Metallurgy news

• ArcelorMittal invests in decarbonisation plan for Canadian Dofasco plant ArcelorMittal said it will install a new direct reduced iron plant with an annual production capacity of 2.5 million tons and an electric steel furnace with an annual production capacity of 2.4 million tons at the Dofasco plant in Hamilton, Ontario. The introduction of these new technologies and... 17.02.2022  10:15

• Metinvest to invest $1.2 billion in Ukraine in 2022 Metinvest Group plans to invest more than $1.2 billion in the modernization of its enterprises in 2022. This is 18% more capital investments of the previous year. In 2022, the group will continue the environmental modernization of its enterprises. One of the main projects is the reconstruction... 17.02.2022  10:07

• Iron trade remains hot despite absence of US and China Global iron seller sentiment continued to strengthen over the past week, with new sales ending at higher levels amid increased demand. . One buyer from Italy, influenced by rapidly declining port stocks and low availability of spot supplies in the CIS, accepted higher bids and ordered a large... 15.02.2022  11:50

• Rebar production in China falls to 2-year low Most of the mini-factories ceased operations as early as the Chinese New Year (CNY) holiday (January 31 to February 6) and their production had not yet recovered during the study week. In contrast, while many integrated factories operated normally during the yuan break, production among many in... 15.02.2022  10:50

• Ecolant starts construction of a direct reduction electric arc furnace steel plant Ecolant, owned by OMK owner Anatoly Sedykh, a Russian manufacturer of steel pipes and railroad wheels, told S&P Global Platts that it has laid the groundwork for the construction of a 1.8 million tonne-per-year direct reduction electric steel plant in Vyksa at a cost of RUB 150 billion (2 billion... 14.02.2022  12:33

• The results of the production of metallurgical enterprises of Ukraine in January 2022 In January 2022, the metallurgical sector of Ukraine issued: sinter - 2.79 million tons (101.3% compared to January 2021); gross coke (6% vol.) - 0.81 million tons (95.5%); pig iron - 1.77 million tons (98.2%); steel - 1.85 million tons (100.7%); rolled products - 1.67 million tons... 14.02.2022  12:28

• The Dutch prosecutor's office launched an investigation into pollution at Tata Steel Dutch prosecutors have announced an investigation into allegations of pollution on the northern coast of the Netherlands during the containment of steel production at Tata Steel's IJmuiden plant. Prosecutors accused Tata Steel of deliberately and illegally dumping hazardous materials to damage... 12.02.2022  13:24

• US makes final AD decision on Turkish rebar In accordance with the final result of the administrative review of anti-dumping (AD) duties, the United States Department of Commerce (USDOC) determined that Turkish manufacturers or exporters of reinforced concrete rebar (reinforcement) subject to this review sold their products at prices lower... 10.02.2022  13:01

• China's metallurgy sector aims for quality growth By 2025, China's steel industry is committed to quality growth with more advanced technology and equipment, stable supply of resources, higher intelligence, improved global competitiveness, and reduced emissions. These were the main goals set in the development guide jointly issued by the... 10.02.2022  12:58

• Iron ore rose to $150 On Monday, the government set 2030 as a new peak emission deadline for the sector, down from an earlier target of 2025. “This is a big schedule adjustment that gives the steel sector more room to achieve peak emissions in an orderly manner,” said Xu Xiangchun, an analyst at research firm Mys... 09.02.2022  13:54