Metallurgy news
-
Scrap metal suppliers expect higher prices in TurkeyPost-holiday target prices for scrap metal suppliers are even higher, although there is little supply in the Turkish scrap market due to the ongoing holidays in some supplier countries. The latest booking was confirmed from the EU at an average price of $402 per ton for 30,000 tons HMS 1&2 80:20…
-
Accident at a nickel plant in Indonesia could lead to a rise in nickel prices againThere has been market news that a major nickel mine in Indonesia has suffered an accident at work, leading to protest by a large number of employees, which could affect operations. The incident could again lead to a sharp increase in high world prices for nickel. It became known that a few days…
-
Tata Steel: Britain will need 10 million tons of steelTata Steel UK has indicated that the UK will need more than 10 million tons of steel in the coming years to provide itself with more energy. Among them, the construction of thousands of wind turbines by 2030 will require more than 5 million tons of steel. In addition, by 2050, solar projects and…
-
South Korean steel industry suffers huge losses due to truckers' strikeWhen the Longshoremen Solidarity Union (CTSU) called off the strike, South Korea's logistical difficulties were finally resolved. However, the strike has already resulted in the suspension of the transportation of 920,000 tons of goods, which also meant that the local steel industry suffered a huge…
-
Turkish Yıldız Demir Çelik invests in new smelter and rolling millThe Turkish Ministry of Environment and Urbanization has announced that the Environmental Impact Review and Assessment (EIA) process has begun for a project proposed by Turkish steelmaker Yıldız Demir Çelik Sanayi A.Ş. build a new smelter and rolling mill in Kartepe, Kocaeli province. The project…
-
Russia and India plan to abandon the use of dollars and euros in bilateral tradeRussia and India planned to abandon the use of dollars and euros in bilateral settlements and conduct all trade transactions in rupees and rubles. Zamir Kabulov, head of India at Russia's foreign ministry, said that while it was a decision in principle for both sides, the trade imbalance needed to…
-
KAMET-STEEL resumes production of blast furnacesThe Ukrainian company Kamet Steel (KAMET-STAL), part of the Metinvest group, has resumed the production of blast furnaces. The company had previously been forced to halt production due to power outages due to heavy Russian shelling. During the downtime, Kamet Steel worked to evaluate equipment…
-
Orders of China Steel Corp. for the first quarter of 2023 are growing rapidlyChina Steel Corp. said it is still hard at work on export orders for the first quarter of 2023. As the market trend improves, it is estimated that 150,000-200,000 tons more could be obtained than in the previous quarter. In the fourth quarter of this year, this coincided with the energy crisis in…
-
Ferrexpo owner Zhevago leaves board of directors after arrest in FranceKonstantin Zhevago, the billionaire owner of Ukrainian iron maker Ferrexpo Plc, will leave the board of iron ore pellet maker after he was detained in France at the request of Ukrainian authorities. Zhevago was detained at a hotel in the luxury French ski resort of Courchevel on Tuesday by French…
-
Nickel price rises to $30,000 per ton, pushing up stainless steel pricesThe price of nickel on the London Metal Exchange (LME) continued its upward trend and is currently at $30,000 per tonne. Prices for tin, copper, aluminum and stainless steel also rose. According to market participants, the rise in prices for stainless steel will be sustainable in January next year…
Pages
← previous
next →
