Metallurgy news

• Steel consumption in China will not change in the 23rd year China's apparent consumption of crude steel is expected to remain largely at 950 million tonnes in 2023, Luo Tiejun, Vice President of the China Iron and Steel Industry Association (CISA), said during the National Scrap Metal Conference in Chengdu in southwest China. Sichuan, 23 February. “Of c... 24.02.2023  11:52

• British Steel proposes closure of Scunthorpe coke ovens to cut costs and emissions British integrated steelmaker British Steel said Feb. 22 it was proposing to shut down its coke ovens to cut costs and carbon emissions, which could cut up to 260 jobs at its long products and rails facility. Additional measures to "streamline" and cut costs could also be taken, he said. The... 24.02.2023  10:49

• Price growth for flat steel in Europe has stopped The earthquakes that hit Turkey and Syria on February 6 destroyed buildings and claimed many thousands of lives. A complete renovation will take several years. Immediately after that, all Turkish steel producers, whether they were in the disaster area or not, were busy only providing assistance.... 23.02.2023  12:51

• Purchases of scrap metal in Ukraine fell sharply in January According to the Ukrainian Association of Secondary Metals (UAVtormet), the volume of scrap metal purchases in Ukraine in January this year amounted to about 61 thousand tons, which is 75.6% less than in the same month last year. During this period, the supply of scrap metal in Ukraine amounted... 22.02.2023  11:28

• Rio Tinto to supply BMW Group with low-carbon aluminum Global mining company Rio Tinto has partnered with German luxury car manufacturer BMW Group to create an innovative new partnership to develop more responsible, resilient, traceable and secure supply chains. Under the agreement, Rio Tinto will supply the BMW Group with responsibly sourced... 22.02.2023  11:26

• Tokyo Steel to raise steel prices in March Tokyo Steel Manufacturing Co Ltd, Japan's largest electric arc furnace steelmaker, said on Monday it would raise the price of its rolled steel by 3% in March to reflect tough market conditions. The increase comes after the company kept prices for all its steel products flat for the fifth... 20.02.2023  13:52

• thyssenkrupp uses the latest technology to produce top quality CRGO in India In India, thyssenkrupp is the only manufacturer of the highest quality CRGO electrical steel. The company recently expanded its manufacturing capacity to produce world class CRGO steel at its Nashik plant. The company currently has the capacity to produce 50,000 tons of top quality CRGO. Grain... 20.02.2023  12:53

• Steel production in Ukraine fell in January According to the Ukrainian steel trading association Ukrmetallurgprom, Ukraine produced about 284,000 tons of crude steel in January, down 84.7% from the same period a year ago due to the war between Russia and Ukraine. Over the past four months, rocket attacks on Ukraine's energy infrastructure... 17.02.2023  10:29

• ArcelorMittal Dofasco and NLMK USA announce price increases for hot-rolled steel ArcelorMittal Dofasco, Canada's leading flat steel producer, has raised prices for hot rolled coil and cold rolled coil to CAD 1,200 per short ton and CAD 1,460 per short ton, respectively. The price of hot dip galvanized coil, annealed galvanized steel and aluminum has also been increased to CAD... 17.02.2023  10:05

• China's steel imports hit 30-year low in 2022 In 2022, China's steel imports totaled 10.57 million tons, down 25.9% year-on-year, the lowest since 1993. High inflation and the energy crisis have led to the high cost of steel imports to China. Among them, Japan, South Korea and Indonesia were the main importers with a total of 7.92 million... 15.02.2023  12:22