Metallurgy news

• Ukraine is going to withdraw from Russia a stake in Zaporizhstal President of Ukraine Volodymyr Zelensky on May 12 signed decrees imposing sanctions on 13 individuals and 28 legal entities that helped Russia retain control over the Ukrainian steel company Zaporizhstal, according to the president's official social media account on Friday, May 12. President... 17.05.2023  12:30

• Taiwan's electric furnaces to face higher electricity tariffs in summer Taiwan's annual summer electricity pricing scheme began on May 16. Approximately 25,000 high-voltage electricity customers, including the semiconductor, steel and petrochemical industries, will charge higher summer tariffs from May 16 to October 15, extended from June 1 to September 30 the previous... 17.05.2023  12:29

• Steel production in Ukraine in January-April 2023 In the first four months of 2023, crude steel production in Ukraine decreased by 46% year-on-year to about 1.81 million tonnes. At the same time, Zaporizhstal, Ukraine's fourth-largest smelter and part of the Metinvest Group, produced around 647,000 tons of steel, down 10.3% year-on-year. After... 15.05.2023  11:20

• The German company Salzgitter reported a decrease in steel production in the first quarter Salzgitter, a German steel and technology company, reported a 7.5% year-on-year decline in steel production in the first quarter to 1.58 million tons. The company said it expects industry demand to pick up through the end of 2023 as supply chain problems ease, especially in the European automotive... 15.05.2023  11:18

• Planned stainless steel production in China increased in May Scheduled stainless steel production in China increased significantly in May. The planned production volume was more than 2.5 million tons, which is a new record for the year. The increase in planned production led to an increase in purchases with positively growing offers. According to market... 15.05.2023  11:14

• Ukrainian Metinvest will take its place in the green future of Europe Ukrainian steel and mining group Metinvest will be a leading player in the country's recovery as well as a key supplier to the European Green Revolution, CEO Yuriy Ryzhenkov said at the Made in Steel exhibition in Milan. “Progress in low-carbon steel production in Europe is phenomenal,” Ryz... 14.05.2023  13:21

• POSCO strengthens technical cooperation with Samsung Electronics South Korean company POSCO recently signed a three-year long-term contract for the first time to supply Samsung Electronics with cold-rolled steel and coated materials specifically for use in home appliances. In addition, Posco will also supply Samsung Electronics with its stainless and electrical... 09.05.2023  11:31

• Iranian metallurgy struggles with electricity and gas shortages Although the Islamic Republic has aspired to become the world's seventh largest steel producer, the data shows that it is struggling to maintain its place in the top ten. According to industry sources, Iran's steel production has plummeted as the regime faces severe shortages of electricity and... 09.05.2023  10:37

• ArcelorMittal Dunkirk to restart blast furnace in June The ArcelorMittal steel mill in Dunkirk is preparing to resume production at blast furnace #4 after a fire in March. After the refurbishment, production should resume in mid-June, with the ramp-up phase to last several weeks. The company previously announced plans to restore the operation of... 05.05.2023  11:17

• Metinvest attracts Polish metal products for distribution in Ukraine Metinvest's trading division, Metinvest-SMC, delivered to Ukraine a steel angle made in Poland. Previously, these products were produced at the destroyed Azovstal plant in Mariupol. Products imported from Poland comply with international standards PN-EN10056-2 PN-EN10025-1 PN-EN10025-2. Corners... 04.05.2023  11:13