Metallurgy news
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Metinvest is considering the possibility of supplying DRI to EuropeMetinvest believes that the supply of direct reduced iron is a new opportunity for the steel sector in Ukraine, given the development of the green steel market in Europe, says CEO Yuriy Ryzhenkov. “The fact that Metinvest can produce direct recovery products and can increase their volumes opens up…
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Great Britain extended the exemption of Ukraine from tariffs on hot-rolled steelThe UK government has decided to extend the suspension of trade dispute resolution measures regarding imports of hot-rolled flat products and coils from Ukraine, according to the UK Remedy Authority (TRA). The suspension of anti-dumping measures against certain types of Ukrainian-made hot-rolled…
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Biden focuses on US-EU steel tradeUS President Joe Biden highlighted the flourishing trade relationship between the US and the EU following negotiations on the world's first steel and aluminum products trade deal, negotiated during his first year in office. “We are working closely with international partners to create more…
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Polish valve manufacturers limit productionRebar prices in Poland fell again due to weak demand, and local steel mills cut production, and higher costs began to take their toll, sources told Fastmarkets on Friday, May 26. Official proposals from two local manufacturers were published earlier in the week. at PLN 2,900 (USD 690) per tonne CPT…
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Sales of Norilsk Nickel in Europe fall amid voluntary sanctions and a shift towards AsiaSales of nickel, copper and other Norilsk Nickel products to Europe declined in 2022, reflecting "voluntary sanctions" from some traditional partners. According to a recent presentation by company vice president Vladimir Zhukov, Europe accounted for 47% of Norilsk Nickel's sales last year, compared…
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South Korean POSCO builds steel plant for Chinese electric vehicle marketSouth Korean POSCO Holdings said it has completed a Giga Steel refinery in east China to meet the future needs of the Chinese electric vehicle market. The plant, located in China's Suzhou processing hub, is set to anticipate the expanding market for Giga Steel used in green electric vehicles (EVs)…
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Nippon Steel Increases Electrical Steel Sheet Production CapacityJapan's Nippon Steel has announced an investment of around 213 billion yen in its Setuchi and Kyushu plants to increase production capacity and improve the quality of non-oriented electrical steel sheet products. With stricter regulations on car carbon emissions and average fuel consumption, the…
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Steel production in Germany fell in AprilAccording to the German Steel Federation (WV Stahl), crude steel production in Germany fell 3.8% year-on-year in April to about 3.19 million tonnes. Meanwhile, German iron and hot-rolled steel production was 2.07 million tons and 2.73 million tons, down 3.4% and 7.2% from last year. In the first…
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Japan's Hokkaido power plant starts producing hydrogenJapanese electric power company Hokkaido Electric Power has begun producing hydrogen in the northernmost prefecture of Hokkaido and plans to store excess renewable energy through water electrolysis. In addition, Hokkaido plans to use hydrogen to cool generators and fuel cell vehicles. The…
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The UK car industry is not ready for the consequences of BrexitAt the risk of sounding like a broken record, the UK automotive industry is calling on the government to develop an industrial strategy that will create attractive investment conditions for cutting-edge automotive production. Mike Hawes, CEO of the Society of Automotive Manufacturers and Traders…
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