Metallurgy news
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China Steel Market Prospects in 2023The global economy is expected to be in a significant recession in 2023. In this situation, global demand, including for steel, may decline. As for China's domestic market, due to China's economic stabilization policy package, investment in infrastructure construction will continue to rise in 2023…
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French Air Liquide completes construction of hydrogen pipeline for ThyssenKruppAir Liquide, an industrial gases company in France, has completed a 4 km hydrogen pipeline to the ThyssenKrupp plant in Duisburg, and the line is part of the H2Stahl laboratory sponsored by the German Federal Ministry for Economics and Climate Protection. In 2019, ThyssenKrupp and Air Liquide…
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Brazil's Vale iron ore exports fall in NovemberVale, a Brazilian multinational metals and mining corporation, exported about 19.3 million tons of iron ore in November, down 25.9% year-on-year, according to the National Union of Iron and Non-Ferrous Metals Industries of Brazil (Sinferbase). . year on year and down 8.2% on a monthly basis…
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Stocks of stainless steel producers in China are gradually risingIn the last week of 2022, Tsingshan Holding Group lowered the AISI 304 futures price for 2023/January-February delivery, hoping to maximize inventory before the Chinese New Year and ease pressure. At present, due to the strong epidemic in China, it is difficult to predict the market dynamics after…
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India charges China with duties on stainless seamless pipesIndia has imposed anti-dumping duties on imports of seamless pipes and stainless steel pipes originating from China. This decision follows the recommendation of the DGTR to impose duties equal to a lower dumping margin and a damage margin in order to eliminate the damage to the domestic industry…
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China's daily crude steel production declines in mid-DecemberIn mid-December, daily crude steel production at China's key smelters was about 1.96 million tonnes, down 1.15% from early December. At the same time, the daily output of pig iron and metal products slightly decreased by 0.58% to 17.73 million tons and increased by 0.95% to 1.92 million tons. In…
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Worldsteel: global steel production fell in NovemberAccording to statistics from the World Steel Association (worldsteel), global crude steel production in November this year was about 139 million tons, down 2.6% from last year. Among them, Asian crude steel production reached 101.4 million tons, an increase of 2.7% year on year, of which China's…
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Italian company Acciaierie d'Italia receives funds to decarbonize its Taranto plantAccording to a statement from the European Commission, it will allocate 1 billion euros to Italy to help bring about climate change in the province of Taranto. These investments will be used to diversify the economy and create jobs in green sectors such as renewable energy. The main plant of the…
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Salzgitter supplies steel pipes for LNG pipelines in GermanyGerman steel group Salzgitter AG said its subsidiary Mannesmann Line Pipe GmbH has received an order for the pipeline from German energy operator EWE NETZ GmbH. As a result, a new LNG pipeline will be built, which will make a significant contribution to the expansion of the LNG infrastructure in…
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By 2030, SAIL's production capacity will be increased to 33 million tonsSteel Authority of India Limited (SAIL) recently announced that it plans to increase annual production from 19.6 million tons to 33 million tons by 2030. With the launch of the SAIL expansion plan, the annual capacity of the Bokaro plant will also increase from 4.6 million tons to 8.6 million tons…
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