Metallurgy news
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The US is considering a law on mines aimed at limiting the control of Russia and ChinaRepublican Congressman Ken Calvert (CA-42) this week introduced the Mines Exploiting States Surveillance and Investigation Act (MINES) to "hold China and Russia accountable for their efforts to monopolize critical mineral resources around the world, especially in developing countries." countries."…
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European steel industry faces production shutdown due to rising energy pricesEurope's steel industry is being forced to cut production or even shut down due to soaring energy prices, with some operators warning of permanent shutdowns. Germany, which depends to some extent on Russian natural gas, will face additional energy costs of 10 billion euros, equivalent to a quarter…
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Vietnamese buyers order competitive Chinese steel SS400 HRCVietnamese importers continued to order commercial quality hot rolled coil from China last week. Orders for Chinese 3-12mm thick SS400 HRC steel were placed at around $570/t in Vietnam, Vietnamese and Chinese trade sources say. About 20,000-30,000 tons have been booked at $565-575 per ton per…
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Chung Hung raises prices for galvanized products for OctoberChung Hung Steel Corporation (CHSC), a Taiwanese hot-rolled and cold-rolled coil and steel pipe company, has announced its price lists for October. Among them, the price of hot-rolled and cold-rolled steel remained the same, while the price of galvanized steel increased by NT$800/ton. Recently…
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General Motors makes strategic investment in Lithion RecyclingGeneral Motors says it is making a strategic investment in Quebec-based Lithion Recycling Inc. to create a closed-loop ecosystem using Lithion's advanced EV battery recycling technology, Callanish said. The investment will be made by GM Ventures, the US automaker's investment arm. It is investing…
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EU approves €5.2bn funding for hydrogen use in metallurgyThe European hydrogen industry welcomed on Thursday the approval of a €5.2 billion ($5.12 billion) state aid for the region's hydrogen supply chain. “We are pleased to see that the second wave of IPCEI projects has been approved. These projects come at an ideal moment as we seek to reduce our…
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All steel companies of the Tata group merged into Tata SteelThe Board of Directors of the Tata Group approved the merger of all steel companies of the Tata Group into Tata Steel. The board of directors of the company at its meeting on Thursday approved the merger of seven steel companies with the parent steel company Tata Steel Limited. The seven steel…
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Global steel production fell in August despite China's recoveryCrude steel production in the 64 countries reporting to the World Steel Association (worldsteel) decreased in August for the 13th month in a row compared to the same period last year by 3% to 150.55 million tons. India continued to resist this trend, but its production grew more slowly, while…
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The Impact of Sanctions on the Russian Steel IndustryAlthough Western sanctions on the Russian iron and steel industry did not have the desired effect, Russian steel companies were forced to look for other markets and develop new logistics routes for the export of steel, semi-finished products and raw materials. As a result, in the first five months…
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China's daily steel output hits a 3-month high in mid-SeptemberChina's daily crude steel production continued to rise in mid-September, with output rising to a three-month high of 2.89 million tonnes per day on average, up another 25,900 tonnes per day, or 0.9%, from the previous ten days, Mysteel calculated based on a regular survey of 247 blast furnaces and…
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