Metallurgy news
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Nickel prices soar to $24,000 per tonThe world prices for nickel rose consistently last week. Nickel futures on the LME rose over $200 last Friday (January 21) to an 11-year high of $24,000/t. At the same time, market stocks monitored by the LME fell to 93,480 tonnes. Nickel prices rose five consecutive weeks as market inventories…
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Steel prices may rise in FebruarySteel consumption in India is growing on a monthly basis and steel prices are expected to stabilize, Seshagiri Rao, joint managing director of JSW Steel, said. HRC (hot rolled coil) steel prices in India hit an all-time high of Rs 70,875 last November. However, due to price pressure and destocking…
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U.S. and Japan promise quick resolution to difficult tariff talksUS President Joe Biden and Japanese Prime Minister Fumio Kishida have vowed to find a speedy solution to ongoing trade and tariff talks while countering China's efforts to "change the status quo" in the East and South China Seas. In a 90-minute video call on Friday (January 21), the two allies also…
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Intel to Build $20 Billion Chip Factories in OhioUS chip maker Intel will spend $20 billion to build two new factories in Ohio. Callanish learned about this from the announcement of the company. Semiconductor factories are receiving $100 million in educational funds "to create a flow of talent and support research programs in the region," the…
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American company plans to smelt the first steel on the Moon in 2024The Houston-based company says the dusty gray regolith scattered across the lunar surface is valuable. Lunar Resources is developing a technology for extracting iron, aluminium, magnesium and silicon from the surface layer of loose lunar soil. The materials obtained by space metallurgists…
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China's largest steelmaker Hebei predicts a 10% decline in production in 2021China's largest steelmaker, Hebei Province, cut crude steel production by 10% in 2021 due to stringent environmental controls aimed at limiting pollution and reducing carbon emissions. The northern province of Hebei, which produces more than twice as much as India's second-largest steel producer…
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Ukrzaliznytsia in 2021 increased sales of scrap metal by 2.8 timesIn 2021, Ukrzaliznytsia JSC successfully held 106 auctions for the sale of scrap metal in the Prozorro.Sales electronic trading system, selling 203.4 thousand tons of scrap worth UAH 1.704 billion. The specified amount is 13.7% more than the starting price of auctions and 2.8 times more than the…
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Novokramatorsky Mashzavod delivered a new crusher to Poltava GOKNovokramatorsky Mashinostroitelny Zavod (NKMZ) has manufactured the second upgraded coarse cone crusher with hydraulic gap control model KKD1500x180 GRShch-M for Ferrexpo's Poltava GOK. The first one was put into operation last summer and proved to be the best. As a result of the improved design of…
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The UK government has decided not to interfere in the domestic carbon marketThe UK government announced on 18 January that the government would not interfere with prices under the influence of the UK Emissions Trading Scheme (ETS). The decision meant that the market would run without intervention in January, although future official options remain open if prices rise…
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ArcelorMittal Poland invests PLN 100 million in the modernization of the Krakow cold rolling millArcelorMittal Poland (AMP) has invested PLN 100 million to refurbish its cold rolling mill at its Krakow plant after announcing a PLN 30 million environmental investment late last year. The renovation was scheduled to be completed by the end of the year. AMP is very interested in investing in the…
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