Metallurgy news

• Japan banned steel exports to Russia Japan has expanded sanctions against Russia, including banning the export of drones, steel and aluminum This is reported by the Ministry of Economy, Trade and Industry of the country. The ban will take effect April 7th. Export restrictions also included steel and aluminum products, spacecraft... 31.03.2023  11:59

• German company Salzgitter reports higher profits in 2022 Salzgitter AG, a German steelmaker, reported that its net profit was 1.08 billion euros in 2022, compared to 586.1 million euros in 2021. Sales revenue amounted to 12.6 billion euros, up 29% year-on-year. EBITDA increased by 28.6% year on year to 1.62 billion euros. However, the company's crude... 29.03.2023  10:47

• Construction steel sales in China rebound Spot sales of construction steel in China, including rebar, again exceeded the 200,000-tonne threshold on March 28, or for the fourth time this month, according to Mysteel data. It also marked the first time that daily transaction volume exceeded the half-month threshold. On Tuesday, the... 29.03.2023  10:45

• USA announces results of Interpipe's OCTG inspection Based on the final results of the Anti-Dumping (AD) Duty Administrative Review, the U.S. Department of Commerce (USDOC) determined that oil field pipes (OCTG) from Ukraine were sold at prices below normal value during the inspection period from January 1, 2020 to June 30, 2021. The weighted... 29.03.2023  10:40

• Ukrmetallurgprom predicts a deepening shortage of scrap metal in the 2nd quarter Metallurgical enterprises of Ukraine began to gradually increase production due to the stabilization of electricity supplies, but they are experiencing difficulties in providing production facilities with the necessary volumes of scrap. The deficit is expected to worsen over the next few... 23.03.2023  10:18

• Steel production and consumption in the EU will decrease in 2023 In 2022, global steel production decreased by 4.3% year on year to 1.83 billion tons. Among them, EU steel production fell by 10.5% year-on-year to around 137 million tonnes. The decline may be caused by the war between Russia and Ukraine, which has greatly affected energy prices. EU steel... 23.03.2023  10:15

• Zaporizhstal started work on the third blast furnace Zaporizhstal, a joint venture of Metinvest Group, is taking blast furnace No. 2 out of forced hot mothballing, which has been idle since March 2022. Now Zaporizhstal’s blast furnace shop will operate with three blast furnaces. “Since March last year, blast furnace No. 2 has been in hot con... 21.03.2023  12:44

• US Steel restarts dormant kiln in Indiana Integrated steelmaker US Steel has restarted its last idle blast furnace at the Gary Works steel plant in Indiana. The company has returned to service its 1.5 million short tons per year Blast Furnace No. 8 at Gary Works, which has been idle since September 7, 2022, as demand has improved. US... 17.03.2023  10:57

• 13 countries around the world ban the export of scrap metal The practice of restricting the export of ferrous scrap is very common in the world and covers 43 countries today. Of these, 13 states generally prohibit the export of this raw material from their territory. Scrap metal is a key raw material for steel production; without it, the operation of... 15.03.2023  09:58

• Chinese Baosteel companies raise prices for April Chinese companies Baosteel, Angang and Bengang announced that they will continue to raise prices for April, of which the price of hot-rolled and cold-rolled steel rose by 200-300 yuan per ton. As for price adjustments at China's top three steel mills, Chaodong Weng, chairman of Taiwan's China... 15.03.2023  09:44