Metallurgy news

• MMK will reach full capacity at the Turkish plant by the end of the year Magnitogorsk Iron and Steel Works (MMK), one of the world's largest steel producers in Russia, said it intends to achieve an annual production capacity of 2–2.2 million tonnes of steel at its Turkish MMK Metallurgy plant. MMK Metallurgy's production is growing every month. The Turkish mill's g... 15.12.2021  12:06

• Results of production of MMC of Ukraine for 11 months of 2021 According to the updated data, in January-November 2021, metallurgical enterprises of Ukraine produced: agglomerate - 30.34 million tons (104.7% compared to January-November 2020); gross coke (6% vol.) - 8.73 million tons (99.0%); pig iron - 19.44 million tons (104.5%); steel - 19.62 million... 15.12.2021  11:53

• Russia is looking for new ways to use palladium The Russian company Nornickel, the world's largest palladium producer, has announced a competition among scientists for new ways to use palladium. Global demand for palladium has slowed recently as carmakers that use the metal as a catalyst to reduce pollution have closed their operations. “We b... 15.12.2021  11:51

• Exports of rolled metal products increased by 80% in Ukraine For 11 months of this year, enterprises of the metallurgical industry of Ukraine increased revenues from the export of ferrous metals by 80.8% compared to the same period last year - up to $ 12.6 billion. According to updated statistics released by the State Customs Service of Ukraine on Friday,... 13.12.2021  11:39

• Mongolian coal exports hit 8-month high in November According to the latest data from the country's customs, in November, the export of all types of coal from Mongolia reached an eight-month high of 1.7 million tons, which is 16.5% more than in the second month in a month, although it is still 45.4% less than last year. The year-on-year... 10.12.2021  11:32

• Fitch Affirms China Steel Corporation's High Rating Fitch Ratings affirmed China Steel Corporation's (CSC) National Long-term Rating at 'AA (twn)' with a Stable Outlook and National Short-term Rating at 'F1 + (twn)'. At the same time, Fitch has affirmed CSC's senior unsecured rating at 'AA (twn)'. The CSC rating is three notches lower than... 10.12.2021  10:50

• US Coil Imports Increase According to final data from the US Department of Commerce (USDOC), the US imported about 126,900 tons of steel coils in October, up 4.1% from the previous month and 281.6% from the same month a year ago. ... Among them, imports from Canada accounted for the largest share, amounting to... 09.12.2021  11:09

• UK Metals Says Electricity Prices Are A Barrier To Decarbonization Electricity prices are stopping UK steel production from decarbonising. A new report from trade association UK Steel says current electricity prices are a hindrance to decarbonisation strategies. The analysis shows that steel producers in the UK have to pay almost 61% more for electricity... 09.12.2021  11:07

• Indian JSPL steel production up 10% in November Steel production by India's private company Jindal Steel and Power (JSPL) in November rose 10% year-over-year, while sales fell due to the continued lack of rail rakes. Steel production in November was 674,000 tons, while sales fell 5% to 539,000 tons. Exports accounted for about 15% of total... 09.12.2021  11:04

• In January-October, the export of stainless steel from Russia fell According to statistics from the Russian Association of Consumers and Suppliers of Specialty Steel and Alloys (USSA), stainless steel exports from Russia in the first ten months of this year amounted to about 10,200 tons, which is 7% less than in the same period last year. In October alone, prices... 08.12.2021  12:03