Metallurgy news

• Stocks of stainless steel producers in China are gradually rising In the last week of 2022, Tsingshan Holding Group lowered the AISI 304 futures price for 2023/January-February delivery, hoping to maximize inventory before the Chinese New Year and ease pressure. At present, due to the strong epidemic in China, it is difficult to predict the market dynamics... 28.12.2022  12:54

• India charges China with duties on stainless seamless pipes India has imposed anti-dumping duties on imports of seamless pipes and stainless steel pipes originating from China. This decision follows the recommendation of the DGTR to impose duties equal to a lower dumping margin and a damage margin in order to eliminate the damage to the domestic... 27.12.2022  14:06

• China's daily crude steel production declines in mid-December In mid-December, daily crude steel production at China's key smelters was about 1.96 million tonnes, down 1.15% from early December. At the same time, the daily output of pig iron and metal products slightly decreased by 0.58% to 17.73 million tons and increased by 0.95% to 1.92 million tons. In... 27.12.2022  14:00

• Worldsteel: global steel production fell in November According to statistics from the World Steel Association (worldsteel), global crude steel production in November this year was about 139 million tons, down 2.6% from last year. Among them, Asian crude steel production reached 101.4 million tons, an increase of 2.7% year on year, of which China's... 27.12.2022  13:54

• Italian company Acciaierie d'Italia receives funds to decarbonize its Taranto plant According to a statement from the European Commission, it will allocate 1 billion euros to Italy to help bring about climate change in the province of Taranto. These investments will be used to diversify the economy and create jobs in green sectors such as renewable energy. The main plant of the... 26.12.2022  12:34

• Salzgitter supplies steel pipes for LNG pipelines in Germany German steel group Salzgitter AG said its subsidiary Mannesmann Line Pipe GmbH has received an order for the pipeline from German energy operator EWE NETZ GmbH. As a result, a new LNG pipeline will be built, which will make a significant contribution to the expansion of the LNG infrastructure in... 26.12.2022  12:31

• By 2030, SAIL's production capacity will be increased to 33 million tons Steel Authority of India Limited (SAIL) recently announced that it plans to increase annual production from 19.6 million tons to 33 million tons by 2030. With the launch of the SAIL expansion plan, the annual capacity of the Bokaro plant will also increase from 4.6 million tons to 8.6 million... 24.12.2022  13:59

• Hoa Phat exports long products to Europe for the first time Vietnamese steel company Hoa Phat has announced that it will export 10,000 tons of wire rod to Europe. This is the company's first export order for long products to Europe, which will be delivered in February 2023 of the year. Hoa Phat has previously exported hot rolled coil and galvanized steel... 24.12.2022  13:58

• The European Investment Bank will provide a loan of 350 million euros to Danieli Group The European Investment Bank (EIB) has approved a loan of 350 million euros for the Italian Danieli Group. The loan will help Danieli Acciaierie Bertoli Safau in Cargnacco, Udine, Italy, and Acciaierie Bertoli Safau in Sisak, Croatia, produce recycled steel and help further improve the circular... 24.12.2022  13:56

• Chinese metallurgy sector expects recovery in demand China's steel production and prices in 2023 will be driven by the level of recovery in demand compared to 2022, with investment in infrastructure unlikely to pick up and demand outlook in the real estate sector remaining uncertain. China's gross domestic product (GDP) growth is expected to reach... 22.12.2022  11:59