Metallurgy news

• The war in Ukraine will cost Duferco $ 20-25 million Bruno Bolfo, president of the holding company that controls steelmaker Duferco, says the war in Ukraine will have a significant impact on the steel business. The executive notes that Duferco is reorganizing, taking into account that business with Russia is no longer possible, and supplies from... 19.05.2022  13:08

• Metinvest in the first quarter sharply reduced the production of key types of metal products The largest Ukrainian mining and metallurgical holding Metinvest B.V. (Metinvest) in the first quarter of 2022 reduced steel production by 8% compared to the same period last year, and by 25% compared to the previous quarter - to 1.962 million tons, reduced pig iron production by 15% and 31%, to... 15.05.2022  08:54

• Green Steel Demands Halving Hydrogen Prices A study by Hydrogen Europe has calculated that the cost of delivering hydrogen in Europe should be below 3 EUR/kg for green steel projects using hydrogen to break even. According to a report seen by Callanish, hydrogen prices in Europe are now around 5.3 euros/kg. Hydrogen Europe believes... 13.05.2022  10:44

• Toyota to stop production lines at 8 plants Toyota Motor Corp. announced on May 10 that it would be suspending 14 production lines at 8 plants in Japan from May 16 to May 21 as a long COVID-19 lockdown in Shanghai made it difficult to procure components. Stopping production will cut production by about 30,000 units. The longest pause,... 12.05.2022  10:07

• US President Biden may lift some tariffs on Chinese imports US President Joe Biden said the White House is reviewing the sanctions imposed by former President Donald Trump. These measures have driven up the price of everything from diapers to clothes to furniture. Therefore, he could eliminate some of the tariffs levied on goods imported from China.... 12.05.2022  10:04

• EU to set final duties on steel imports from Turkey and Russia The European Commission (EC) plans to impose final anti-dumping duties on European Union imports of hot-dip galvanized steel coils from Russia and Turkey following an investigation into alleged dumping, according to a May 10 Commission document circulated to interested parties. . The Commission... 12.05.2022  10:00

• Flat steel imports to Turkey up in Q1 According to the Turkish Statistical Institute (TUIK), in the first three months of this year, Turkey imported a total of about 2.11 million tons of flat steel products, up 5.5% over the same period last year. Among them, imports in March alone amounted to almost 607,000 tons, down 27%... 11.05.2022  10:44

• UK imposes sanctions against Russian steelmaker Evraz The UK government has imposed sanctions on the Russian company Evraz. This is stated in the message of the Ministry of Foreign Affairs of the United Kingdom. According to the British Foreign Office, the company operates in the steel and mining industries and is of strategic importance for the... 11.05.2022  10:41

• Another zinc production plant may appear in Russia In February 2020, Polymet Engineering launched a project to build a zinc plant in Verkhny Ufaley, Chelyabinsk Region. The launch of a zinc plant with a capacity of 120 thousand tons of metallic zinc is scheduled for October 2023. It remains to be hoped that the situation in the world will not... 11.05.2022  10:36

• Stainless steel prices rise amid nickel price trend The current low levels of stainless steel inventories both within China and abroad have provided strong support for stainless steel prices, while flat supply and demand have not contributed to the rise in nickel prices. Stainless steel prices in Shanghai yesterday (May 9) rose against the trend... 11.05.2022  10:34