Metallurgy news

• Liberty Dunaferr restarts rolling mills Liberty Dunaújváros (Dunaferr) rolling mills, including a hot-dip galvanizing line, have completed their first customer-specific campaign in January. They are "ready" for their next campaign later this month, the spokesperson adds. The firm declined to comment on whether the relaunch was d... 11.01.2024  12:31

• Iron ore price falls Iron ore prices fell for a third straight session on Monday to hit their lowest level in a week as some investors unwinded long positions to lock in profits amid weakening demand and steel margins. Top-traded iron ore for May delivery on China's Dalian Commodity Exchange (DCE) ended the day down... 08.01.2024  14:51

• India to exempt some imported steel products from quality control requirements India may exempt some imported steel products from quality control requirements to meet domestic demand and curb prices, broadcaster ET Now reported on Thursday, citing sources. Products could include aerospace steel and high-speed tool steel, among others, the broadcaster said. India only... 05.01.2024  15:23

• Costs at German factories will remain high until spring 2024 German steelmakers' production costs reached critical levels in the fourth quarter and will not fall for another couple of months, says Andreas Schneider of Stahlmarkt Consult. He estimates oxygen plant costs rose by €80/t ($88) from July to October and have remained constant since then. He a... 05.01.2024  14:52

• Biden officially extends EU tariff breaks until 2025 US President Joe Biden has extended the suspension of tariffs on steel and aluminum smelted and cast in EU member states until December 31, 2025. According to the President's plan, outlined in full on the White House website, EU steel and aluminum products would be subject to a "tariff rate quota... 02.01.2024  16:03

• Steel consumption in the Czech Republic fell to a ten-year low Apparent steel consumption in the Czech Republic fell to a ten-year low in the third quarter of 1.37 million tonnes, bringing nine-month consumption down 700,000 tonnes year on year to 4.4 million tonnes, Czech-Slovak steel association Steel Union said. Steel production over the nine months fell... 29.12.2023  13:44

• NLMK increased the productivity of its coil galvanizing line in France NLMK France is investing in process control at its 400,000 tpa galvanizing line in Strasbourg to improve productivity and prevent human errors. The manufacturer installed a predictive furnace control system developed by French equipment manufacturer Fives called VirtuoTM. According to Fives, the... 29.12.2023  13:39

• Steel production forecast in Japan in January-March will increase by 1.7% Japan's steel production is forecast to rise 1.7% year on year in the first three months of 2024 due to healthy demand from automakers, the Ministry of Economy, Trade and Industry (METI) said on Tuesday. That would bring the world's third-largest steelmaker's annual output for the fiscal year... 27.12.2023  12:20

• Death toll in steel plant fire in Indonesia rises to 18 The death toll from a fire at an Indonesian nickel plant rose to 18 as of Tuesday from 13 on Sunday, local police said, while operations at the plant remained suspended as authorities investigated the cause of the incident. A fire broke out early Sunday morning at a nickel smelting furnace on... 27.12.2023  12:17

• Nippon Steel Buys US Steel: Japan-US Relations Stronger Than Ever Japanese Industry Minister Ken Saito said U.S.-Japan ties are "stronger than ever," although he declined to comment directly on the growing attention in the United States on Nippon Steel's proposed deal to buy U.S. Steel. Speaking at a news conference, Saito said he was aware of a statement from... 26.12.2023  14:52