Metallurgy news
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Crude steel production in Germany fell in October y/yAccording to statistics from the German Steel Federation (WV Stahl), steel production in Germany in October this year amounted to about 3.1 million tons, a decrease of 14.4% compared to the same month last year. During this period, the production of hot-rolled steel in Germany decreased by 13%…
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China's daily steel production continues to fall in mid-NovemberChina's daily crude steel production continued to decline in mid-November, with volume down another 52,200 tons per day, or 1.9%, from the previous ten days to an average of 2.76 million tons per day, according to a Mysteel survey. among 247 blast furnaces. (DP) and 85 electric steel plants (EDF)…
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Steel production in Argentina hits a 10-year high in OctoberArgentina produced about 493,000 tons of steel products in October, up 10.1% from the same month last year, according to the Argentine Institute of Iron and Steel Industry (Camara Argentina del Acero, CAA). This was the highest transaction volume since April 2012. During this period, the total…
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India lifts export duties on steel products and iron oreThe Indian government's move to remove export duties on steel could allow plants to increase capacity utilization, although exports and prices will be driven by demand. Tariffs pushed India's finished steel exports down in October to a more than three-year low of 360,000 tonnes, also down 66% from…
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ArcelorMittal Brazil chief says capital spending is slowing down due to lower steel demandArcelorMittal SA's Luxembourg-headquartered Brazil head MT.LU said on Thursday that he expects capital expenditures to fall as demand for steel falls. “The world will be consuming less steel, so we can delay some investment a bit,” Jefferson de Paula said. "For example, if we're going to buy some…
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RUSAL sales bounce back after LME decides not to ban Russian metalsRUSAL, Russia's leading global aluminum supplier, said its 2023 sales rebounded after the London Metal Exchange (LME) decided not to impose a ban on the trading and storage of Russian metals in its system. It was understood that RUSAL had already sold more than 76% of its primary aluminum and…
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MMK's environmental projects were highly appreciatedThis year, MMK launched a new aspiration system with a cleaning efficiency of more than 99%. His significant contribution to environmental protection was jointly praised by the Ministry of Natural Resources and Ecology of the Russian Federation, the Ministry of Energy of the Russian Federation and…
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Iron ore price rises as Chinese demand hopes persistIron ore prices continued to rally as traders clung to hopes that recent policy moves in China will spur demand. Overall, sentiment remained bullish despite October data showing new home prices fell at the fastest pace since 2015. Futures for steel and other metallurgical resources in China also…
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Andrew Forrest donates $500 million to the Ukraine Reconstruction FundAustralian iron ore magnate Andrew Forrest announced on Thursday a $500 million commitment to set up a $25 billion international investment fund to help Ukraine recover. According to a press release from the Forrest Tattarang family office, the Green Growth Initiative in Ukraine will focus on…
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Outokumpu reaches agreement to sell Argentine subsidiary MirgorOutokumpu, Europe's leading stainless steel producer based in Finland, has announced an agreement with Mirgor, an Argentinean consumer electronics and auto parts manufacturer, on terms for the sale of a 100% stake in its Argentinean subsidiary, Outokumpu Fortinox. SA Fortinox will continue as the…
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