Metallurgy news

• Chinese steelmakers expect poor results in Q4 2021 Coal shortages and tighter environmental controls have driven up production costs and indebted property. China Steel Corp, the country's largest steelmaker, said yesterday it would raise steel prices by an average of 2.44% for next month's shipments as local consumers accelerate stockpiling amid... 21.02.2022  09:44

• Russian-Ukrainian crisis will affect the import of finished steel to Pakistan Tensions between Russia and Ukraine could lead to higher prices for imported finished steel in Pakistan, some sources in the Asian country fear. The crisis is likely to cause a rise in prices for steel raw materials and finished products, energy carriers and semiconductor chips. “In the short t... 21.02.2022  09:40

• US stainless steel prices rise on shortage risk According to the US market, the price of stainless steel in the US consistently showed strong performance last week. Based on some market sentiment, the current supply of nickel and scrap has been limited, which has been the main reason for the long-term high prices for stainless steel in the... 18.02.2022  12:04

• Belarusian BMZ signed contracts for the export of steel worth more than $100 million According to the report, the Belarusian Metallurgical Plant Belarusian Metallurgical Plant (BMZ) announced the signing of several contracts for the export of steel worth more than 100 million US dollars. BMZ specializes in the production of round steel, fittings, wire rod and seamless steel... 18.02.2022  12:01

• US focuses on steel and aluminum for clean industry The US will take steps to support domestic production and purchases of low-carbon steel and aluminum as part of a series of new initiatives to strengthen US leadership in cleaner production, the White House said Feb. 15. . "The Biden-Harris administration is announcing new actions across all... 17.02.2022  10:22

• ArcelorMittal invests in decarbonisation plan for Canadian Dofasco plant ArcelorMittal said it will install a new direct reduced iron plant with an annual production capacity of 2.5 million tons and an electric steel furnace with an annual production capacity of 2.4 million tons at the Dofasco plant in Hamilton, Ontario. The introduction of these new technologies and... 17.02.2022  10:15

• Metinvest to invest $1.2 billion in Ukraine in 2022 Metinvest Group plans to invest more than $1.2 billion in the modernization of its enterprises in 2022. This is 18% more capital investments of the previous year. In 2022, the group will continue the environmental modernization of its enterprises. One of the main projects is the reconstruction... 17.02.2022  10:07

• Iron trade remains hot despite absence of US and China Global iron seller sentiment continued to strengthen over the past week, with new sales ending at higher levels amid increased demand. . One buyer from Italy, influenced by rapidly declining port stocks and low availability of spot supplies in the CIS, accepted higher bids and ordered a large... 15.02.2022  11:50

• Rebar production in China falls to 2-year low Most of the mini-factories ceased operations as early as the Chinese New Year (CNY) holiday (January 31 to February 6) and their production had not yet recovered during the study week. In contrast, while many integrated factories operated normally during the yuan break, production among many in... 15.02.2022  10:50

• Ecolant starts construction of a direct reduction electric arc furnace steel plant Ecolant, owned by OMK owner Anatoly Sedykh, a Russian manufacturer of steel pipes and railroad wheels, told S&P Global Platts that it has laid the groundwork for the construction of a 1.8 million tonne-per-year direct reduction electric steel plant in Vyksa at a cost of RUB 150 billion (2 billion... 14.02.2022  12:33