Metallurgy news

• Ukrainian metallurgists ask to extend the export duty for scrap metal Ukrainian producers of rolled metal have applied to the Verkhovna Rada with a request to extend the duty on the export of scrap metal for another 5 years. Otherwise, enterprises forecast a shortage of steelmaking raw materials on the domestic market of Ukraine. Today, the country applies a duty... 24.02.2021  10:34

• Global steel production will grow by an average of 32% until 2025 Growth in global iron ore production will accelerate in the coming years, ending the stagnation that has persisted since iron ore prices hit their lowest decade average of $ 55 per tonne in 2015, a market analyst at Fitch Solutions predicts in his latest industry report. Fitch forecasts global... 24.02.2021  10:23

• US issues anti-dumping ruling on Japanese HRC imports In accordance with the preliminary ruling imposing anti-dumping duties on hot-rolled flat products from Japan, Japanese manufacturers and exporters of the products in question sold their products on the US market at prices below fair value during the reporting period. from October 1, 2018 to... 23.02.2021  11:57

• Liberty Steel to build hydrogen-based steel plant in France UK-based Liberty Steel Group, part of the GFG Alliance, has announced plans to build a new hydrogen-based steel plant in France. The country's first steel plant of its kind will be built in partnership with two European companies with which Liberty Steel has already signed a Memorandum of... 23.02.2021  11:35

• MMK sold over 7.4 million tonnes of rolled metal on the domestic market in 2020 Magnitogorsk Iron and Steel Works: in 2020 MMK sold over 7.4 million tonnes of metal products to the Russian market Despite the difficulties associated with the coronavirus pandemic, the Magnitogorsk Iron and Steel Works (MMK) sold 7.43 million tonnes of metal products to the Russian market last... 23.02.2021  09:48

• Steel prices in the EU - peak or plateau? The rapid rise in European steel prices came to a halt in early February as buyers received the latest news on the development of the scrap market in Turkey. The approaching Chinese New Year has reduced activity in the Far East. European participants in the supply chain are now pondering the... 22.02.2021  13:03

• China's Steel Mills Jump 46% During Holidays According to the latest weekly survey, inventories of five key finished steel products produced by 184 Chinese steel mills as part of a regular survey by Mysteel surged 46.1% from Feb 4-17. Inventories rose as end-user consumption remained unchanged during Chinese New Year (CNY) February 11-17,... 22.02.2021  12:07

• Turkish assets MMK set a new record for the production of hot-dip galvanized products In January 2021, the hot-dip galvanizing line at the MMK Metalurji plant in Dortiol (Turkey) produced 42,316 tons of products, which is an absolute record for any division of the MMK Group. Only two hot-dip galvanizing lines at MMK's Turkish sites in Dortiola and Dilovashi produced 78,613 tonnes of... 19.02.2021  12:15

• Carbon neutrality puts a heavy burden on POSCO The POSCO cost of replacing one blast furnace with a carbon-free one by 2050 is estimated at approximately six trillion won. The company currently operates nine blast furnaces and has an estimated total replacement cost equivalent to its 30-year operating profit. The South Korean government... 19.02.2021  12:02

• China's Baowu Steel acquires Kunming Steel and targets Shandong Steel The world's largest steel producer Baowu Steel of China, with a capacity of 115 million tonnes of steel per year, has signed an agreement with the Yunnan provincial government to donate 90% of its shares in Kunming Steel. The production capacity of Kuming Steel is 10 million tons per year, in... 19.02.2021  11:51