Metallurgy news

• China's addiction to imported semi-finished products is cooling China's imports of semi-finished steel products have recently declined due to the recent sharp drop in domestic steel prices amid sluggish domestic demand. Q235 150mm square billet price in Tangshan, North China has been steadily declining by a total of RMB 430 per tonne ($ 67.2 per tonne) from... 29.10.2021  10:00

• Poland received a fine from the EU, this time a million euros a day Another million euros is now added to the daily penalty of half a million euros for not stopping production at the Turuv mine near the border with the Czech Republic. The Turuv brown coal mine and the power plant of the same name are owned by PGE Górnictwo and Energetyka Konwencjonalna. The ... 28.10.2021  12:17

• Rod mills are a popular product range of NKMZ In the division of mining and forging and pressing equipment of NKMZ, the manufacture of a rod mill with a central unloading MSC 3600x4500, intended for grinding iron ore, has been completed. Mills of this type are installed in the first stage of grinding and are the first to receive the largest... 27.10.2021  13:48

• Critical magnesium deficiency in Europe threatens steel production European industry officials have warned that the EU must take action and ensure a stable supply of magnesium, as magnesium reserves will be depleted by the end of November, jeopardizing the production of various industries, including the steel industry. The global annual demand for magnesium is... 27.10.2021  12:20

• World steel production in September 2021 World crude steel production for 64 countries reporting to the World Steel Association (worldsteel) was 144.4 million tonnes in September 2021, down 8.9% from September 2020. Steel production by region Africa produced 1.4 Mt in September 2021, up 51.0% over September 2020. Asia and Oceania... 27.10.2021  11:28

• POSCO Reports Highest Quarterly Profit for Q3 South Korean steelmaker POSCO reported the highest quarterly operating profit in the third quarter, as steel prices rose on lower shipments from China. POSCO, the world's sixth largest steelmaker, said Monday that its consolidated operating income for the July-September quarter was 3.1 trillion... 26.10.2021  10:36

• JSPL Highlights Negative Impact of Further Rising Steel Prices Jindal Steel and Power Limited (JSPL) says that further increases in global steel prices will make it unaffordable for customers, which in turn could have serious negative consequences for the entire sector. Sharma, JSPL's managing director, said the company does not expect steel prices to rise... 25.10.2021  11:45

• US steel mills operate at 85.3% of production capacity The weekly crude steel production data released by the American Steel and Steel Institute (AISI) showed a significant increase in production for the week ending October 16, 2021. Weekly production grew by a significant 21.5% over the previous one. year. US crude steel production was 1.882... 25.10.2021  11:04

• thyssenkrupp achieves climate neutrality 20 years ahead of schedule The main goal of sustainable development will be achieved by the company 20 years ahead of schedule. thyssenkrupp Materials Services reaffirms its own sustainability ambition and significantly expands its climate protection targets: the company will be climate neutral globally by 2030 - roughly 20... 24.10.2021  10:42

• Production and consumption of rolled metal in Ukraine for 9 months 2021 In January-September 2021, Ukrainian metallurgical enterprises produced 14,490,000 tons of rolled metal (105.6% compared to the same period in 2020), of which about 11,490,000 tons, or 79.3%, were exported. In the same period in 2020, the share of exports was about 82.5% (11,310,000 tons with a... 23.10.2021  14:15