Metallurgy news

• ArcelorMittal Spain resumes ACB operations for one order ArcelorMittal says it is temporarily reopening its Acería Compacta de Bizkaia (ACB) plant in Sestao, northern Spain. Production will resume from February 11 to February 17 for one order. The plant produces hot-rolled, pickled and oiled coil in an electric arc furnace. "We're going to do a short ... 10.02.2023  10:39

• German company Salzgitter establishes low-carbon steel production Salzgitter Flachstahl GmbH, the rolling mill of German steel group Salzgitter AG, has signed a memorandum of understanding with Canada's Baffinland Iron Mines to explore the possibility of using direct-ship ore mined in Canada's Nunavut region in mild steel production. Both sides will choose... 09.02.2023  11:35

• India's Tata Steel reports third-quarter loss due to lower demand India's Tata Steel on Monday reported a quarterly profit loss from a year ago, caused by a sharp drop in global steel prices and lower demand amid fears of a likely slowdown in economic growth. Consolidated losses of the steel plant for the three months to December 31 amounted to 25.02 billion... 08.02.2023  09:34

• Ukrainian plant ArcelorMittal plans to resume production by 50% ArcelorMittal Kryvyi Rih said it plans to resume production capacity at 50%, provided that energy supply and logistics routes through Poland or southern Ukraine to Romania stabilize. The CEO of the company said that she faced the problem of exporting products through the blocked Black Sea ports,... 07.02.2023  12:02

• US amends AD duty rate on Italian long products The U.S. Department of Commerce (USDOC) has amended the final results of an administrative review of an anti-dumping duty order on certain carbon and alloy steel bars from Italy to correct a ministerial error covering the review period from May 1, 2020 to April 30, 2021 d. The weighted average... 06.02.2023  11:22

• The implementation of Norilsk Nickel's projects will be delayed due to the refusal of Western partners to cooperate Norilsk Nickel (Nornickel), a Russian nickel and palladium mining and smelting company, said some of its projects that were scheduled to be completed after 2024 are likely to be delayed by two to three years as its Western partners refused to supply some equipment. After the Russian-Ukrainian... 06.02.2023  11:18

• US Steel Košice resumes operation of Blast Furnace No. 2 US Steel Košice, based in Kosice, Slovakia, has restarted its Blast Furnace #2, which was out of service last September. Blast Furnace #1 was idle in early December due to low demand for steel and resumed operation earlier this month. Blast furnace No. 3 is kept in working order. After the ... 06.02.2023  11:17

• British Steel may close coke ovens to cut carbon bills Scunthorpe-based steelmaker British Steel intends to close its coke ovens to reduce the amount of carbon credits it must purchase. The producer may close facilities as early as June, after which it will import marketable coke, eliminating the need to buy allowances for its coke-chemical... 02.02.2023  09:35

• Australia advocates for Green Corridor H2 with the Netherlands Australia signed a memorandum of understanding with the Netherlands to support the development of a green hydrogen supply chain from Australia to Europe. An agreement announced Wednesday lays the groundwork for an export corridor from Australia to the port of Rotterdam, complementing work... 02.02.2023  09:32

• Vietnamese Hoa Phat Raises HRC Prices Slightly Hoa Phat Group has raised domestic prices for its new shipments of hot rolled coil by about $55 per ton. The price of SAE1006 or SS400 hot rolled steel that has not been surface treated is set at the equivalent of approximately US$650/t (VND15,300/kg) in Hai Phong and US$652/t in Ho Chi Minh City... 02.02.2023  09:30