Metallurgy news

• MMK has signed a contract with Danieli for the supply of four slab heating furnaces Russia's leading steelmaker Magnitogorsk Iron and Steel Works - MMK has selected Danieli Centro Combustion technology to supply four reheat furnaces for flat rolling mill #10 in Magnitogorsk, Russia. The capacity of each heating furnace will be 465 tons of slabs per hour. The new furnaces,... 19.01.2022  10:33

• 10 out of 15 steel-smelting electric furnaces continue to stand idle in Ukraine According to the association of enterprises "Ukrmetallurgprom", as of January 12, 2022, out of the main operating metallurgical capacities, 5 out of 15 electric furnaces were in operation. Also involved in the production of steel were 17 out of 21 blast furnaces, 7 out of 8 open-hearth furnaces,... 17.01.2022  11:23

• India cancels anti-dumping measures against rolled metal products from China and the EU India has canceled anti-dumping duties on painted and pre-flat steel imports from China and the EU, according to a notice from the Central Board of Indirect Taxes and Customs of India (CBIC). Last week, the Indian government also decided to cancel anti-dumping duties on imports of hot-rolled... 17.01.2022  11:18

• Omicron influences factory production in Central China A new variant of the COVID-19 Omicron virus is spreading rapidly in China, with steel mills in the hardest-hit area of ​​Central China reporting outages a week after the variant was first confirmed on January 8 in northern China's Tianjin municipality. As of Friday, Chinese medical authorities wer... 17.01.2022  11:16

• Rio Tinto to launch satellite to boost iron ore production No. 1 iron ore producer, Rio Tinto, has entered into a partnership with Pixxel, a growing American and Indian company specializing in Earth imaging technologies. Once Pixxel releases images from its first high-resolution satellite, which is scheduled to launch in late January, Rio Tinto will... 14.01.2022  11:37

• China's iron ore imports fall from record high in 2021 China's iron ore imports fell 4.3% in 2021 from the previous year's all-time high as steel production restrictions imposed to combat pollution dampened demand and pushed prices of the key metallurgical material from all-time highs. The world's largest consumer of iron ore imported 1.12 billion... 14.01.2022  11:33

• Taiwanese factories to raise stainless steel prices for February Nickel, the main raw material for stainless steel, accounts for up to 50% of the total cost. The recent price of nickel hit a ten-year high of $22,000/t due to new Indonesian policies and the fall in the US dollar. Indonesia, the world's largest nickel producer, is considering imposing export... 14.01.2022  10:41

• Torrential rains in Brazil paralyzed the iron ore industry The price of iron ore jumped on Wednesday as heavy rains disrupted the iron ore industry in southeast Brazil. At the same time, Vale stopped its operations, and regulators were sent to monitor the impact. On the exchange, iron ore futures rose 1.9%. The 62% iron benchmark fine imported to... 13.01.2022  15:07

• Japanese company develops nickel-free alloy steel Recently, JFE Steel announced the development of FM1300S nickel-free powder alloy steel with a tensile strength of up to 1300 MPa. The impact strength, fatigue strength and cutting ability are also very good. High-temperature sintering above 1200°C does not require the use of a special furnace. ... 13.01.2022  15:03

• US Steel builds new plant next to Big River Steel plant US Steel has announced that it will build a US$3 billion plant in northeast Arkansas, adjacent to the existing Big River Steel plant. It was planned to install two electric arc furnaces at the new mill with an annual production capacity of 3 million tons of improved steel. Construction was... 13.01.2022  14:58