Metallurgy news

• EDB provides financing to SSGPO of Kazakhstan The Eurasian Development Bank (EDB) has provided Kazakh iron ore miner Sokolov-Sarybai Mining and Production Association (SSGPO), a member of the Eurasian Group (ERG), with US$55 million in financing to develop the production of SSGPO export goods. EDB has been cooperating with ERG for a long... 29.08.2022  10:34

• EUROFER: Dim prospects for EU steel industry this year The European Steel Association (EUROFER) indicated that the performance of the EU steel industry in the first quarter of 2022 slowed compared to 2021, predicting a bleak outlook for European steel markets this year. The outlook for steel demand remains highly uncertain due to the ongoing energy... 29.08.2022  10:32

• Brazil initiates investigation into imports of seamless steel pipes from China and Romania According to a statement from the Brazilian Secretariat of Foreign Trade (SECEX) dated August 22, 2022, Brazil initiated the fourth review of anti-dumping duties (AD) on imports of carbon steel seamless steel pipeline pipes from China and Romania based on an application filed by local steel pipe... 29.08.2022  10:28

• Daily steel production in China increased In mid-August, daily crude steel production at China's key smelters was about 2 million tons, up 2.72% from early August. At the same time, the daily output of metal products amounted to 1.95 million tons, an increase of 0.17%. In addition, the stocks of metal products of China's key enterprise... 29.08.2022  10:22

• Global pig iron production declined in July According to statistics released by the World Steel Association (worldsteel), in July, global pig iron production was about 105 million tons, down 6.2% from the same month last year and down 5% from the previous month. In July alone, Asian production was 87.2 million tonnes, down 6.1%... 26.08.2022  11:07

• Turkish steel mills considering shutdown Recently, market prices for energy and scrap metal have remained high, and the rise in steel prices in the Turkish domestic market and in world markets was still uncertain. In this situation, some Turkish long steel mills have begun to consider temporarily shutting down production. These Turkish... 26.08.2022  11:05

• China's steel production could remain low for months Although crude steel production in China recovered in August after falling for two consecutive months, by mid-August, steel inventories in China's main trading centers were still at a low level. Low steel production and inventory levels meant that Chinese steel producers and distributors were... 26.08.2022  09:59

• Power shortages may not affect steel supply in Europe much ArcelorMittal Chief Executive Officer Aditya Mittal said the energy crisis would only have a strong impact on end-user demand for steel, not supply. ArcelorMittal has indicated that the energy crisis will not stop its operations, although it may transfer some of its production from German plants to... 24.08.2022  12:15

• China exports slabs to Europe Like other Asian manufacturers, Chinese suppliers are rushing to export to the European market because it is profitable. “Now anyone who can sell steel to Europe will rush to do so,” says a trader from Jakarta. Last week, a Chinese plant sold a 40,000-ton shipment of labs to Europe at $855/ton FO... 24.08.2022  12:04

• Worldsteel: Global production of crude steel fell in July According to statistics from the World Steel Association (worldsteel), global production of crude steel in July this year amounted to 149.3 million tons, a decrease of 6.5% compared to the same month last year. Among them, Asian crude steel production reached 110.1 million tons, down 5.2% year... 24.08.2022  12:00