Metallurgy news
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Thyssenkrupp to supply environmentally friendly steel to Waelzholz GmbHThyssenkrupp, a German steelmaker, has announced that it will sign a Memorandum of Understanding (MoU) with Waelzholz GmbH to provide Waelzholz with bluemint® environmentally friendly steel from 2023 . From 2030, Waelzholz will increase the purchase of CO2-reduce steel step by step. The steel will…
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Global Crude Steel Production Up In September YoYAccording to the World Steel Association (worldsteel), in September, global production of crude steel increased by 3.7% year on year and amounted to about 152 million tons. Among them, Asian crude steel production was about 113 million tons, up 10.6% year on year. At the same time, production from…
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Nucor's New Steel Sheet Plant in Kentucky to Launch First Production by the End of 2022Nucor CEO Leon Topalian announced that a 1.2 million short tons (st)/yr electric arc furnace and a ladle smelter furnace have been commissioned in Brandenburg, Kentucky in Brandenburg, Kentucky. The plant was expected to produce the first sheet by the end of the year. The company said Brandenburg…
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Ferrous scrap prices in Italy under increased pressureDomestic ferrous scrap prices in Italy could fall in the coming months as support from the country's energy crisis bailout package could be wiped out by a significant decline in steel demand. In early October, the financial authorities approved the details of a support package for energy-intensive…
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Steel production in China in September reached a 3-month high on expectations of construction demandChina's crude steel production rose to its highest level in three months in September as steel mills ramped up production in anticipation of increased construction activity ahead of winter. The world's largest steelmaker produced 86.95 million tons of the metal last month, up 3.7% from 83.87…
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Global stainless steel sector expects contraction in 2022 and recovery in 2023According to the International Nickel Research Group (INSG), global nickel production is expected to increase from 2.61 Mt in 2021 to 3.04 Mt in 2022 and 3.39 Mt in 2023. Nickel consumption is expected to increase from 2.77 Mt in 2021 to 2.89 Mt. million tons this year and 3.22 million tons next…
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Shagang to become China's second largest steelmakerShagang Group (Shagang), China's third-largest steelmaker (and arguably the runner-up) in terms of crude steel output, advanced its mergers and acquisitions (M&A) strategy by acquiring a 60% stake in Nanjing Iron & Steel United Co. (Nangang) of Chinese conglomerate Fosun International, according to…
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WSA: global steel demand could fall 2% in 2022 and rise 1% in 23During 2022, global steel demand is likely to fall by 2.3% yoy to almost 1.8 billion tons, and in 2023 there may be a growth of 1% yoy, with the volume reaching 1.81 billion tons , according to World Steel. The Association (WSA) predicted in its latest short-term forecast for 2022 and 2023 on…
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Steel production in Vietnam increased in SeptemberVietnam's finished steel production stood at 2.44 million tonnes in September, up 23.41% mom and 1.7% year on year, according to the Vietnam Steel Association (VSA). At the same time, sales of steel products amounted to 1.99 million tons, which, on a monthly basis and on an annualized basis…
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China named world's largest consumer of scrap metalDuring the meeting of BIR Iron and Steel on October 17 in Dubai, Rolf Willeke, BIR Statistics Adviser on Iron and Steel, shared statistics on the global trade in ferrous scrap for the first half of 2022. Willeke said that in all key countries and regions, the use of scrap steel and the production…
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