Metallurgy news
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Low demand for steel sheet due to high prices in TaiwanTo reflect the cost, Taiwan's market price for steel sheet rose to more than NT$32,000 per ton. During this period, subsequent buyers replenished stocks. Thus, after the increase in steel sheet prices, demand slightly decreased. It was expected that demand could recover after the announcement of…
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U.S. crude steel production plummetsU.S. crude steel production for the week ended April 2 was 1.724 million tonnes, down 0.1% from the same period a week earlier, and down 3.5%, according to statistics from the American Iron and Steel Institute (AISI). compared to the same period a year earlier. The capacity utilization rate was…
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Zaporizhstal removes equipment from mothballing and partially resumes productionThe Metinvest Group of Rinat Akhmetov and Vadim Novinsky has decided to partially withdraw Zaporizhstal divisions from the hot conservation regime. Zaporizhstal of Metinvest Group has started to inflate blast furnaces No. 3 and 4. Minister of Infrastructure of Ukraine Oleksandr Kubrakov, Chairman…
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Tokyo Steel raises product prices up to 9% in AprilTokyo Steel Manufacturing Co Ltd, Japan's largest electric arc furnace steel maker, said on Tuesday that it will raise the price of steel products by up to 9% in April to reflect higher raw material prices. For the second month now, the company has been raising prices for its steel products…
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China exports slabs to EuropeLike other Asian factories, Chinese suppliers are rushing to export to this market because it is profitable. “Now anyone who can sell a slab to Europe will just sell it,” says a trader from Jakarta. Last week, a Chinese plant sold a 40,000-ton shipment of coiled slabs to Europe at $855/ton FOB…
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US lifts Trump-era steel and aluminum tariffs for UKThe US said on Tuesday it had reached an agreement with the UK to lift tariffs on steel and aluminum imports imposed by former President Donald Trump in 2018. According to Commerce Secretary Gina Raimondo, the US can close the gap between supply and demand for these goods. goods to the US by…
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Worldsteel: Global production of crude steel fell in FebruaryAccording to the latest statistics released by the World Steel Association (worldsteel), crude steel production in the 64 countries included in worldsteel's statistics stood at 142.7 million tonnes in February this year, down 5.7% from the same month. last year. Of these, production in Africa…
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Prices for stainless steel sheet in Europe are risingInfluenced by fluctuations in nickel prices on the London Metal Exchange (LME), stainless steel transaction prices in Europe rose last week. After the first trading day on the LME on March 16, nickel prices fell for three consecutive days. However, European steel mills did not offer their new…
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ArcelorMittal invests in new electrical steel plant in FranceSteel giant ArcelorMittal has announced an investment of more than 300 million euros to build a new electrical steel plant in Mardik, northern France, which is expected to create more than 100 direct jobs. This new plant will specialize in the production of electrical steel for engines used in…
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Ukrainian Metinvest reduces part of its capacityUkrainian steelmaker Metinvest will reduce capacity utilization by up to 30% at its DMK long products mill and iron ore mine in Kryvbas in Kamianske, central Ukraine. Metinvest said that the factories will stop production as the military conflict in the region intensifies. In order to protect…
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