Metallurgy news

• ArcelorMittal Luxembourg has no plans to close production Roland Bastian, CEO of ArcelorMittal Luxembourg, said the company has no plans to cut or stop production at its Luxembourg plant due to sufficient orders. Due to rising energy prices and weak demand for steel, ArcelorMittal previously temporarily suspended production at two blast furnaces in... 15.09.2022  12:58

• Steel production in Ukraine increased in August According to statistics, pig iron production in Ukraine increased by 20.9% month-on-month to 335,000 tons in August 2022. During this period, the output of finished steel products increased by 17.5% compared to the previous month to 248,000 tons, while steel production reached its maximum. level... 15.09.2022  12:57

• Rail disruptions will affect US steel shipments If US railroads and unions fail to reach an agreement on a new contract by September 16, potential railroad strikes will negatively impact the supply of finished and semi-finished steel, as well as steel raw materials, according to the Steel Manufacturers Association. The association said that... 15.09.2022  12:56

• POSCO factory fire could benefit Chinese exports A fire broke out at POSCO's South Korean stainless steel line #2 and hot rolling mill #2 (carbon steel) in Pohang, North Gyeongsang province, limiting their production. It is likely that this will benefit the export of stainless steel coils from China to South Korea. The cause of the fire at... 14.09.2022  10:57

• Rio Tinto resumes iron ore mining in Western Australia British-Australian Rio Tinto has resumed operations on the rail line that connects the 43 Mtpa Gudai Darri mine to a port in the Pilbara region of Western Australia (Western Australia) after 20 wagons derailed on 3 September. The 10-day fence shutdown will make it harder for Rio Tinto to hit its... 14.09.2022  10:52

• China's daily steel production continues to rise in September Daily crude steel production in China continued to rise during the first ten days of September and averaged 2.86 million tons per day, another 102,100 tons or 3.7% more than at the end of August, Mysteel calculated based on its regular survey. among 247 blast furnaces and 85 blast furnaces.... 14.09.2022  10:45

• Ukraine introduces a ban on the export of coking coal to provide heating in winter The Ministry of Energy of Ukraine reported that Ukraine has decided to impose a ban on the export of coking coal in order to prevent the abuse and manipulation of the quality of coal that can be used to power thermal power plants during the heating season. In June, the Ukrainian government... 13.09.2022  13:04

• Steelmakers see prices falling Indian manufacturers could benefit from opportunities in export markets amid ongoing European energy crisis Working conditions for steel producers deteriorated due to further falling steel prices and higher coking coal prices. The demand situation is still subdued. Domestic hot rolled coil... 13.09.2022  12:36

• Profitability of steel companies will almost double in the second half of the year According to the report, steel producers expect better times in the second half of the current fiscal year, as lower costs and strong domestic demand will ease pressure on their margins and boost their operating margin to more than 25%. The rating agency's report said the industry was hit by... 13.09.2022  11:43

• China Shagang High Carbon Wire Rod Successfully Passed UK CARES Steel Certification Recently, China's Shagang SWRH82B and SWRH77B high carbon wire rod factory passed the UK CARES steel certification and became the first factory to be qualified as a high carbon wire rod manufacturer in China. High carbon wire rod SWRH82B and SWRH77B are generally made of stranded wires, springs... 12.09.2022  08:48