Metallurgy news
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Steel production in Ukraine decreased in January-May y/yAccording to statistics from the World Steel Association, in the first five months of 2022, Ukrainian steel mills reduced steel production by 52.8% to about 4.24 million tons year on year. At the same time, pig iron production decreased by 53.3% and amounted to about 4.15 million tons compared to…
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Tata Steel announced the termination of cooperation with RussiaTata Steel said the corporation received 75,000 tons of coking coal from Russia in May, and the deal was completed before a decision was made on April 20 to stop business in Russia. According to an April 20 announcement, Tata Steel has already ended business with Russia. After this announcement…
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EU General Court rejects Thyssenkrupp-Tata Steel mergerThe EU General Court stood aside from the Commission's decision barring a proposed merger between Thyssenkrupp and Tata Steel in 2019. In 2018, the two companies notified the Commission that they planned to take joint control of a newly formed joint venture for plated steel and laminated steel…
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Global crude steel production upIn May this year, total crude steel production in the top 60 steel-producing countries was about 169.5 million tonnes, up 3.7% m/m compared to April and down 3.5% y/y. World crude steel production in the first five months of this year amounted to 792.4 million tons, down 5.1% compared to the same…
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The UK is considering the abolition of anti-dumping duties on Ukrainian rolled metal productsThe UK is considering lifting anti-dumping duties on some steel products from Ukraine due to Russia's military actions in the country, the trade agency said on Friday. Duties can be waived for up to nine months on hot-rolled flat and coiled products (HRFC), which are mainly used in mechanical and…
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European steel prices fell to pre-war levelsEuropean prices for coiled steel continued to decline in May and early June. Service centers and distributors refrained from buying, fearing further price cuts. Mills was looking for orders in the face of declining demand. By mid-June, coil prices in Europe had declined to levels reported prior to…
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Demand for steel in China fallsAccording to Beijing-based commodity consultant Simon Wu, steel mill owners in parts of China are in a bad mood. Steel inventories are slowly building up in warehouses at the country's largest steel center, the northeastern city of Tangshan, as well as in the provinces of Jiangsu and Shandong, said…
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Turkish crude steel production downAccording to the World Steel Association (worldsteel), Turkey produced about 3.2 million tons of crude steel in May, down 5.9% from the previous month and down 1.14% from the same month last year. . In total, Turkey produced about 16 million tons of crude steel in the first five months of 2022…
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Europe returns to coal-fired power generation amid energy crisisMany European countries have tried to reduce their dependence on natural gas and oil exports from Russia. However, this forced these countries to increase the use of coal for electricity generation. The Netherlands planned to remove restrictions on electricity generation from coal and other fossil…
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Tata Steel works on low-carbon technologies for steelmakersIndian company Tata Steel is developing a low-carbon transition plan for steel mills in the UK and the Netherlands to reach the goal of producing carbon-neutral steel in Europe by 2050. Tata Steel Netherlands said it is developing a combination of hydrogen-based direct reduction iron (DRI)…
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