Metallurgy news
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Voestalpine to sell German special steel divisionThe management of Voestalpine has decided to change the planned strategic repositioning of Buderus Edelstahl to the sale of a subsidiary. The company says it is doing this in response to economic conditions for industrial manufacturing companies in Germany. Buderus is part of the voestalpine High…
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Aluminum prices approach six-week highsAluminum prices rose on Tuesday, hitting a nearly six-week high on signs of seasonally strong demand. On the London Metal Exchange (LME), three-month aluminum prices reached $2,270 per metric ton, marking their highest level since February 1. According to Tom Price, Liberum's head of commodity…
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EU extends anti-dumping measures against Chinese HDG for another five yearsThe European Commission has decided to maintain existing anti-dumping duties (AD) on imports of certain corrosion-resistant steels from China, particularly hot-dip galvanized (HDG) coils, at 17.2-27.9%, it has been published in a white paper. EU Magazine on Monday 11 March. The duties were first…
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The fate of the US Steel takeover may depend on the words of the union boss.David McCall has a unique opportunity to do right by America's industrial workers, and he's ready to seize the moment. As head of the United Steelworkers, McCall finds himself in an unexpected place of power. Labor groups have traditionally had little influence on corporate takeovers in the United…
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Tenova tests hydrogen for steelmakingSteel equipment maker Tenova is partnering with Italian energy companies De Nora, Snam and other European steelmakers to test green hydrogen to decarbonize steel production. This is happening as part of the project “Hybrid Technologies for Sustainable Heating of Steel” (HyTecHeat). HyTecHeat…
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Turkish company BMS begins exporting galvanized steel wire to EuropeTurkish galvanized steel wire manufacturer BMS Birlesik Metal said in a regulatory filing on Feb. 26 that it has begun exporting galvanized and galvanized steel wire to Europe. Wire supplies to the European agricultural sector are expected to be around 300 tonnes per month and will have a positive…
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The steel market in Ukraine decreased by a third year-on-yearUkrainian enterprises in January of this year reduced consumption of rolled metal by 37% compared to the same period last year - to 137.7 thousand tons from 219.1 thousand tons. This was reported by the Ukrmetallurgprom association of enterprises. According to the press release of the association…
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Czech industry criticizes EU emissions reduction target by 2040The Czech government should not support the European Commission's climate target of cutting emissions by 90% by 2040, as it is unattainable and would hit the industry-dependent Czech Republic hard. Therefore, warn the Czech associations of energy-intensive sectors, including the Czech-Slovak steel…
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Indonesia names two Chinese nationals as suspects in arson at nickel plantIndonesia has named two Chinese nationals as suspects in its investigation into a deadly explosion at a nickel plant owned by top producer Tsingshan Holding Group. The fire, which killed 21 people, exposed the hidden costs of the Southeast Asian country's rapid expansion of the nickel industry…
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ArcelorMittal on forecasts for demand for flat steel in EuropeDemand for flat steel in Europe is expected to grow by 2-4% this year, ArcelorMittal said. Indeed, an improvement in apparent steel demand in January allowed European steel producers to deliver higher prices on the spot market. It is noteworthy that in January, prices for hot-rolled coil in…
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