Metallurgy news
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Steel exports from Japan fellJapan exported a total of about 21.9 million tons of steel products in the first eight months of this year, down 4.4% from last year, according to statistics from the Japan Iron and Steel Federation (JISF). Among them, exports to South Korea accounted for the largest share, amounting to about 3.7…
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Pig iron production in Russia decreased in January-AugustAccording to the Federal State Statistics Service (Rosstat), over the eight months of this year, pig iron production in Russia decreased by 3% compared to the same period last year, amounting to 34.6 million tons. In August alone, pig iron production in Russia amounted to 4.3 million tonnes, down…
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Demand and prices for Russian slabs stabilizedTrading prices for slabs from Russia remained largely in the same range in September, with purchases traditionally made by Turkey and Europe. At the same time, the Russian Far East lagged behind amid sluggish sentiment in the market for finished flat products. In fact, in September, Asia emerged as…
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Nippon Steel and ArcelorMittal JV to Spend $5B to Increase CapacityIndian joint venture ArcelorMittal and Nippon Steel will invest 410 billion rupees ($5 billion) to increase crude steel production capacity by 6 million tonnes a year at its Hazira plant, the Japanese company said on Wednesday. The AM/NS India joint venture will build two blast furnaces, as well as…
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Ukrainian plants operate at 15% of steel production capacityCurrently, there are six metallurgical enterprises operating in Ukraine, the average capacity utilization of which is about 15% of the pre-war level, says Alexander Kalenkov, president of the national metallurgical association Ukrmetallurgprom. “The situation at the mining enterprises looks a…
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Explosion at Kaiser Aluminum plant will affect US productionOn September 24, an explosion occurred at the Kaiser Aluminum plant in Sherman, Texas due to equipment damage. The company expected the accident to reduce the production of scrap-produced aluminum alloy profiles as production would be halted, although the exact scale is not known. If production…
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Posco to resume production in DecemberAfter being hit by a typhoon in early September, Posco is currently overhauling its equipment. Part of the equipment resumed production, and part of the production was transferred to another plant. Posco was expected to resume full production in December. According to Posco, the stock of most…
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Kazakhstan plans to extend the ban on the export of scrap metalThe government of Kazakhstan planned to extend the ban on the export of scrap metal, but first it will discuss whether this should be done before October 5. If the extension is confirmed, the ban will be extended for another six months to avoid issues such as domestic stock shortages due to scrap…
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Russian Railways lowers tariffs to encourage the transportation of semi-finished productsJSC Russian Railways (RZD) has announced a reduction in tariffs for the transportation of containers and steel semi-finished products in certain areas, Kallanish notes. “From this month, an 11.1% discount is introduced for the export transportation of steel billets and slabs from the Novolipetskaya…
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Posco Cuts Stainless Steel Production by 100,000 TonsSouth Korean steelmaker Posco says the economic downturn has hit the stainless steel market and it will cut production by 100,000 tonnes from September through the end of the year. Flooding caused by a recent typhoon flooded the Pohang plant, and stainless steel production lines could not resume…
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