Metallurgy news

• Buying panic in the European steel market subsides European steel prices continued to rise in the second half of March. By early April, this upward trend had largely stopped. The panic of buying subsided. Prices for hot-rolled coil in some regions began to decline. At the height of the war in Ukraine, European steelmakers were facing cost spikes... 22.04.2022  09:49

• Russian metallurgical companies will be exempted from excise tax on liquid steel The Russian government has stated that if Russian metallurgical companies produce liquid steel for their own needs, they will be exempted from paying excise duty on liquid steel. The decision will also affect companies with an annual output of not more than 300,000 tons of special steel with an... 21.04.2022  11:49

• Dana Steel's CRC plant in the UAE will start production in the first quarter of 2023 Dana Steel from the UAE is already preparing to start the production of cold rolled coils. The cold rolling plant has an annual production capacity of 400,000 tons and was due to start production in the first quarter of 2023. Dana Steel currently has two production lines, one of which is used to... 21.04.2022  11:47

• Metinvest's Zaporizhstal resumed pig iron production The Ukrainian metallurgical plant Zaporizhstal, which is part of the Metinvest group, canceled the protection regime for a part of the equipment, and then resumed the production of pig iron. A gradual resumption of production activities at the steel and rolling mills was also planned. Since the... 21.04.2022  11:42

• Belgian court decides to liquidate Liberty Steel Liège The Belgian Commercial Court rejected a restructuring plan submitted by Liberty Steel's British subsidiary Liberty Liège and ordered the dismantling of the plant. A spokesperson for GFG Alliance, a group of steel and energy companies that includes Sanjeev Gupta's Liberty Steel, said the company ... 20.04.2022  08:42

• Luxembourg company Tenaris stops all trade operations with Russia Leading Luxembourg steel pipe manufacturer Tenaris has announced that due to Russian military action in Ukraine, the company has stopped all trading activities with Russia, including exports to Russia and imports from Russia. At the same time, Tenaris also decided to close the joint venture with... 20.04.2022  08:40

• Russia introduces a ban on the export of scrap alloys to unfriendly countries The Deputy Minister of the Ministry of Industry and Trade of Russia said that Russia had already introduced a ban on the export of scrap alloys to unfriendly countries. Thus, the export of scrap alloys from Russia may be reduced by 90%. The data showed that Russia has significant reserves of... 20.04.2022  08:37

• Thyssenkrupp reduces working hours for 1,300 steelworkers Thyssenkrupp, the German steelmaker, has forced its 1,300 steelworkers to work reduced hours, saying the decision was made in response to the impact of the Russian-Ukrainian war on the auto industry, raw material prices and the economy. However, the number of employees who will be affected by... 19.04.2022  10:10

• Metinvest: steel production capacity has fallen, production will resume after the war Metinvest, Ukraine's largest steelmaker, said on Saturday it "won't operate under Russian occupation," saying more than a third of Ukraine's steelmaking capacity was shut down in the attack on the southeastern port city of Mariupol. Iron ore production in Ukraine has more than halved since... 19.04.2022  10:06

• Raw steel production in Japan for April-June will decrease by 4.2% y /y - METI Japan's crude steel production is expected to fall 4.2% in April-June from a year earlier amid slow car production due to a shortage of chips and components, the Ministry of Economy, Trade and Industry (METI) said on Tuesday. This will mark the second quarterly decline in a row. METI... 19.04.2022  10:03