Metallurgy news

• Heavy rain in Texas delays the launch of the Synton plant Planned ramp-up at Steel Dynamics Inc (SDI) plant in Sinton, TX is $ 1.9 billion. Flat products have been postponed due to severe flooding in the state SDI detailed the delay in its second quarter income statement. “Due to heavy torrential rains in Texas, actual steel production will be d... 22.07.2021  15:00

• Europe expects steel prices to decline as large exporters run out of quotas The European steel market is grappling with cheaper Indian hot rolled coil flows, with the July-September quota balance of 169,717 tonnes already exhausted and material that was once in the port is now being distributed to buyers, according to data from the European Commission from July... 21.07.2021  10:47

• Iron ore price rises due to disappointing performance of leading producers Iron ore prices rose on Tuesday amid disappointing data from the world's largest producers. Vale produced 75.7 million tonnes in the second quarter, up from an average analyst estimate of 78 million tonnes. The company maintained its annual forecast of 315 million to 335 million tonnes and... 21.07.2021  10:37

• Exports of scrap metal from Russia increased in May According to Russian customs statistics, the export of scrap ferrous metals from Russia in May amounted to about 325,000 tons, an increase of 7.4% over the previous month and an increase of 4.3% over the same month last year. Exports grew for two months in a row. Strong demand and prices offset the... 21.07.2021  10:31

• Blast furnaces utilization in China increased to 88.55% Blast furnace utilization rates among 247 steel mills in China, according to a regular survey by Mysteel, rose during the second week of July 9-15, increasing another 2.55 percentage points in a week to 88.55%, as some steel mills in Northern and East China increased. after steel profitability... 20.07.2021  11:20

• EU steel market calculates flood damage Today, the hot rolled coil (HRC) market in northwest Europe is recovering from devastating flooding, especially in the Hagen region in western Germany. Hagen in North Rhine-Westphalia has been badly damaged and is home to some of Germany's largest cold-rolling road rollers as well as other... 20.07.2021  11:13

• EVRAZ North America builds a plant in Puebla EVRAZ North America announced the start of construction of a new railway products plant in Pueblo. The $ 500 million investment project is expected to be completed in late 2022 or early 2023. The proposed facility is a state-of-the-art railway production facility, the construction of which is... 20.07.2021  10:31

• Vietnamese Formosa postpones increase in prices for rolled metal products As the price of steel in China has recently risen, the Chinese company Baosteel announced that its hot rolled coil (HRC) price will remain unchanged for August. According to the previous chart, Vietnamese Formosa Ha Tinh Steel Corporation (FHS) will announce the price for September yesterday... 19.07.2021  12:22

• New 3D printer at the Cherepovets Metallurgical Plant PJSC Severstal launched a new 3D printer at the Cherepovets Metallurgical Plant (CherMK). The unit will produce parts from metal powder. The equipment is intended for the production of lightweight topologically optimized parts for CherMK units: nozzles, plungers and nozzles. With the help of the... 19.07.2021  12:13

• Ferrexpo launched a solar power plant Ferrexpo has launched a pilot project to install solar panels and obtain solar energy. The complex capacity is 5 MW. The project used nearly 10,000 solar panels from Jinko Solar, one of the world leaders in the production of this equipment. Solar panels are installed on the dumps of the quarries... 19.07.2021  12:08