Metallurgy news

• 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

• Britain's largest steelworks in Port Talbot faces 3,000 job cuts Britain's largest steelworks at Port Talbot faces 3,000 job cuts under plans being considered by owner Tata. Unions have united in the fight to prevent job cuts following the company's announcement. There is a deep split between Community and GMB on one side and Unite on the other, which has... 19.12.2023  12:32

• Metinvest and Danieli plan to commission a steel plant in Italy in 2027 Metinvest and equipment manufacturer Danieli intend to commission Metinvest's advanced hot strip mill in Piombino, Tuscany, by 2027, Tuscany President Eugenio Giani said after a meeting in Florence earlier this week with Metinvest-Trametal and Danieli management. The companies took part in two... 12.12.2023  14:28

• European slab manufacturers insist on raising prices European steel producers sought higher plate prices in the week to December 8, although demand remained weak. While projects are showing healthy demand for flat products, large distributors are avoiding purchasing larger tonnages as they already restocked inventories when flat prices declined in... 12.12.2023  14:24

• Norway supports deep-sea mining in the Arctic Ocean Norway has secured a parliamentary majority for plans to open the Arctic Ocean to seabed mineral exploration, despite warnings from environmental groups and the fishing industry that the move would threaten the biodiversity of vulnerable ecosystems. The country's minority centre-left government... 06.12.2023  13:20