Metallurgy news

• British Steel may close coke ovens to cut carbon bills Scunthorpe-based steelmaker British Steel intends to close its coke ovens to reduce the amount of carbon credits it must purchase. The producer may close facilities as early as June, after which it will import marketable coke, eliminating the need to buy allowances for its coke-chemical... 02.02.2023  09:35

• Australia advocates for Green Corridor H2 with the Netherlands Australia signed a memorandum of understanding with the Netherlands to support the development of a green hydrogen supply chain from Australia to Europe. An agreement announced Wednesday lays the groundwork for an export corridor from Australia to the port of Rotterdam, complementing work... 02.02.2023  09:32

• Vietnamese Hoa Phat Raises HRC Prices Slightly Hoa Phat Group has raised domestic prices for its new shipments of hot rolled coil by about $55 per ton. The price of SAE1006 or SS400 hot rolled steel that has not been surface treated is set at the equivalent of approximately US$650/t (VND15,300/kg) in Hai Phong and US$652/t in Ho Chi Minh City... 02.02.2023  09:30

• Steel demand falls in January due to CNY holiday The composite PMI for January 2023 was 46.03, up 1.71 points from the previous month and 0.46 points from the previous year. The seasonally adjusted composite index stood at 49.94, up 3.39 points m/m and 0.42 points y/y. In general, the Chinese New Year (CNY) holiday had a greater impact on the... 01.02.2023  11:33

• Global steel production in 2022 fell by 4.2% Global crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) was 140.7 million tonnes (Mt) in December 2022, down 10.8% from December 2021. Steel production by region Africa produced 1.1 million tonnes in December 2022, down 8.9% from December 2021.... 01.02.2023  11:30

• US amends duty rate on long products in Italy 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... 31.01.2023  10:51

• EU launches AD due diligence on cast iron products from China The European Commission has begun reviewing the expiration of anti-dumping measures applicable to imports of certain iron products originating in China. The request was submitted on 28 October 2022 by Eurofonte. These are certain products made of lamellar graphite iron (grey cast iron) or... 31.01.2023  10:49

• Steel production in Japan declined in 2022 According to the Japan Iron and Steel Federation (JISF), Japan's steel production in 2022 was 89.23 million tonnes, down 7.4% from 2021, the first decline in two years. The decline was mainly due to a slowdown in the recovery of auto production and reduced demand for exports amid a sluggish global... 31.01.2023  10:48

• US Steel Kosice operates on all three furnaces Slovak steelmaker US Steel Kosice has resumed operation of all three furnaces. Earlier this week, the company restarted its second blast furnace, which had been idle for 60 days of maintenance in September, meaning all of its units are running. He restarted the first blast furnace, which he says... 26.01.2023  11:42

• Imports of hot-rolled steel to Turkey decreased According to the Turkish Statistical Institute (TUIK), Turkey imported about 4.4 million tons of hot rolled coil from January to November 2022, down 15% from the same period a year ago. While imports from China more than quadrupled to 700,000 tons, imports from Russia and Ukraine fell sharply.... 26.01.2023  11:40