Metallurgy news
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EU and Kazakhstan establish strategic partnershipAt the Global Conference on Climate Change (COP27) in Egypt, European Commission President Ursula von der Leyen and Kazakh Prime Minister Alikhan Smailov signed a Memorandum of Understanding (MoU) establishing a strategic partnership between the EU and Kazakhstan. The agreement is aimed at ensuring…
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Vietnamese mills turn off blast furnaces to surviveTwo Vietnamese companies shut down their blast furnaces to minimize financial losses. Vietnam's Hoa Phat Group will shut down two blast furnaces at its Hoa Phat Dung Quat plant this month and plans to shut down a third blast furnace at the plant next month. Only one blast furnace will operate…
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Demand for steel pipes in Russia increased in 2022Steel pipe consumption in Russia is forecast to increase by 10%-15% to 10.3-10.6 million tons by the end of this year due to rising demand from crude oil and natural gas. Russian factories produced about 9 million tons of steel pipes from January to September, up 15.2% year-over-year, as steel pipe…
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Blast furnace capacity utilization in China falls for third weekThe blast furnace (FF) utilization rate among 247 Chinese steel mills surveyed by Mysteel fell another 1.32 percentage points on the week for the third consecutive week to 86.31% compared to the period Oct. 28 to Nov. 3, indicating that some of the surveyed factories continued to operate…
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The Turkish division of the Russian MMK, suspended the operation of electric arc furnacesMMK Metalurji, the Turkish arm of Russia's MMK, has suspended its electric arc furnaces due to low demand and high electricity costs. The resumption of operation of MMK Metalurji furnaces will depend on orders in December. MMK Metalurji stopped its furnaces in early September and early October due…
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Japanese JFE cuts production to stabilize pricesJapan's JFE has announced that it will reduce its annual crude steel output and raise its profit target for the full year. JFE agreed to cut production to stabilize the price and announce confidence. JFE's actions, also the first to be announced by Asian plants, contrast with continued production…
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Steel production in Spain rose in SeptemberAccording to statistics from the Spanish Association of Steel Producers (UNESID), Spanish steel production in September was 1.01 million tonnes, up 50.1% from the previous month but down 19% year on year. For the nine months of this year, steel production amounted to 9 million tons. In September…
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ArcelorMittal idles one blast furnace at Fos-sur-MerArcelorMittal is preparing to shut down one blast furnace at its coil manufacturing facility in Fos-sur-Mer in southern France, the company confirms. The production limitation is a result of the continued decline in coil consumption in the European market and the impact of high energy costs. The…
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China's steel mill inventories fall to 9-month lowInventories of five key carbon steel products, including rebar, wire rod, hot rolled coil, cold rolled coil and plate, held at 184 Chinese steel mills surveyed by Mysteel continued to deplete between October 27 and November 2, falling for the second time. week in a row another 3.6% weekly increase…
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Steel production in Turkey fell in SeptemberTurkey's crude steel production fell 19% year-on-year to 2.7 million tonnes in September, according to the Turkish Iron and Steel Producers Association (TCUD). The volume of production for the first nine months was 27.3 million tons, which is 9.3% less than a year earlier. Export of steel from…
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