Metallurgy news
-
Posco to resume production in DecemberAfter being hit by a typhoon in early September, Posco is currently overhauling its equipment. Part of the equipment resumed production, and part of the production was transferred to another plant. Posco was expected to resume full production in December. According to Posco, the stock of most…
-
Kazakhstan plans to extend the ban on the export of scrap metalThe government of Kazakhstan planned to extend the ban on the export of scrap metal, but first it will discuss whether this should be done before October 5. If the extension is confirmed, the ban will be extended for another six months to avoid issues such as domestic stock shortages due to scrap…
-
Russian Railways lowers tariffs to encourage the transportation of semi-finished productsJSC Russian Railways (RZD) has announced a reduction in tariffs for the transportation of containers and steel semi-finished products in certain areas, Kallanish notes. “From this month, an 11.1% discount is introduced for the export transportation of steel billets and slabs from the Novolipetskaya…
-
Posco Cuts Stainless Steel Production by 100,000 TonsSouth Korean steelmaker Posco says the economic downturn has hit the stainless steel market and it will cut production by 100,000 tonnes from September through the end of the year. Flooding caused by a recent typhoon flooded the Pohang plant, and stainless steel production lines could not resume…
-
The US is considering a law on mines aimed at limiting the control of Russia and ChinaRepublican Congressman Ken Calvert (CA-42) this week introduced the Mines Exploiting States Surveillance and Investigation Act (MINES) to "hold China and Russia accountable for their efforts to monopolize critical mineral resources around the world, especially in developing countries." countries."…
-
European steel industry faces production shutdown due to rising energy pricesEurope's steel industry is being forced to cut production or even shut down due to soaring energy prices, with some operators warning of permanent shutdowns. Germany, which depends to some extent on Russian natural gas, will face additional energy costs of 10 billion euros, equivalent to a quarter…
-
Vietnamese buyers order competitive Chinese steel SS400 HRCVietnamese importers continued to order commercial quality hot rolled coil from China last week. Orders for Chinese 3-12mm thick SS400 HRC steel were placed at around $570/t in Vietnam, Vietnamese and Chinese trade sources say. About 20,000-30,000 tons have been booked at $565-575 per ton per…
-
Chung Hung raises prices for galvanized products for OctoberChung Hung Steel Corporation (CHSC), a Taiwanese hot-rolled and cold-rolled coil and steel pipe company, has announced its price lists for October. Among them, the price of hot-rolled and cold-rolled steel remained the same, while the price of galvanized steel increased by NT$800/ton. Recently…
-
General Motors makes strategic investment in Lithion RecyclingGeneral Motors says it is making a strategic investment in Quebec-based Lithion Recycling Inc. to create a closed-loop ecosystem using Lithion's advanced EV battery recycling technology, Callanish said. The investment will be made by GM Ventures, the US automaker's investment arm. It is investing…
-
EU approves €5.2bn funding for hydrogen use in metallurgyThe European hydrogen industry welcomed on Thursday the approval of a €5.2 billion ($5.12 billion) state aid for the region's hydrogen supply chain. “We are pleased to see that the second wave of IPCEI projects has been approved. These projects come at an ideal moment as we seek to reduce our…
Pages
← previous
next →
