Metallurgy news
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Steel production in Spain rose in SeptemberAccording to statistics from the Spanish Association of Steel Producers (UNESID), Spanish steel production in September was 1.01 million tonnes, up 50.1% from the previous month but down 19% year on year. For the nine months of this year, steel production amounted to 9 million tons. In September…
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ArcelorMittal idles one blast furnace at Fos-sur-MerArcelorMittal is preparing to shut down one blast furnace at its coil manufacturing facility in Fos-sur-Mer in southern France, the company confirms. The production limitation is a result of the continued decline in coil consumption in the European market and the impact of high energy costs. The…
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China's steel mill inventories fall to 9-month lowInventories of five key carbon steel products, including rebar, wire rod, hot rolled coil, cold rolled coil and plate, held at 184 Chinese steel mills surveyed by Mysteel continued to deplete between October 27 and November 2, falling for the second time. week in a row another 3.6% weekly increase…
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Steel production in Turkey fell in SeptemberTurkey's crude steel production fell 19% year-on-year to 2.7 million tonnes in September, according to the Turkish Iron and Steel Producers Association (TCUD). The volume of production for the first nine months was 27.3 million tons, which is 9.3% less than a year earlier. Export of steel from…
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Ukraine lifted the ban on the export of coking coalThe Government of Ukraine has announced a change in the list of goods subject to export licensing, including coking coal, which is not used for electricity generation. In early September, Ukraine banned the export of coking coal to ensure good preparations for the heating season. The government…
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Chinese steelmakers stem the decline in global steel productionThe latest data from Worldsteel shows that the decline in global crude steel production seen throughout 2022 reversed in September. Steelmakers produced a total of 151.7 million tons this month, up 3.7% from last September. This is the first annual increase recorded since August 2021. China The…
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Nippon Steel raises profit forecast on higher marginsJapan's Nippon Steel Corp raised its full-year net profit forecast by 12% this week, citing higher margins from higher prices and lower costs following restructuring and capacity cuts. Net income for the fiscal year ending March 31 is now forecast at a record 670 billion yen ($4.6 billion), up from…
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European Commission confirms anti-dumping duties for CRC for China and RussiaThe European Commission has confirmed the extension of EU anti-dumping duties on imports of cold-rolled steel (CRC) from China and Russia for another five years. This decision was the result of a review of the validity of the existing fees, launched in August last year after a formal request from…
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Steel prices in China may recover in NovemberIn September, China's average daily production of liquid steel was about 2.9 million tons, up 7.1% from the previous month. In October, the deficit of China's steel mills continued to increase, so they controlled production. At the same time, the average daily crude steel production in China ranged…
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Tata Steel to decide whether to continue UK business following government responseTata Steel's UK operations employ around 8,000 people, including the UK's largest steel plant at Port Talbot in South Wales. The company wants £1.5bn from the UK government to implement its decarbonisation plans. Tata Steel is also seeking support from the UK government in two forms. Firstly…
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