Metallurgy news

• Sluggish demand for steel in Asia will slow the pace of recovery in iron ore prices As the downturn in the Chinese property market and the resumption of the pandemic wipe out hopes for a recovery in demand, iron ore prices in Asia will continue to decline in the fourth quarter as cuts in steel production intensify into the winter season. China's real estate sector was turbulent... 12.10.2022  10:34

• AMKR and Ferrexpo production suffers due to hostilities Ukrainian steelmaker ArcelorMittal Kryvyi Rih (AMKR) has limited electricity consumption of its most energy-intensive equipment and temporarily cut production following new Russian missile strikes against Ukraine, Kallanish reports. “This is important for reducing electricity consumption in K... 12.10.2022  10:27

• Chinese Baosteel left prices unchanged for November Baosteel, a large steel mill in China, announced that prices for most of its products remained unchanged in November, while the price of electro-galvanized coils increased by 100-200 yuan per ton. According to market analysis, the fourth quarter is the traditional peak season for home appliance... 12.10.2022  10:05

• India's Tata Steel boosts coal purchases from Australia and North America Chinese steel prices are likely to recover in October as market fundamentals improve and macroeconomic support policies come into effect, Wang Jianhua, chief analyst at Mysteel, predicted in his monthly forecast. But pessimism still haunts the market, he acknowledged. As of September 26, the... 11.10.2022  10:26

• Steel prices expected to rise in China in October Chinese steel prices are likely to recover in October as market fundamentals improve and macroeconomic support policies come into effect, Wang Jianhua, chief analyst at Mysteel, predicted in his monthly forecast. But pessimism still haunts the market, he acknowledged. As of September 26, the... 11.10.2022  10:20

• Explosive energy prices threaten Europe's climate neutrality Soaring electricity and gas prices in Europe pose serious challenges for steel processing and jeopardize the ambitious goals of climate neutrality and the circular economy in Germany and at the EU level, reports Callanisch of the German Federation of Steel Recyclers BDSV. “Like many other c... 11.10.2022  10:16

• Vietnamese company Hoa Phat Group plans to open a factory for the production of household appliances According to the report, Vietnamese steelmaker Hoa Phat Steel began operating its Hoa Phat home appliance plant in Hanam province at the end of September with an annual production capacity of 1 million tons. The company established a home appliance manufacturer in the fourth quarter of last year... 10.10.2022  11:28

• EU imposes sanctions against Russian steel semi-finished products According to the report, the European Commission (EC) has increased the sanctions of the European Union (EU) against Russian semi-finished products. However, there is a transitional period for the import of semi-finished steel billets until October 1, 2024 with temporary exemptions, small billets... 10.10.2022  11:25

• China's steel market expects growth after National Day holiday Recently, domestic prices for main types of steel in China have fluctuated upwards. From a supply perspective, the cost was high and steel prices were rising. Steel mills' profits also increased. Many steelmakers have resumed production. The supply will grow in the short term. As many projects... 07.10.2022  11:58

• Indian Tata Steel starts work at NINL plant in Odisha Indian private producer Tata Steel has restarted a blast furnace at its 1mtpa Neelachal Ispat Nigam (NINL) facility in Kalinganagar, Odisha, the company said Oct. 3. On July 4, the steelmaker completed the acquisition of NINL through its subsidiary, Tata Steel Long Products, and plans to expand... 07.10.2022  11:53