Metallurgy news

• By 2030, SAIL's production capacity will be increased to 33 million tons Steel Authority of India Limited (SAIL) recently announced that it plans to increase annual production from 19.6 million tons to 33 million tons by 2030. With the launch of the SAIL expansion plan, the annual capacity of the Bokaro plant will also increase from 4.6 million tons to 8.6 million... 24.12.2022  13:59

• Hoa Phat exports long products to Europe for the first time Vietnamese steel company Hoa Phat has announced that it will export 10,000 tons of wire rod to Europe. This is the company's first export order for long products to Europe, which will be delivered in February 2023 of the year. Hoa Phat has previously exported hot rolled coil and galvanized steel... 24.12.2022  13:58

• The European Investment Bank will provide a loan of 350 million euros to Danieli Group The European Investment Bank (EIB) has approved a loan of 350 million euros for the Italian Danieli Group. The loan will help Danieli Acciaierie Bertoli Safau in Cargnacco, Udine, Italy, and Acciaierie Bertoli Safau in Sisak, Croatia, produce recycled steel and help further improve the circular... 24.12.2022  13:56

• Chinese metallurgy sector expects recovery in demand China's steel production and prices in 2023 will be driven by the level of recovery in demand compared to 2022, with investment in infrastructure unlikely to pick up and demand outlook in the real estate sector remaining uncertain. China's gross domestic product (GDP) growth is expected to reach... 22.12.2022  11:59

• Japan's Kyoei Steel raises rebar prices for January Kyoei Steel, Japan's largest rebar maker, is revising its domestic rebar prices for January sales, the company announced on Wednesday, after the Osaka plant added 5,000 yen per tonne ($38 per tonne) last month to sales for the current month. according to Mysteel Global. In a statement, Kyoei... 22.12.2022  11:56

• Steel imports to India jumped by 93% in November Finished steel imports to India rose 93% in November, making the country a net importer for the second consecutive month, while exports hovered around a three-year low. Last month's imports of 600,300 t were the highest since October 2019, while finished steel imports from April to November rose... 22.12.2022  11:53

• European steel mills expect price recovery Market participants said that a recovery in demand in Europe could only occur after the Chinese New Year. However, the price of hot-rolled coil (HRC) has almost reached its minimum, and Italian mills have also begun to increase their offers. At present, the stocks in the domestic market are not... 21.12.2022  11:39

• China Baowu Group to Build Zero-Carbon Sheet Steel Plant China Baowu Group has published an environmental assessment report for its high value-added steel plate plant in Zhanjiang. This publication indicates that this zero-carbon steelmaking plant is categorized as C3120 steelmaking and is located in the Zhanjiang Economic and Technological... 21.12.2022  11:38

• Ukraine may double steel production in 2023 - UAVtormet The reduction in the procurement of ferrous scrap in Ukraine this year will amount to 930 thousand tons, which is 77.5% less than a year earlier, according to the Ukrainian Association of Secondary Metals UAVtormet. Steel production in 2022 will be 6.5 million tons, which is 69.5% less,... 21.12.2022  11:36

• Export of steel pipes of Ukraine fell in November According to statistics, Ukraine's export of steel pipes in the first 11 months of this year amounted to about 375,000 tons, which is 32% less than last year. The value of these exports was approximately US$643 million, down 6.7% from last year. Among them, the USA, Germany and Poland were the... 20.12.2022  11:28