Metallurgy news

• Japan's Kyoei Steel raises rebar prices for January Kyoei Steel, Japan's largest rebar maker, is revising its domestic rebar prices for January sales, the company announced on Wednesday, after the Osaka plant added 5,000 yen per tonne ($38 per tonne) last month to sales for the current month. according to Mysteel Global. In a statement, Kyoei... 22.12.2022  11:56

• Steel imports to India jumped by 93% in November Finished steel imports to India rose 93% in November, making the country a net importer for the second consecutive month, while exports hovered around a three-year low. Last month's imports of 600,300 t were the highest since October 2019, while finished steel imports from April to November rose... 22.12.2022  11:53

• European steel mills expect price recovery Market participants said that a recovery in demand in Europe could only occur after the Chinese New Year. However, the price of hot-rolled coil (HRC) has almost reached its minimum, and Italian mills have also begun to increase their offers. At present, the stocks in the domestic market are not... 21.12.2022  11:39

• China Baowu Group to Build Zero-Carbon Sheet Steel Plant China Baowu Group has published an environmental assessment report for its high value-added steel plate plant in Zhanjiang. This publication indicates that this zero-carbon steelmaking plant is categorized as C3120 steelmaking and is located in the Zhanjiang Economic and Technological... 21.12.2022  11:38

• Ukraine may double steel production in 2023 - UAVtormet The reduction in the procurement of ferrous scrap in Ukraine this year will amount to 930 thousand tons, which is 77.5% less than a year earlier, according to the Ukrainian Association of Secondary Metals UAVtormet. Steel production in 2022 will be 6.5 million tons, which is 69.5% less,... 21.12.2022  11:36

• Export of steel pipes of Ukraine fell in November According to statistics, Ukraine's export of steel pipes in the first 11 months of this year amounted to about 375,000 tons, which is 32% less than last year. The value of these exports was approximately US$643 million, down 6.7% from last year. Among them, the USA, Germany and Poland were the... 20.12.2022  11:28

• Demand recovery - steel suppliers' holiday wish During the holiday season, children around the world look forward to gifts. Similarly, steel suppliers are looking forward to a recovery in demand and prices. The traditional gifting season in Western Europe runs from St. Nicholas Day in early December to January. Current signs suggest that... 20.12.2022  10:53

• Iron ore prices slide as coronavirus cases rise in China The price of iron ore tumbled on Monday as rising Covid-19 cases in China prompted traders to take some profit from the recent gains. China is experiencing the first of three expected waves of coronavirus infections this winter, forcing many people to stay home, according to the country's top... 20.12.2022  10:49

• POSCO resumes production at typhoon-hit steel mill South Korean steelmaker POSCO said on Sunday it had resumed operations at a key steel plant after a three-month hiatus due to the typhoon. On Thursday, POSCO restarted its No. 2 hot-rolled steel plant in Pohang, 374 kilometers southeast of Seoul, bringing the number of normalized plants to 13... 19.12.2022  12:39

• UK plans to switch gas boilers to hydrogen from 2026 The UK plans to require all newly installed gas-fired boilers to be hydrogen-ready from 2026 as the country prepares to transition to low-carbon domestic heating. The government solicits input from consumers, installers, manufacturers and the wider industry through public consultation to assess... 19.12.2022  12:37