Metallurgy news
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US Steel to Launch First DR Pellet PlantThis fall, US Steel decided to invest $150 million to build the first direct reduced pellet plant at an iron landfill. The plant will be in Kitaka in Kivatin or Minntaka in Mountain Iron. Once the new pelletizing plant is completed, the company may sell the new pellets to third party direct reduced…
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Romania will again produce its own fittingsAfter acquiring COS Targoviste in March this year, AFV Beltrame Group, one of the largest producers of rolled steel and special steels in Europe, started using the new Donalam brand for recruitment and invested about 100 billion euros in equipment upgrades and 80% of the budget will go to the…
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G7 to propose $600 billion plan to compete with China initiativeThe Group of Seven (G7), an intergovernmental organization made up of the world's largest developed economies, planned to raise $600 billion to build infrastructure in developing countries to compete with China's Belt and Road Initiative. The US and EU will offer US$200 billion and €300 billion…
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Ukrainian Metinvest is trying to enter new markets in EuropeMetinvest CEO Yuriy Ryzhenkov said that Metinvest will continue to develop coking coal production at the Pokrovsky coal mine in the Donetsk region and the Svyato-Varvarinskaya concentrator. He also said that demand for coal will continue into the next decade. It may be too early to worry about…
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China extends duties on EU and UK fasteners by 5 yearsChina's Ministry of Commerce announced on June 28 that it had decided to maintain anti-dumping (AD) duties on carbon steel fasteners made in the EU and the UK for another five years, saying the lifting of the existing AD measure would likely lead to a continuation or resumption of dumping in China…
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Zaporizhstal is considering cutting production due to logistical problemsUkrainian steelmaker Zaporizhstal is considering cutting production due to serious logistical problems. Most of the shipment routes passed through ports before the Russian-Ukrainian war, but there is still no access. As a result, stockpiles at the border in western Ukraine are excessive. Thus…
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US Steel Kosice stops blast furnace in SlovakiaSlovak plate maker US Steel Kosice closed its smaller blast furnace in an attempt to balance supply with weak demand and prevent further price drops. Sources said the plant had to shut down the kiln because its location was heavily dependent on the automotive industry, but demand from automakers is…
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Chinese company Baosteel launches robots to improve operational efficiencyAccording to the operating reports of the Chinese company Baoshan Iron and Steel Co., Ltd. (Baosteel), its new robot BAO Robot went into operation and helped Baosteel cut a total of 6,918 employees in 2020 and 2021 without hurting Baosteel's revenue and profit. On the contrary, from 2019 to 2021…
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Ukrzaliznytsia has limited the supply of iron ore to the Czech RepublicThe Ukrainian State Joint-Stock Company of Railway Transport Ukrzaliznytsia has introduced temporary restrictions on the transportation of iron and manganese ore to the Czech Republic. The restriction has been in effect since June 23, 2022, the date of its cancellation has not yet been determined…
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Voestalpine to secure natural gas supplies after Russia cuts off suppliesVoestalpine AG, one of the Austrian steel producers, said it was not affected by the restriction of gas supplies via the Nord Stream 1 gas pipeline from Russia. In addition, they are ready if Russia cuts off gas supplies. To expand various sources of natural gas supplies, the company currently…
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