Metallurgy news

• Vale agrees to build a pellet plant in Saudi Arabia Saudi Arabia's National Industrial Development Center (NIDC) has signed a MoU with Vale to set up a 4 million tpa high quality iron ore pellet plant in the industrial city of Ras Al Khair. The site on the east coast of the kingdom will also have a logistics center. The investment is in line with... 01.11.2022  10:06

• ArcelorMittal tests CCUS technology in Europe and the USA ArcelorMittal is teaming up with Mitsubishi Heavy Industries Engineering (MHIENG), BHP and Mitsubishi Development to develop Carbon Capture, Utilization and Storage (CCUS) technology in Europe and the US. The companies will first conduct large-scale, multi-year trials of the MHIENG system at... 31.10.2022  11:07

• EU retains duties on cold-rolled flat products from China and Russia According to the results of the expiration review published in the Official Journal of the European Union on October 27, 2022, the EU has decided to continue imposing final anti-dumping duties (AD) on imports of certain cold-rolled flat steel products originating in China and Russia at duty rates... 31.10.2022  10:51

• H2 Green Steel to build new steel plant in Northern Sweden H2 Green Steel has received €3.5 billion in financial support from European financial institutions. The support will be used to build a new hydrogen-powered steel plant in Northern Sweden. H2 Green Steel said the financial backing not only highlights its business case and debt-bearing capacity, b... 27.10.2022  13:33

• Global steel production up in September thanks to China Worldwide steel production increased month-on-month for the second month by another 1.4%, based on WSA data. As for China, its steel production in September rose 17.6% year on year to 87 million tons, compared with a growth of just 0.5% year on year in the previous month. Meanwhile, according to... 27.10.2022  13:27

• Kazakhstan plans to build a new plant to reduce dependence on imports Steelmaker QazSpecSteel LLC will invest $587 million in a new plant that will help reduce Kazakhstan's dependence on foreign billet and rebar, according to a Kazakh government announcement. The new plant is estimated to have an annual capacity of 800,000 tons of steel billets and provide 1,500... 26.10.2022  11:52

• Thyssenkrupp to supply environmentally friendly steel to Waelzholz GmbH Thyssenkrupp, a German steelmaker, has announced that it will sign a Memorandum of Understanding (MoU) with Waelzholz GmbH to provide Waelzholz with bluemint® environmentally friendly steel from 2023 . From 2030, Waelzholz will increase the purchase of CO2-reduce steel step by step. The steel ... 26.10.2022  11:50

• Global Crude Steel Production Up In September YoY According to the World Steel Association (worldsteel), in September, global production of crude steel increased by 3.7% year on year and amounted to about 152 million tons. Among them, Asian crude steel production was about 113 million tons, up 10.6% year on year. At the same time, production... 26.10.2022  11:49

• Nucor's New Steel Sheet Plant in Kentucky to Launch First Production by the End of 2022 Nucor CEO Leon Topalian announced that a 1.2 million short tons (st)/yr electric arc furnace and a ladle smelter furnace have been commissioned in Brandenburg, Kentucky in Brandenburg, Kentucky. The plant was expected to produce the first sheet by the end of the year. The company said... 25.10.2022  10:06

• Ferrous scrap prices in Italy under increased pressure Domestic ferrous scrap prices in Italy could fall in the coming months as support from the country's energy crisis bailout package could be wiped out by a significant decline in steel demand. In early October, the financial authorities approved the details of a support package for... 25.10.2022  10:00