Metallurgy news

• Ferrexpo faced restrictions on the corporate rights of Ukrainian subsidiaries Iron ore pellet producer Ferrexpo said a court has prohibited the transfer of ownership and other corporate rights associated with shares to the company's subsidiaries in Ukraine. “It is understood that the restrictions are part of an ongoing series of legal proceedings against Konstantin Z... 27.03.2024  11:38

• Kazakhstan opened a national pavilion at a mining conference in Toronto Minister of Industry and Construction of Kazakhstan Kanat Sharlapaev took part in the opening of the national pavilion at the International Convention of the Prospectors and Developers Association of Canada (PDAC) 2024 in Toronto, the department’s press service reports. The PDAC Conference, the l... 24.03.2024  12:16

• Russian coal imports to China plummet due to import taxes Chinese purchases of Russian coal fell sharply in the first two months of the year after Beijing reimposed import taxes that make Russian supplies less competitive. While China's total coal imports rose 23% year-on-year to 74.5 million tons in January and February, sales to Russia fell 22% to... 24.03.2024  11:53

• Voestalpine to sell German special steel division The management of Voestalpine has decided to change the planned strategic repositioning of Buderus Edelstahl to the sale of a subsidiary. The company says it is doing this in response to economic conditions for industrial manufacturing companies in Germany. Buderus is part of the voestalpine... 18.03.2024  14:06

• Aluminum prices approach six-week highs Aluminum prices rose on Tuesday, hitting a nearly six-week high on signs of seasonally strong demand. On the London Metal Exchange (LME), three-month aluminum prices reached $2,270 per metric ton, marking their highest level since February 1. According to Tom Price, Liberum's head of... 13.03.2024  12:05

• EU extends anti-dumping measures against Chinese HDG for another five years The European Commission has decided to maintain existing anti-dumping duties (AD) on imports of certain corrosion-resistant steels from China, particularly hot-dip galvanized (HDG) coils, at 17.2-27.9%, it has been published in a white paper. EU Magazine on Monday 11 March. The duties were first... 13.03.2024  11:48

• The fate of the US Steel takeover may depend on the words of the union boss. David McCall has a unique opportunity to do right by America's industrial workers, and he's ready to seize the moment. As head of the United Steelworkers, McCall finds himself in an unexpected place of power. Labor groups have traditionally had little influence on corporate takeovers in the... 07.03.2024  17:40

• Tenova tests hydrogen for steelmaking Steel equipment maker Tenova is partnering with Italian energy companies De Nora, Snam and other European steelmakers to test green hydrogen to decarbonize steel production. This is happening as part of the project “Hybrid Technologies for Sustainable Heating of Steel” (HyTecHeat). HyTecHeat, fun... 05.03.2024  10:14

• Turkish company BMS begins exporting galvanized steel wire to Europe Turkish galvanized steel wire manufacturer BMS Birlesik Metal said in a regulatory filing on Feb. 26 that it has begun exporting galvanized and galvanized steel wire to Europe. Wire supplies to the European agricultural sector are expected to be around 300 tonnes per month and will have a... 29.02.2024  22:41

• The steel market in Ukraine decreased by a third year-on-year Ukrainian enterprises in January of this year reduced consumption of rolled metal by 37% compared to the same period last year - to 137.7 thousand tons from 219.1 thousand tons. This was reported by the Ukrmetallurgprom association of enterprises. According to the press release of the association,... 22.02.2024  13:08