Metallurgy news
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Zaporizhstal started work on the third blast furnaceZaporizhstal, a joint venture of Metinvest Group, is taking blast furnace No. 2 out of forced hot mothballing, which has been idle since March 2022. Now Zaporizhstal’s blast furnace shop will operate with three blast furnaces. “Since March last year, blast furnace No. 2 has been in hot conservation…
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US Steel restarts dormant kiln in IndianaIntegrated steelmaker US Steel has restarted its last idle blast furnace at the Gary Works steel plant in Indiana. The company has returned to service its 1.5 million short tons per year Blast Furnace No. 8 at Gary Works, which has been idle since September 7, 2022, as demand has improved. US Steel…
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13 countries around the world ban the export of scrap metalThe practice of restricting the export of ferrous scrap is very common in the world and covers 43 countries today. Of these, 13 states generally prohibit the export of this raw material from their territory. Scrap metal is a key raw material for steel production; without it, the operation of…
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Chinese Baosteel companies raise prices for AprilChinese companies Baosteel, Angang and Bengang announced that they will continue to raise prices for April, of which the price of hot-rolled and cold-rolled steel rose by 200-300 yuan per ton. As for price adjustments at China's top three steel mills, Chaodong Weng, chairman of Taiwan's China Steel…
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EU electricity prices generally rose in FebruaryWith the exception of Northern Europe and Germany, the average daily electricity price in most European markets exceeded 130 euros per MWh in February. Among them, Spain's electricity price rose the most, with its average wholesale electricity price doubling as wind and hydropower production…
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US continues to impose duties on fittings from three countriesIn accordance with the final outcome of the Fast Track Fourth Review of Anti-Dumping Orders on Duties on Stainless Steel Pipe Butt Joints, the U.S. Department of Commerce (USDOC) ruled that the repeal of existing AD duty orders on qualifying goods from Italy, Malaysia, and the Philippines is likely…
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Chinese policy has little effect on containment of iron ore pricesTo prevent illegal speculation in iron ore, China's National Development and Reform Commission issued documents aimed at strengthening supervision and curbing the unjustified rise in iron ore prices. However, with China weakening and fully open to the epidemic, this policy is ineffective, as…
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Steelmakers in Germany predict price hikes in MarchIn the German steel market, an increase in prices for steel products is predicted in March this year The March index of market sentiment amounted to 75 points, both on the part of distributors and manufacturers. The average for February was 54 points. This change indicates positive expectations for…
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Metinvest estimates damage from war at $3.5 billionMetinvest Group estimated the damage caused by damage and loss of control over some enterprises as a result of Russia's military actions against Ukraine at $3 billion 523 million. Such data is contained in a presentation for the JP Morgan Global Emerging Markets Corporate Conference. In particular…
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Bekaert sells its steel business in Chile and PeruBelgian multinational steelmaker Bekaert has announced the sale of its steel wire operations in Chile and Peru to its current partners. This transaction, worth approximately $350 million and netting the company $136 million, is expected to close this year. Bekaert currently owns 52% of the shares…
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