Metallurgy news

• Global stainless steel sector expects contraction in 2022 and recovery in 2023 According to the International Nickel Research Group (INSG), global nickel production is expected to increase from 2.61 Mt in 2021 to 3.04 Mt in 2022 and 3.39 Mt in 2023. Nickel consumption is expected to increase from 2.77 Mt in 2021 to 2.89 Mt. million tons this year and 3.22 million tons next... 24.10.2022  13:14

• Shagang to become China's second largest steelmaker Shagang Group (Shagang), China's third-largest steelmaker (and arguably the runner-up) in terms of crude steel output, advanced its mergers and acquisitions (M&A) strategy by acquiring a 60% stake in Nanjing Iron & Steel United Co. (Nangang) of Chinese conglomerate Fosun International, according to... 21.10.2022  10:11

• WSA: global steel demand could fall 2% in 2022 and rise 1% in 23 During 2022, global steel demand is likely to fall by 2.3% yoy to almost 1.8 billion tons, and in 2023 there may be a growth of 1% yoy, with the volume reaching 1.81 billion tons , according to World Steel. The Association (WSA) predicted in its latest short-term forecast for 2022 and 2023 on... 21.10.2022  09:56

• Steel production in Vietnam increased in September Vietnam's finished steel production stood at 2.44 million tonnes in September, up 23.41% mom and 1.7% year on year, according to the Vietnam Steel Association (VSA). At the same time, sales of steel products amounted to 1.99 million tons, which, on a monthly basis and on an annualized basis,... 20.10.2022  10:37

• China named world's largest consumer of scrap metal During the meeting of BIR Iron and Steel on October 17 in Dubai, Rolf Willeke, BIR Statistics Adviser on Iron and Steel, shared statistics on the global trade in ferrous scrap for the first half of 2022. Willeke said that in all key countries and regions, the use of scrap steel and the... 20.10.2022  10:28

• Belarusian BMZ plans to supply seamless steel pipes to Russia The Belarusian Metallurgical Plant (BMZ) planned to supply a batch of steel seamless pipes worth 600 million rubles in 2023 to Bashkortostan, and the goods will be delivered to an oil equipment manufacturer. From January to September, BMZ delivered $6.8 million worth of steel products to the... 20.10.2022  10:19

• Construction steel prices in China fell due to fundamental factors Structural steel prices in China have been declining since the country's National Day celebrations (October 1-7), mainly as demand lacked significant growth momentum and cost support from raw materials weakened. In addition, market sentiment was dampened by the resurgence of COVID-19 cases across... 19.10.2022  12:08

• Tata Steel intends to withdraw from the UK steel market Tata Sons, a subsidiary of Tata Steel, may leave the UK steel industry due to the inability to obtain financial support from the UK government. Tata Sons said it plans to provide financial support for the replacement of blast furnaces with electric arc furnaces at its Port Talbot plant. However,... 19.10.2022  12:06

• US sanctions against Russian aluminum will affect the global market The US government is considering a ban on aluminum imports to Russia, which has caused concern in the global market, as Russia, the world's second largest aluminum producer, supplies aluminum, which accounts for about 6% of the world's production, which is about 70%. million tons. The three... 18.10.2022  11:37

• Ferrexpo suspends production due to damage to Ukraine's energy infrastructure Ferrexpo, a Ukrainian iron ore producer, said it had suspended production at its iron ore pellet plant in central Ukraine after a Russian missile attack damaged the country's energy infrastructure and no employees were injured in the attack. In the energy supply of Ukraine, priority was given to... 18.10.2022  11:33