Metallurgy news
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SSAB expects higher steel supplies in first quarter despite sluggish demandSwedish steelmaker SSAB, which specializes in the production of steel strip, plate and pipe products, expects to increase deliveries during the first quarter of this year, despite subdued demand from major steel consumers. The forecast was made in the company's financial report for the fourth…
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The head of Metinvest said that he is open to future participation in the Ilva projectAlthough Metinvest is prioritizing its future Italian flat-rolled steel plant in Piombino, Metinvest says it may consider becoming a shareholder in troubled steelmaker Acciaierie d'Italia in the future. Currently, Metinvest supplies Taranto with raw materials and purchases slabs from Taranto for…
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German steel production in 2023 will be the lowest since 2009High energy prices and weak demand have led to a historic decline in German steel production in 2023, the national steel industry association WV Stahl said on Tuesday, January 23. In December 2023, the country produced 2.631 million tons of steel, which is 2.3% less than in December 2022. For all…
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Tata confirms UK blast furnace closureTata Steel has confirmed it will close blast furnaces at its Port Talbot steel plant and cut up to 2,800 jobs. The hot rolling mill will continue to operate during the proposed transition period, with subsequent units receiving imported steel raw materials from Tata Steel's plants in the…
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Polish factories are raising prices for valves to cover increased production costsPolish mills increased prices for rebar, while the price for wire rod remained unchanged in the week to Friday, January 12, sources told Fastmarkets. According to sources, valve prices in Poland have risen due to higher production costs, including rising raw material prices, coupled with weak…
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Steel production in Spain increased by 22% year on yearSpanish steel output rose 22% year-on-year in November 2023 to 1.06 million tonnes, bringing underlying production to an eight-month high, data from steel group Unesid showed on January 10. Output in the 12 months to November was 11.3 million tonnes, the highest since March 2023, although still…
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Liberty Dunaferr restarts rolling millsLiberty Dunaújváros (Dunaferr) rolling mills, including a hot-dip galvanizing line, have completed their first customer-specific campaign in January. They are "ready" for their next campaign later this month, the spokesperson adds. The firm declined to comment on whether the relaunch was designed…
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Iron ore price fallsIron ore prices fell for a third straight session on Monday to hit their lowest level in a week as some investors unwinded long positions to lock in profits amid weakening demand and steel margins. Top-traded iron ore for May delivery on China's Dalian Commodity Exchange (DCE) ended the day down…
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India to exempt some imported steel products from quality control requirementsIndia may exempt some imported steel products from quality control requirements to meet domestic demand and curb prices, broadcaster ET Now reported on Thursday, citing sources. Products could include aerospace steel and high-speed tool steel, among others, the broadcaster said. India only allows…
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Costs at German factories will remain high until spring 2024German steelmakers' production costs reached critical levels in the fourth quarter and will not fall for another couple of months, says Andreas Schneider of Stahlmarkt Consult. He estimates oxygen plant costs rose by €80/t ($88) from July to October and have remained constant since then. He…
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