Metallurgy news
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ArcelorMittal and John Cockerill to build the world's first iron electrolysis plantArcelorMittal, the world's leading steelmaker based in Luxembourg, has announced a partnership with John Cockerill, a Belgian engineering company, to build the world's first industrial low-temperature iron electrolyser. Volteron™ plant scheduled to start up in 2027 In the first phase, the Volteron™…
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UK removes duties on stainless steel in IndiaAccording to a legal notice dated June 15, 2023, the UK government has accepted the recommendation of the Legal Remedies Authority (TRA) to lift countervailing measures against imports of stainless steel bars and bars from India, stating that subsidized imports will continue. if the countervailing…
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thyssenkrupp to supply sustainable steel for Knauf InterferDuisburg-based Knauf Interfer said it had signed a Memorandum of Understanding (MoU) with steelmaker thyssenkrupp regarding the procurement of green steel. Under the agreement, from this year thyssenkrupp will supply CO2-reduced steel using specially treated scrap under thyssenkrupp's bluemint®…
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Construction steel prices in China to rise in JuneAccording to Mysteel's latest monthly report, Chinese construction steel prices, including rebar and wire rod, could bottom out before recovering in June. The recovery in prices will be driven by stronger production costs and hopes that the central government will introduce new stimulus policies to…
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Metinvest is considering the possibility of supplying DRI to EuropeMetinvest believes that the supply of direct reduced iron is a new opportunity for the steel sector in Ukraine, given the development of the green steel market in Europe, says CEO Yuriy Ryzhenkov. “The fact that Metinvest can produce direct recovery products and can increase their volumes opens up…
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Great Britain extended the exemption of Ukraine from tariffs on hot-rolled steelThe UK government has decided to extend the suspension of trade dispute resolution measures regarding imports of hot-rolled flat products and coils from Ukraine, according to the UK Remedy Authority (TRA). The suspension of anti-dumping measures against certain types of Ukrainian-made hot-rolled…
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Biden focuses on US-EU steel tradeUS President Joe Biden highlighted the flourishing trade relationship between the US and the EU following negotiations on the world's first steel and aluminum products trade deal, negotiated during his first year in office. “We are working closely with international partners to create more…
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Polish valve manufacturers limit productionRebar prices in Poland fell again due to weak demand, and local steel mills cut production, and higher costs began to take their toll, sources told Fastmarkets on Friday, May 26. Official proposals from two local manufacturers were published earlier in the week. at PLN 2,900 (USD 690) per tonne CPT…
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Sales of Norilsk Nickel in Europe fall amid voluntary sanctions and a shift towards AsiaSales of nickel, copper and other Norilsk Nickel products to Europe declined in 2022, reflecting "voluntary sanctions" from some traditional partners. According to a recent presentation by company vice president Vladimir Zhukov, Europe accounted for 47% of Norilsk Nickel's sales last year, compared…
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South Korean POSCO builds steel plant for Chinese electric vehicle marketSouth Korean POSCO Holdings said it has completed a Giga Steel refinery in east China to meet the future needs of the Chinese electric vehicle market. The plant, located in China's Suzhou processing hub, is set to anticipate the expanding market for Giga Steel used in green electric vehicles (EVs)…
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