Metallurgy news
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Elon Musk started selling Cybertruck-style steel whistlesRenowned American entrepreneur Elon Musk seems to be haunted by Apple's laurels. The billionaire tweeted about Tesla's new product - a steel whistle, which, in his opinion, is better than Apple's famous napkin. “Inspired by the Cybertruck, this limited edition Cyberwhistle is a premium collector's…
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Nippon Steel in talks to acquire a steel mill in Southeast AsiaJapan's largest steelmaker, Nippon Steel Corp, is in talks to buy a steel mill in Southeast Asia to provide ironmaking resources for a growing market and boost its overseas expansion, a senior executive said. “Negotiations are under way to protect ASEAN's iron sources,” Takahiro Mori, executive…
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FeSi prices in China rise as production fallsThe price of 75% FeSi in China rose substantially after seven weeks of decline as of November 26, rising 102 yuan per tonne ($ 16 per tonne) for the week to 8,564 yuan per tonne, including 13% VAT. Sources in the market said the decline in production at smelters provided some support for FeSi…
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India orders state-owned enterprises to operate idle minesIndia's Ministry of Steel has commissioned public sector enterprises (PSUs) to start mining at their dormant mines. Union Metals Minister Ram Chandra Prasad Singh gave the order during a meeting with the CEOs of the Steel Authority of India (Sail), NMDC and Manganese Ore India (MOIL). “The Minister…
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DCE iron ore futures drop 6.5% amid gloomy economic sentimentIron ore demand pessimism dominates China's commodity futures market again, with the most traded iron ore futures contract on the Dalian Mercantile Exchange (DCE) for delivery in January 2022 ending a five-session rally on Friday, falling 6.7% in yuan. 41 /dmt ($ 6.4 /dmt) from Thursday's…
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Beijing Turns to Private Industries to Help Reform MetallurgyA senior official from China's Ministry of Industry and Information Technology (MIIT) said at a recent event hosted by the China Chamber of Commerce and Industry (CCCME) that China's private steel producers are "playing an increasingly important role" in the development of the steel industry. This…
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Germany and the Netherlands receive significant quotas on steel exports to the United StatesGermany and the Netherlands gained the rights to substantial quotas for US steel exports on January 1, 2022, after the US ended its current Section 232 import tariff regime on EU steel in a bilateral deal, according to documents posted on the website. United States Department of Commerce website…
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Japanese steel production up 14% in OctoberJapan's crude steel production, including carbon and special steel, increased in October for eight consecutive months, or 14.3%, to about 8.22, according to data released by the Japanese Iron and Steel Federation (JISF) on November 22nd. million tons. this demonstrates that Japanese mills are…
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Policies Critical to Decarbonization in SteelmakingDespite individual steel mills' own initiatives around the world to reduce carbon emissions from steel production, government policies will be critical to making sustainable and fundamental changes to decarbonization, speakers agreed on November 22 at the SEAISI Sustainability & Construction…
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Chinese factories cut steel prices by reducing the use of iron ore pelletsChina's steel companies have reduced their share of feeding iron ore pellets to their blast furnaces to cut production costs, a strategy to gradually reduce pellet prices, market sources said Wednesday. “Steelmakers in North and East China tend to cut pellet consumption when they find that smelting…
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