Metallurgy news
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NLMK-Kaluga improves environmental performance of productionMore than 1,500 filters of the air purification system were replaced at the NLMK-Kaluga plant (part of the NLMK Group). The centralized gas cleaning system of NLMK-Kaluga's electric arc furnace corresponds to the best existing EU technology, and the residual dust concentration is only 5 mg/m3. The…
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Taiwan passes Chip LawTaiwan's legislature has approved a draft amendment to Article 10-2 and Article 72 of the Industrial Innovation Law, called the Taiwan Chip Law. It aims to attract more enterprises to make major investments in Taiwan, and to strengthen and improve the position of Taiwan's key industries, including…
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The decline in iron and steel production in Europe hit the demand for pellets and raw materialsLower iron and steel production in the EU led to lower raw material demand in Q4 2022 and early 2023, especially for high quality iron ore and pellets, while coking coal demand was supported by high energy prices until 2022 .and trade. restrictions on Russian coal, according to S&P Global Commodity…
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Protective quotas for the first quarter confirm China's return to EuropeData on the level of use of EU protective quotas for the first quarter point to a sudden increase in imports of Chinese origin into the bloc. During the first four days of January, when new protective quotas became available, China completely exhausted six of its country-specific product quotas…
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South Korea increases imports of stainless steel sheetsThe import volume of stainless steel sheets to South Korea has exceeded 90,000 tons. The rapid increase in plate imports in December after November appeared to be due to increased supply worries following the POSCO flooding incident last September and the result of aggressive import contracts…
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Indian steel mills raise prices for hot-rolled coilSeveral of India's leading steel mills raised hot rolled coil prices last week in January due to limited resources available for sale. India's exports to Europe and the Middle East increased last month, although domestic price increases were not supported by demand as export duties were lifted at…
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Ukraine plans to increase electricity importsThe Cabinet of Ministers of Ukraine approved the regulation on the specifics of regulation of electricity imports in the autumn-winter period of 2022-2023 under martial law in Ukraine. The rules establish that consumers using imported electricity should not limit their choice of electricity. At the…
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Vietnamese Hoa Phat Group increased steel sales by almost a third in DecemberHoa Phat Group, Vietnam's largest steel producer, said its sales of steel products, including structural steel, hot-rolled coil (HRC) and billets, totaled about 558,000 tons in December last year, up nearly 26% year-over-year. . the same month a year ago. For the full year of 2022, Hoa Phat Group's…
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ArcelorMittal buys Polish scrap metal companyArcelorMittal has signed an agreement to acquire Poland's Zaklad Przerobu Zlomu (Zlomex) scrap metal recycling company. ArcelorMittal says Zlomex operates scrap yards in Krakow and Warsaw in Poland, which "recycled and shipped almost 400,000 metric tons of ferrous scrap last year." The Luxembourg…
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NLMK shareholders voted against the payment of dividendsShareholders of Russian steelmaker NLMK voted against paying dividends for the first nine months of 2022, rejecting the company's attempts to restore its dividend policy. NLMK's board of directors had previously recommended a RUB2.6 ($0.035) dividend payout for the reporting period, but the company…
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