Metallurgy news

• Steel exports from Turkey to the Baltic countries increased due to EU sanctions against Russia The Turkish Steel Exporters Association (CIB) indicated that due to EU sanctions against Russia, steel exports from Turkey to the Baltic countries have increased. In the first nine months of this year, Turkish steel exports to Estonia and Latvia increased 4.9 times and 30% year-on-year to around... 02.11.2022  10:11

• China may be the only country accepting Russian metal Recently, Russia may face the problem of banning many Western countries from buying Russian metal. However, China could play an important role in buying Russian metals on the London Metal Exchange (LME), especially copper, nickel and aluminium. China expected to buy Russian metal at lower prices... 02.11.2022  10:07

• Ukrainian Metinvest operates at 30-50% capacity Due to disruptions in the supply chain caused by the war, Ukrainian Metinvest is operating at 30-50% of pre-war capacity. Production capacity could return to pre-war levels within six months or a year if the war ends. Yuriy Ryzhenkov, CEO of Metinvest, said it was hard to work during the war... 01.11.2022  10:33

• Indonesia plans to introduce an export duty on nickel pig iron The Indonesian government planned to adopt a nickel export tax policy in the third quarter of this year, but it has yet to be implemented. However, the news surfaced again last week. According to the agreement, the introduction of taxes on nickel pig iron (NPI) and ferronickel is a matter of... 01.11.2022  10:32

• Vale agrees to build a pellet plant in Saudi Arabia Saudi Arabia's National Industrial Development Center (NIDC) has signed a MoU with Vale to set up a 4 million tpa high quality iron ore pellet plant in the industrial city of Ras Al Khair. The site on the east coast of the kingdom will also have a logistics center. The investment is in line with... 01.11.2022  10:06

• ArcelorMittal tests CCUS technology in Europe and the USA ArcelorMittal is teaming up with Mitsubishi Heavy Industries Engineering (MHIENG), BHP and Mitsubishi Development to develop Carbon Capture, Utilization and Storage (CCUS) technology in Europe and the US. The companies will first conduct large-scale, multi-year trials of the MHIENG system at... 31.10.2022  11:07

• EU retains duties on cold-rolled flat products from China and Russia According to the results of the expiration review published in the Official Journal of the European Union on October 27, 2022, the EU has decided to continue imposing final anti-dumping duties (AD) on imports of certain cold-rolled flat steel products originating in China and Russia at duty rates... 31.10.2022  10:51

• H2 Green Steel to build new steel plant in Northern Sweden H2 Green Steel has received €3.5 billion in financial support from European financial institutions. The support will be used to build a new hydrogen-powered steel plant in Northern Sweden. H2 Green Steel said the financial backing not only highlights its business case and debt-bearing capacity, b... 27.10.2022  13:33

• Global steel production up in September thanks to China Worldwide steel production increased month-on-month for the second month by another 1.4%, based on WSA data. As for China, its steel production in September rose 17.6% year on year to 87 million tons, compared with a growth of just 0.5% year on year in the previous month. Meanwhile, according to... 27.10.2022  13:27

• Kazakhstan plans to build a new plant to reduce dependence on imports Steelmaker QazSpecSteel LLC will invest $587 million in a new plant that will help reduce Kazakhstan's dependence on foreign billet and rebar, according to a Kazakh government announcement. The new plant is estimated to have an annual capacity of 800,000 tons of steel billets and provide 1,500... 26.10.2022  11:52