 2024, regional steel association Eurofer said in a Q4 2022 report. H Eurofer expects apparent steel demand in the EU to decline by 4.6% in 2022... 10.02.2023  10:44

• ArcelorMittal Spain resumes ACB operations for one order ArcelorMittal says it is temporarily reopening its Acería Compacta de Bizkaia (ACB) plant in Sestao, northern Spain. Production will resume from February 11 to February 17 for one order. The plant produces hot-rolled, pickled and oiled coil in an electric arc furnace. "We're going to do a short ... 10.02.2023  10:39

• German company Salzgitter establishes low-carbon steel production Salzgitter Flachstahl GmbH, the rolling mill of German steel group Salzgitter AG, has signed a memorandum of understanding with Canada's Baffinland Iron Mines to explore the possibility of using direct-ship ore mined in Canada's Nunavut region in mild steel production. Both sides will choose... 09.02.2023  11:35

• India's Tata Steel reports third-quarter loss due to lower demand India's Tata Steel on Monday reported a quarterly profit loss from a year ago, caused by a sharp drop in global steel prices and lower demand amid fears of a likely slowdown in economic growth. Consolidated losses of the steel plant for the three months to December 31 amounted to 25.02 billion... 08.02.2023  09:34

• Ukrainian plant ArcelorMittal plans to resume production by 50% ArcelorMittal Kryvyi Rih said it plans to resume production capacity at 50%, provided that energy supply and logistics routes through Poland or southern Ukraine to Romania stabilize. The CEO of the company said that she faced the problem of exporting products through the blocked Black Sea ports,... 07.02.2023  12:02

• US amends AD duty rate on Italian long products The U.S. Department of Commerce (USDOC) has amended the final results of an administrative review of an anti-dumping duty order on certain carbon and alloy steel bars from Italy to correct a ministerial error covering the review period from May 1, 2020 to April 30, 2021 d. The weighted average... 06.02.2023  11:22

• The implementation of Norilsk Nickel's projects will be delayed due to the refusal of Western partners to cooperate Norilsk Nickel (Nornickel), a Russian nickel and palladium mining and smelting company, said some of its projects that were scheduled to be completed after 2024 are likely to be delayed by two to three years as its Western partners refused to supply some equipment. After the Russian-Ukrainian... 06.02.2023  11:18

• US Steel Košice resumes operation of Blast Furnace No. 2 US Steel Košice, based in Kosice, Slovakia, has restarted its Blast Furnace #2, which was out of service last September. Blast Furnace #1 was idle in early December due to low demand for steel and resumed operation earlier this month. Blast furnace No. 3 is kept in working order. After the ... 06.02.2023  11:17