Metallurgy news

• Ukrainian steel producers will suffer from the Carbon Emissions Management Mechanism According to a recent study by the Ukrainian GMK Center, pig iron and rolled products production in Ukraine will suffer large losses due to the Carbon Management Mechanism (CBAM) in Europe from 2026. According to the study, almost 93% of Ukrainian exports subject to CBAM regulation are from the... 20.10.2024  20:38

• Worldsteel selects a new chairman The World Steel Association (worldsteel) has announced the composition of its executive board of directors for the period 2024-2025. Tata Steel CEO Thachat Vishwanath Narendra has been named chairman, while Colakoglu CEO Ugur Dalbeler and Nucor president Leon Topalian have been named... 16.10.2024  17:03

• SSAB signs agreement with Norwegian company to supply fossil-free steel Swedish steelmaker SSAB and Norway's largest producer and distributor Smith Stål signed a letter of intent on September 30 regarding the future supply of fossil fuel-free steel, SSAB said in a statement. SSAB has developed two types of low-carbon steel - SSAB zero and SSAB fossil-free steel. ... 02.10.2024  14:02

• Nippon resubmits application for US assessment of USS acquisition Nippon Steel has again asked the US government to reconsider its plan to acquire US Steel (USS). The move could push back the Committee on Foreign Investment in the United States (CFIUS) review deadline by 90 days to December. Thus, the decision will be made after the presidential elections on... 27.09.2024  12:38

• Logistics problems ArcelorMittal Krivoy Rog According to the company's general director Mauro Longobardo, ArcelorMittal Krivoy Rog (AMKR) can only export finished products to nearby European countries due to high transportation costs. “In the middle of this year, the enterprise managed to reach half the pre-war level of metallurgical p... 23.09.2024  23:10

• Nippon Steel to sell $111 million worth of assets to manage debt in deal with US Steel Nippon Steel plans to sell assets worth at least 30 billion yen ($211 million) this fiscal year to manage its debt, the Nikkei reported on Friday, citing a statement from its vice chairman, as the company awaits a decision on the fate of its purchase of US Steel for $14.9 billion. Earlier this... 22.09.2024  13:29

• Interpipe is testing rail deliveries via Poland The Ukrainian company Interpipe is testing a new logistics route for delivering products to EU countries using rail and road transport, in particular through a terminal in Poland. “Interpipe is currently carrying out test deliveries of pipes by rail to a broad-gauge terminal in the Polish city o... 18.09.2024  19:23

• Nickel flow to Europe demonstrates Indonesia's control over global supply European stainless steel producers are turning to Indonesia for nickel as booming production in the country forces plants in other countries to close. Exports to Europe of Indonesian nickel pig iron - an ingredient for stainless steel used mainly by Chinese manufacturers - to Europe rose to... 14.09.2024  12:39

• German valve factories set their sights on sales in Poland While fixtures sales in Germany continue to decline, as does the country's construction industry, Poland is doing relatively better and has become a more attractive market for some German sellers. Valves factories in East Germany, in particular mainly Italian ones, see better business in Poland... 29.08.2024  13:02

• Canada to impose tariffs on electric vehicles and steel from China Canada will impose new tariffs on electric vehicles and Chinese-made aluminum and steel, siding with Western allies and taking measures to protect domestic producers. The government plans to announce a 100% tax on electric vehicles and 25% on steel and aluminum, according to people familiar with... 27.08.2024  14:09