Metallurgy news
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Steel production in Japan declined in 2022According to the Japan Iron and Steel Federation (JISF), Japan's steel production in 2022 was 89.23 million tonnes, down 7.4% from 2021, the first decline in two years. The decline was mainly due to a slowdown in the recovery of auto production and reduced demand for exports amid a sluggish global…
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US Steel Kosice operates on all three furnacesSlovak steelmaker US Steel Kosice has resumed operation of all three furnaces. Earlier this week, the company restarted its second blast furnace, which had been idle for 60 days of maintenance in September, meaning all of its units are running. He restarted the first blast furnace, which he says…
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Imports of hot-rolled steel to Turkey decreasedAccording to the Turkish Statistical Institute (TUIK), Turkey imported about 4.4 million tons of hot rolled coil from January to November 2022, down 15% from the same period a year ago. While imports from China more than quadrupled to 700,000 tons, imports from Russia and Ukraine fell sharply…
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Crude steel production in China fell in December 2022According to statistics released by the National Bureau of Statistics (NBS) of China, in December last year, China's steel and iron production was approximately 77.9 million tons and 69 million tons, down 4.5% and 1.5% from the previous year. month. as well as a fall of 9.8% and 4.6% year on year…
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Ukrainian exports of semi-finished products decreased in 2022According to the State Customs Service, in December last year, the export of semi-finished products of Ukrainian metallurgical enterprises decreased by 16.2% compared to the previous month and amounted to about 71 thousand tons. At the same time, the export revenue of enterprises amounted to about…
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Steelmaker Hoa Phat posts big loss in fourth quarterHoa Phat Group, Vietnam's largest construction steel company, posted a net loss of nearly VND2 trillion ($84.7 million) in the fourth quarter of last year, higher than a loss of roughly VND1.8 trillion. VND in the third quarter. The company's loss in the third quarter was its first quarterly loss…
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Severstal, NLMK and MMK are trying to resolve the dispute with the Federal Antimonopoly Service amicablyThe largest Russian metallurgical companies Severstal, NLMK and MMK intended to negotiate and reach an agreement with the Federal Antimonopoly Service (FAS) of Russia on the metallurgical monopoly case. Earlier in February 2022, the Federal Antimonopoly Service of Russia believed that MMK, NLMK and…
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The price of copper on the exchange in London has reached another peakCopper on the London Metal Exchange (LME) hit a new high on January 18 when it soared to $9,550.5/t in the session before bouncing back to $9,292/t. According to market analysis, copper prices have rebounded since entry into 2023 on the back of easing epidemic control in Asia and the depreciation…
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Britishvolt crashesBritish electric vehicle startup Britishvolt went into administration on Tuesday and named EY as its administrator. The company's attempts to sell a controlling interest fell through after months of uncertainty and worry for its 300 employees. Last week, Britishvolt said it was in talks about a…
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World Economic Forum predicts global recession in 2023Nearly two-thirds of top economists expected a global recession in 2023, according to a report published by the World Economic Forum. in a survey previously conducted in September last year. Only a third of respondents believe that a global recession is unlikely this year. The latest World Bank…
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