Metallurgy news
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Strike by Polish truckers threatens pipe supplies from UkraineUkrainian pipe companies increased production in January-September, reports the national association of pipemakers Ukrtruboprom. The total volume amounted to 376.1 thousand tons, which is 5.1% more than a year earlier, Callanish notes. However, in September alone, production reached 36.9 thousand…
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China's stainless steel imports hit intra-year high in OctoberChina's stainless steel imports reached 284,200 tons in October, up 22.8% from September and hitting a new high this year, but tonnage was still 8% lower, according to data released by the country's General Administration of Economic Affairs. .6% compared to October 2022. Customs (GACC). The…
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EU to hold second hydrogen auction in spring 2024The European Commission will open a second round of auctions to support EU renewable hydrogen production in spring 2024, EU President Ursula von der Leyen announced on Monday. The European Hydrogen Bank, created last October, will have a budget of 3 billion euros ($3.3 billion). The first pilot…
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ArcelorMittal Zenica stops production due to market conditionsArcelorMittal's Zenica steel plant in Bosnia has temporarily suspended production due to weak market conditions. “After careful consideration and evaluation of all available options, ArcelorMittal Zenica temporarily shut down its blast furnace on November 11, and production is gradually being…
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Iran produced more than 11 million tons of metal products in the first half of the yearIran produced 11.112 million tons of steel products in the first half of the current Iranian calendar year (March 21-September 22), the Iran Steel Producers Association (ISPA) reported. The Iranian steel industry has been constantly developing in recent years, despite all the pressures and…
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China scrap steel prices may rise in NovemberScrap steel prices in the country fell significantly in October as steel producers lowered scrap procurement prices to reduce production costs, Mysteel Global said. As of October 31, China's Mysteel scrap steel index was 2,892.7 yuan per ton ($406.4 per ton), including 13% VAT, down 2.9% from the…
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Nippon Steel drops patent lawsuits against Toyota and MitsuiJapan's Nippon Steel said it has dropped its lawsuits against Toyota Motor and Mitsui & Co over patents on electrical steel sheets, but continues to seek damages from China's Baoshan Iron & Steel (Baosteel). The Nippon Steel (5401.T) lawsuits, filed in 2021, sought damages from Toyota (7203.T)…
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Malaysian government plans to address excess capacity in the regionThe Malaysian government plans to work with China and Southeast Asian authorities to address overcapacity in the steel industry. “The problem [in the steel industry] is overcapacity. I hope that the Malaysian steel industry, together with the government, can have more dialogue and also work more…
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US to extend suspension of steel and aluminum tariffs for EUThe US will continue to suspend Section 232 tariffs on EU steel while both organizations actively work to reach an agreement. Ambassador to the European Union Mark Gitenstein explained that the United States does not intend to restore the 25% tariffs on steel imports in the near future. US tariff…
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Gestamp buys carbon-free steel from SSABGestamp has signed an agreement with Swedish steelmaker SSAB to purchase fossil fuel-free steel for the production of body and chassis systems, officials from the Spanish auto components company said. According to Gestamp, the agreement represents a new step in a multi-year partnership with SSAB…
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