Metallurgy news
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Poland received a fine from the EU, this time a million euros a dayAnother million euros is now added to the daily penalty of half a million euros for not stopping production at the Turuv mine near the border with the Czech Republic. The Turuv brown coal mine and the power plant of the same name are owned by PGE Górnictwo and Energetyka Konwencjonalna. The power…
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Rod mills are a popular product range of NKMZIn the division of mining and forging and pressing equipment of NKMZ, the manufacture of a rod mill with a central unloading MSC 3600x4500, intended for grinding iron ore, has been completed. Mills of this type are installed in the first stage of grinding and are the first to receive the largest…
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Critical magnesium deficiency in Europe threatens steel productionEuropean industry officials have warned that the EU must take action and ensure a stable supply of magnesium, as magnesium reserves will be depleted by the end of November, jeopardizing the production of various industries, including the steel industry. The global annual demand for magnesium is 1.2…
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World steel production in September 2021World crude steel production for 64 countries reporting to the World Steel Association (worldsteel) was 144.4 million tonnes in September 2021, down 8.9% from September 2020. Steel production by region Africa produced 1.4 Mt in September 2021, up 51.0% over September 2020. Asia and Oceania produced…
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POSCO Reports Highest Quarterly Profit for Q3South Korean steelmaker POSCO reported the highest quarterly operating profit in the third quarter, as steel prices rose on lower shipments from China. POSCO, the world's sixth largest steelmaker, said Monday that its consolidated operating income for the July-September quarter was 3.1 trillion won…
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JSPL Highlights Negative Impact of Further Rising Steel PricesJindal Steel and Power Limited (JSPL) says that further increases in global steel prices will make it unaffordable for customers, which in turn could have serious negative consequences for the entire sector. Sharma, JSPL's managing director, said the company does not expect steel prices to rise…
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US steel mills operate at 85.3% of production capacityThe weekly crude steel production data released by the American Steel and Steel Institute (AISI) showed a significant increase in production for the week ending October 16, 2021. Weekly production grew by a significant 21.5% over the previous one. year. US crude steel production was 1.882 million…
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thyssenkrupp achieves climate neutrality 20 years ahead of scheduleThe main goal of sustainable development will be achieved by the company 20 years ahead of schedule. thyssenkrupp Materials Services reaffirms its own sustainability ambition and significantly expands its climate protection targets: the company will be climate neutral globally by 2030 - roughly 20…
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Production and consumption of rolled metal in Ukraine for 9 months 2021In January-September 2021, Ukrainian metallurgical enterprises produced 14,490,000 tons of rolled metal (105.6% compared to the same period in 2020), of which about 11,490,000 tons, or 79.3%, were exported. In the same period in 2020, the share of exports was about 82.5% (11,310,000 tons with a…
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How will the lawsuit against Nippon Steel affect the production of Toyota cars?Japan's Nippon Steel Corp is suing Toyota Motor Corp's customer to stop manufacturing and selling vehicles containing specialty steel made by rival Chinese supplier Baoshan Iron & Steel Co Ltd (Baosteel), which it is also suing. Nippon Steel is suing Toyota and Baosteel in a Tokyo court for patent…
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