Metallurgy news
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Steel production in Kazakhstan for three quarters increased by 17.7%During September 2021, Kazakhstan smelted 411 109 tons of crude steel (a month earlier - 372 869 tons). Production growth on an annualized basis - 16.3%. For 9 months, the indicators increased by 17.7% to 3,380,160 tons, according to the Bureau of National Statistics of the Agency for Strategic…
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Steel production in Ukraine increased in January-SeptemberAccording to the statistics of the Association of Ukrainian Metallurgists, in the first nine months of this year, Ukraine produced a total of about 16.3 million tons of steel, which is 6.3% more than in the same period last year. During the reporting period, the volume of pig iron production in…
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Growth in global steel demand in 2021 reduced due to ChinaThe World Steel Association (worldsteel) today released an updated version of its short-term forecast (SRO) for 2021 and 2022. Worldsteel predicts that steel demand will grow by 4.5% in 2021 to reach 1,855.4 million tonnes after rising 0.1% in 2020. Steel demand will rise 2.2% in 2022 to 1,896.4…
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BHP and Posco investigate the process of decarbonization of steelBritish Australian resource company BHP is investing up to $ 10 million over the next five years to develop technology to reduce greenhouse gas emissions from steel production in partnership with South Korean steelmaker Posco. The two companies have agreed on an initial pilot and factory test deal…
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Steel exports from China fell to 2021 low in SeptemberSteel exports from China slowed in September to their lowest level since December 2020 due to the country's export control policies, as well as weaker demand in Southeast Asia due to the Covid-19 lockdown. Most of the steel export shipments in September were spot orders received in July and early…
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Ukraine has increased the production of steel pipes in 9 monthsIn January-September 2021, Ukrainian metallurgists smelted 16.294 million tons of steel. Annual production growth reached 6.3%. Production of finished metal products in the first three quarters of 2021 amounted to 14.485 million tons, which is 5.6% more than the output of the same period in 2020…
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Imports of flat products to Russia increased in the first 8 months of 2021During January-August 2021, the Russian Federation imported 3.825 million tons of rolled metal. Annual growth was 10.9%. In August, the volume amounted to 0.429 million tons, or 81.6% of the July level, according to the customs service. Imports of ferrous metals, excluding pig iron, ferroalloys and…
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UK Steel Group Demands Immediate Anti-Crisis ActionUK Steel Group has warned that it may be forced to close steel mills in the absence of substantial government assistance. UK Steel, the group representing the steel sector to the government, has called on the government to help the industry overcome the crisis caused by soaring energy prices…
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Insane growth continues in Turkish scrap metal marketThis week, Turkish mills further increased purchase prices for scrap metal on the domestic market, Callanish said. This is mainly due to the weakening of the lira and the sharp rise in the price of imported scrap over the past two weeks. Meanwhile, the mills continue to buy imported scrap at higher…
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Iron ore prices decline due to reduced steel productionIron ore prices fell as investor attention shifted back to control of China's steel production. According to Fastmarkets MB, a 62% iron benchmark ore imported into North China changed hands at $ 129 a tonne, down 4.6% from Monday's close. “China's plans to increase flat products production this…
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