Metallurgy news
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Belarusian BMZ plans to supply seamless steel pipes to RussiaThe Belarusian Metallurgical Plant (BMZ) planned to supply a batch of steel seamless pipes worth 600 million rubles in 2023 to Bashkortostan, and the goods will be delivered to an oil equipment manufacturer. From January to September, BMZ delivered $6.8 million worth of steel products to the…
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Construction steel prices in China fell due to fundamental factorsStructural steel prices in China have been declining since the country's National Day celebrations (October 1-7), mainly as demand lacked significant growth momentum and cost support from raw materials weakened. In addition, market sentiment was dampened by the resurgence of COVID-19 cases across…
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Tata Steel intends to withdraw from the UK steel marketTata Sons, a subsidiary of Tata Steel, may leave the UK steel industry due to the inability to obtain financial support from the UK government. Tata Sons said it plans to provide financial support for the replacement of blast furnaces with electric arc furnaces at its Port Talbot plant. However…
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US sanctions against Russian aluminum will affect the global marketThe US government is considering a ban on aluminum imports to Russia, which has caused concern in the global market, as Russia, the world's second largest aluminum producer, supplies aluminum, which accounts for about 6% of the world's production, which is about 70%. million tons. The three options…
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Ferrexpo suspends production due to damage to Ukraine's energy infrastructureFerrexpo, a Ukrainian iron ore producer, said it had suspended production at its iron ore pellet plant in central Ukraine after a Russian missile attack damaged the country's energy infrastructure and no employees were injured in the attack. In the energy supply of Ukraine, priority was given to…
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Russia plans to accelerate the development of new chromium depositsThe Russian Ministry of Industry and Trade has developed a strategy for the steel industry by 2030 with the goal of reducing chromium ore imports to Russia to below 30% of market demand in order to reduce dependence on imports. To achieve this goal, Russia plans to develop the Saranovskoye field in…
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New long products plant in Bolivia to start operations in 2024The Bolivian government has accelerated the construction of the Mutún steel complex to produce high quality steel to replace 50% of the nation's steel imports and receive US$75 million per year in the first phase. Mutun, located in the department of Santa Cruz in Bolivia, has the largest iron…
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CISA: daily steel production fell in OctoberDaily crude steel production among China Metallurgical and Steel Association (CISA) member plants declined further in the first half of October, falling by 1.1% or 23,700 tons per day in 10 days to an average of 2.11 million tons in day, according to the association's new report on 13 October. The…
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Turkey coal mine explosion kills 41President Recep Tayyip Erdogan said an explosion at a coal mine in northern Turkey on Friday night killed 41 people and injured several more as search and rescue efforts came to an end. A fire broke out at a mine in northern Bartin province, Amasra district, on Friday. Initial evidence suggests an…
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Europe faces gas insecurityEurope is likely to survive cuts in Russian natural gas supplies this winter as the war in Ukraine continues, but the coming heating season will underscore the continent's ability to meet energy needs, experts said at the Columbia Global Energy Summit in New York. The flow of Russian pipelines…
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