Metallurgy news

• EU approves Germany's plans to develop energy-intensive industries The EU competition authority has approved a German project worth around 5 billion euros to develop energy-intensive industries, as the European economy has been hit hard by the Russian-Ukrainian war. The current geopolitical crisis and soaring energy prices continued to affect the development of... 22.07.2022  13:01

• Japan crude steel production down in June Japan's crude steel production stood at 7.45 million tons in June this year, down 7.6% from the previous month and 8.1% from the same month last year, according to the Japan Iron and Steel Federation (JISF). of the year. Pig iron production for the reporting period amounted to 5.25 million tons,... 22.07.2022  13:00

• Export of welded steel pipes from Turkey increased From January to May this year, Turkey exported 838,000 tons of welded steel pipes, up 120,000 tons from last year, according to the Turkish Statistical Institute (TUIK). Exports totaled US$950 million, up 60% year on year. Among them, exports to Romania were the largest at 110,000 tons, with a... 21.07.2022  12:37

• Chinese steel mills actively cut production China's crude steel production fell 3.3% year on year in June, while steel production fell 2.3% year on year, according to statistics. In June, demand for the steel industry and automotive steel improved and infrastructure construction expanded, but construction machinery in real estate and home... 21.07.2022  12:35

• Steel production in Germany fell in June According to statistics from the German Steel Federation (WV Stahl), crude steel production in Germany in June this year was about 3.2 million tons, down 7% compared to the same month last year. During this period, the production of hot-rolled steel in Germany decreased by 8% year-on-year and... 21.07.2022  12:33

• Western sanctions negatively affect the Russian steel industry Due to economic sanctions from Western countries, Russian metallurgical plants suffered losses both in sales to the domestic market and for export. All major Russian steel producers lost money in June. To cut losses, steel mills are actively reducing production and are also considering cutting... 20.07.2022  10:23

• Steel production in China continued to decline in mid-July China's pig iron and crude steel production is likely to fall further in mid- to late July as more steel mills were forced to cut production due to mounting losses. The reduction in steel production is expected to support domestic steel prices, which have fallen sharply since May due to weak... 20.07.2022  10:10

• Steel demand in Latin America may fall in 2022 An industry report revealed that Latin America's steel industry is currently facing regional inflation, political instability, as well as rising prices caused by the war between Russia and Ukraine, and these factors could lead to a slight decrease (about 2%, according to Alacero) in demand for... 19.07.2022  14:11

• Russian hot-rolled steel suddenly appeared on the Indian market In the past few months, Russian hot-rolled coil has suddenly appeared on the Indian market. Some sources say that since June, Indian buyers have purchased about 150,000 tons of hot-rolled coil from major Russian steel suppliers such as Severstal and NLMK. Such delivery was mainly associated with... 19.07.2022  14:07

• Vietnamese HRC market falls to 2020 low An alarming downturn in the Chinese steel market on Friday sent Vietnamese hot rolled coil to a new low. At the end of last week, Vietnam's hot-rolled steel import market fell by about 10%. Short-selling traders are offering Chinese-made 3-12mm HRC for as little as $560/tonne in Vietnam, Vietnam... 18.07.2022  10:12