Metallurgy news
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Iron ore price rises on stimulus rates and low inventoriesIron ore prices continued higher on Friday, bolstered by growing hopes for stimulus measures in China after weaker export data and lower inventories at both mills and ports. Benchmark 62 percent Fe fines imported into northern China changed hands at $116.52 a ton on Friday morning, up 4.25%…
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Liberty Steel wins tender to acquire DunaferrLiberty Steel, through its subsidiary Liberty Steel Central Europe Kft, is set to acquire bankrupt Hungarian steelmaker Dunafrr for 55 million euros. The Dunaferra coke plant was ordered to close last December, but Liberty sent coal trains from Elk Creek in the US, CSM in the Czech Republic and…
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Hyundai Steel launches low-carbon steel brand HyECOsteelSteelmaker ArcelorMittal has announced the launch of its XCarb™ innovation fund to fund decarbonization projects in India. Canadian company CHAR Technologies will act as an accelerator program for its XCarb™ by investing US$5 million in the company through ArcelorMittal's XCarb™ Innovation Fund…
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ArcelorMittal closes Fos-sur-Mer steel plantAccording to ArcelorMittal, steel production at the ArcelorMittal steel plant in Fos-sur-Mer in southern France will be stopped. The reason was the decision of the labor inspectorate, which revealed an excessively high level of exposure to toxic products and dust on workers, as well as insufficient…
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Türkiye becomes the largest buyer of Chinese hot-rolled steelTurkey overtook Vietnam to become the largest buyer of Chinese hot-rolled coil in May, despite the start of an increase in import duties in the country. “Demand from Turkey was strong a couple of months ago, especially after the devastating earthquake in February. The higher import duties imposed…
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Hungary extends bid deadline for sale of Dunaferr steel plantThe Hungarian government has extended the tender deadline for local flat steel producer Dunaferr, sources told Fastmarkets on Thursday, June 29. The previous application deadline was June 30, 2023, but it has been extended to July 14. to the document seen by Fastmarkets. “The liquidator may extend…
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UK extends anti-dumping duty on Chinese plateThe UK Government has agreed to the recommendation of the Office of Remedies (TRA) to extend anti-dumping duties on plate of Chinese origin for another five years from 1 March 2022. The TRA issued its final decision on Wednesday after recommending in February that anti-dumping duties be maintained…
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247TailorSteel opens new plant in the NetherlandsThe 247TailorSteel service center group has further expanded in the Netherlands with the opening of a second manufacturing facility last week. The 40,000 m² plant in Oud-Gastel, near Roosendal, is the company's largest plant. It was equipped with five laser cutting machines, four bending machines…
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Worldsteel: global production of crude steel fell in MayAccording to statistics from the World Steel Association (worldsteel), global crude steel production in May was 161.6 million tonnes, down 0.2% from the previous month and down 5% from last year. Among them, Asia's crude steel production reached nearly 120 million tons, down 6% from last year, of…
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India ranks first in the supply of rolled metal products to the EUAccording to statistics, imports of hot-rolled coil (HRC) to the EU in April amounted to about 837,000 tons, up 47% on the previous month, but down 5.4% on the same period last year. The increase on a monthly basis was mainly due to higher demand for restocking from December last year to February…
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