Metallurgy news

• Liberty Steel faces financial issues The UK-based GFG Alliance, which includes steel makers Liberty Steel and InfraBuild and aluminum producer Alvance in its portfolio, has been cut off by its main financial unit and is reportedly struggling to find a replacement. UK media outlets, including the BBC, reported that London-based... 04.03.2021  09:31

• US finished steel imports projected to decline in 2021 The American Iron and Steel Institute (AISI) predicts a significant reduction in the country's finished steel imports this year. The estimates provided by the association are based on import trends during the initial monthly period of the year. The country is likely to see a 7.9% decline in... 03.03.2021  09:56

• Japanese steelmaker takes action to decarbonize production Nippon Steel Corp, a leading manufacturer in Japan, is shifting its focus to metal recycling as ambitious zero-emission targets intensify the race to develop cleaner steel. Nippon Steel's executive vice president Katsuhiro Miyamoto said in an interview on Friday that decarbonization measures are... 03.03.2021  09:50

• 2020 China Steel Production Completed at 1.065 Billion Tonnes China's National Bureau of Statistics (NBS) updated the country's crude steel production for 2020 to 1.065 billion tonnes from a preliminary 1.05 billion tonnes, and the annual growth was thus revised to 7% from an initial 5.2%. according to the latest NBS release, including all updates regarding... 03.03.2021  09:32

• Ukraine in the world ranking of metallurgical production for January 2021 According to the World Steel Organization Worldsteel, in January 2021 metallurgical enterprises of the countries of the world produced 119.960 million tons of pig iron, of which 112.14 million tons were produced by the blast furnace method and 7.82 million tons by the direct reduction method. This... 02.03.2021  09:35

• American manufacturers are grappling with steel shortages and rising prices Steel prices in the United States are 68% above world market prices and nearly double that of China, even as prices in both China and Europe have risen more than 80% from the low prices caused by the pandemic. Steel Dynamics said it couldn't get enough flat sheets even for its own internal... 01.03.2021  12:14

• Luma Automation plans expansion in Hungary Luma Automation Capital Group has successfully completed the acquisition of Iron-Tech Zrt. from Szigetváru, one of the leaders in the Hungarian market for the production of precision metal products intended primarily for the automotive and railway industries. The company also supplies building ... 01.03.2021  11:54

• Strange market situation: in Asia steel is more expensive than in Europe Currently, orders for rolled metal products for the production of household appliances date back to the beginning of 2022. The European Union has a huge demand for metal products, and the supply is limited due to the shutdown of the furnaces, and at the same time, a strange situation in which there... 26.02.2021  10:52

• India became a net steel importer for the first time in the current financial period In the latest press release from the Ministry of Steel of India, it is noted that in January 2021, the country became a net importer of steel for the first time in the current financial year. For the first nine months, the country remained a net exporter. The net trade deficit was 0.06 million... 26.02.2021  10:50

• Reducing discounts on steel exports from China As China's foreign steel trade rises steadily after the Chinese New Year lull, while international steel prices continue to climb, speculation about a possible cut in China's steel export tax breaks has intensified both in China and beyond. Speculation that China might renegotiate tax breaks on... 26.02.2021  10:28