Metallurgy news
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U.S. steel production surged in the week ended April 23U.S. crude steel production was 1.784 million short tons for the week ended April 23, up 1.0% from the same period a week earlier but down 2.7%, according to statistics from the American Iron and Steel Institute (AISI). %. compared to the same period a year earlier. The capacity utilization rate…
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Steel production in Germany fell in AprilAccording to statistics from the German Steel Federation (WV Stahl), crude steel production in Germany in April this year was about 3.3 million tons, down 11.8% compared to the same month last year. During this period, the production of hot-rolled steel in Germany decreased by 13.1% year on year…
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POSCO opens new electrical steel plant in South KoreaSouth Korean steel giant POSCO said it has begun building a new $804 million plant to produce non-oriented electrical steel sheet in Gwangyang, South Jeolla province. The new plant, due to be completed in 2025, will be capable of producing 300,000 metric tons of such products per year. The…
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ASEAN Billet Import Market CollapsesRegional billet importers in Southeast Asia are taking a wait-and-see approach in a declining market. The regional finished steel market is very sluggish. “This is an illiquid market environment,” says a regional trader. The current month of fasting, the recent Thai Songkran holidays and the Easter…
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The impact of China's policy to reduce steel productionThe National Development and Reform Commission said it will continue to reduce crude steel production across the country so that crude steel production does not increase from last year. According to statistics from the National Bureau of Statistics, Anhui and Hubei provinces recorded the largest…
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Russia's new strategy to redirect steel exports to the Asian marketThe new strategy will include not only the growth of domestic steel consumption, but also the reorientation of export supplies to Asian countries. Previously, the Russian government announced that some steel companies in Russia would be exempt from paying excise taxes on liquid steel if they…
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Buying panic in the European steel market subsidesEuropean steel prices continued to rise in the second half of March. By early April, this upward trend had largely stopped. The panic of buying subsided. Prices for hot-rolled coil in some regions began to decline. At the height of the war in Ukraine, European steelmakers were facing cost spikes…
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Russian metallurgical companies will be exempted from excise tax on liquid steelThe Russian government has stated that if Russian metallurgical companies produce liquid steel for their own needs, they will be exempted from paying excise duty on liquid steel. The decision will also affect companies with an annual output of not more than 300,000 tons of special steel with an…
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Dana Steel's CRC plant in the UAE will start production in the first quarter of 2023Dana Steel from the UAE is already preparing to start the production of cold rolled coils. The cold rolling plant has an annual production capacity of 400,000 tons and was due to start production in the first quarter of 2023. Dana Steel currently has two production lines, one of which is used to…
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Metinvest's Zaporizhstal resumed pig iron productionThe Ukrainian metallurgical plant Zaporizhstal, which is part of the Metinvest group, canceled the protection regime for a part of the equipment, and then resumed the production of pig iron. A gradual resumption of production activities at the steel and rolling mills was also planned. Since the…
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