Metallurgy news
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Hoa Phat exports long products to Europe for the first timeVietnamese steel company Hoa Phat has announced that it will export 10,000 tons of wire rod to Europe. This is the company's first export order for long products to Europe, which will be delivered in February 2023 of the year. Hoa Phat has previously exported hot rolled coil and galvanized steel to…
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The European Investment Bank will provide a loan of 350 million euros to Danieli GroupThe European Investment Bank (EIB) has approved a loan of 350 million euros for the Italian Danieli Group. The loan will help Danieli Acciaierie Bertoli Safau in Cargnacco, Udine, Italy, and Acciaierie Bertoli Safau in Sisak, Croatia, produce recycled steel and help further improve the circular…
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Chinese metallurgy sector expects recovery in demandChina's steel production and prices in 2023 will be driven by the level of recovery in demand compared to 2022, with investment in infrastructure unlikely to pick up and demand outlook in the real estate sector remaining uncertain. China's gross domestic product (GDP) growth is expected to reach…
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Japan's Kyoei Steel raises rebar prices for JanuaryKyoei Steel, Japan's largest rebar maker, is revising its domestic rebar prices for January sales, the company announced on Wednesday, after the Osaka plant added 5,000 yen per tonne ($38 per tonne) last month to sales for the current month. according to Mysteel Global. In a statement, Kyoei said…
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Steel imports to India jumped by 93% in NovemberFinished steel imports to India rose 93% in November, making the country a net importer for the second consecutive month, while exports hovered around a three-year low. Last month's imports of 600,300 t were the highest since October 2019, while finished steel imports from April to November rose…
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European steel mills expect price recoveryMarket participants said that a recovery in demand in Europe could only occur after the Chinese New Year. However, the price of hot-rolled coil (HRC) has almost reached its minimum, and Italian mills have also begun to increase their offers. At present, the stocks in the domestic market are not…
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China Baowu Group to Build Zero-Carbon Sheet Steel PlantChina Baowu Group has published an environmental assessment report for its high value-added steel plate plant in Zhanjiang. This publication indicates that this zero-carbon steelmaking plant is categorized as C3120 steelmaking and is located in the Zhanjiang Economic and Technological Development…
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Ukraine may double steel production in 2023 - UAVtormetThe reduction in the procurement of ferrous scrap in Ukraine this year will amount to 930 thousand tons, which is 77.5% less than a year earlier, according to the Ukrainian Association of Secondary Metals UAVtormet. Steel production in 2022 will be 6.5 million tons, which is 69.5% less, Callanish…
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Export of steel pipes of Ukraine fell in NovemberAccording to statistics, Ukraine's export of steel pipes in the first 11 months of this year amounted to about 375,000 tons, which is 32% less than last year. The value of these exports was approximately US$643 million, down 6.7% from last year. Among them, the USA, Germany and Poland were the main…
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Demand recovery - steel suppliers' holiday wishDuring the holiday season, children around the world look forward to gifts. Similarly, steel suppliers are looking forward to a recovery in demand and prices. The traditional gifting season in Western Europe runs from St. Nicholas Day in early December to January. Current signs suggest that steel…
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