Metallurgy news
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Global steel production fell 5% in Aprilworldsteel data shows global crude steel production stood at 162.7 million tonnes in April, down 5.1% from the same month in 2021. This is the ninth month in a row that a decline has been recorded compared to last year. The decline, which began in mid-2021, was initially due to rising gas and…
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Worldsteel: Turkish steel production fell in January-April due to higher energy pricesAccording to statistics released by the World Steel Association (worldsteel), Turkey's steel production in April this year was 3.4 million tons, up 1.6% from the same month last year. In the first four months of this year, Turkey's crude steel production was 12.8 million tons, down 3.2% from last…
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British Steel secures government funding for green hydrogen researchBritish Steel has received funding from the UK government to conduct a feasibility study on switching from natural gas to green hydrogen as the fuel source for its reheat furnaces. If the study is successful, British Steel will conduct an industrial-scale demonstration during which the technology…
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Global stainless steel production to grow by 4% in 2022MEPS predicts that global crude stainless steel production will reach 58.6 million tonnes this year. Growth is likely to come from businesses located in China, Indonesia and India. Melt activity in East Asia and the West is expected to remain limited. Stainless steel production in China recovered…
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War in Ukraine Disrupts Trade Patterns - IrepasThe war in Ukraine is changing trade patterns and creating new opportunities for other steel-producing countries besides Russia and Ukraine, participants in a meeting of the International Association of Exporters and Rebar Manufacturers (Irepas) this week in Istanbul said. For example, the war led…
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Worldsteel: Global Crude Steel Production Falls in AprilAccording to statistics released by the World Steel Association (worldsteel), global crude steel production in April this year was almost 163 million tons, down 5.1% from the same month last year. Of these, production in Africa decreased by 5.4% to 1.2 million tons, in Asia it decreased by 4% to…
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Export of semi-finished products from Ukraine fell in January-AprilExport of semi-finished products from Ukraine for the first four months of this year amounted to about 1.2 million tons, which is 55.3% less than last year. The value of exports fell by 45% to approximately US$707.8 million. Among them, Italy was the leading country that imported the most…
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Steel production in Japan fell by 4.4% in AprilJapan's crude steel output fell 4.4% year-over-year in April, the Japan Iron and Steel Federation said on Monday as manufacturers responded to sluggish demand from the auto sector due to a prolonged supply chain crisis and restrictions imposed by China. related to COVID-19. Production in Japan, the…
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EU carbon tariffs have had limited impact on China's steel industryAt the Singapore Iron Ore Forum on May 17, Chinese steel experts said the upcoming EU Carbon Border Management Mechanism (CBAM) should not have much of an impact on China's steel industry. Due to strong domestic demand for steel in China, the share of exports in total steel production is relatively…
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One fifth of Russian exports affected by sanctionsThe EU has banned the import of iron, steel and coal from Russia (since mid-August 2022), as well as cement, rubber, timber, seafood and alcohol. The United States banned the supply of oil and petroleum products, LNG, seafood and diamonds. The UK has imposed restrictions on imports from Russia of…
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