Metallurgy news
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Profitability of steel companies will almost double in the second half of the yearAccording to the report, steel producers expect better times in the second half of the current fiscal year, as lower costs and strong domestic demand will ease pressure on their margins and boost their operating margin to more than 25%. The rating agency's report said the industry was hit by high…
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China Shagang High Carbon Wire Rod Successfully Passed UK CARES Steel CertificationRecently, China's Shagang SWRH82B and SWRH77B high carbon wire rod factory passed the UK CARES steel certification and became the first factory to be qualified as a high carbon wire rod manufacturer in China. High carbon wire rod SWRH82B and SWRH77B are generally made of stranded wires, springs and…
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POSCO plans to export slabs to get rid of stocks due to floodingAccording to potential buyers of POSCO, POSCO's trading department said it would sell high-quality slabs and open bulk orders from 40,000 to 50,000 tons. POSCO said it is not yet sure how many slabs will be exported as the mill is still calculating losses. POSCO also asked the client to specify the…
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European metal producers face downsizing or shutting down due to high energy costsMany European metal producers could face shutdowns due to high electricity prices as Russia cut off natural gas supplies to Europe and caused energy prices to rise. Therefore, the European Non-Ferrous Metals Association (Eurometaux) has indicated that the EU must deal with the problems. The…
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Dneprovsky Iron and Steel Works reduced costs for the production of steel wire rodPlant "Kametstal" of the Dutch mining and metallurgical holding Metinvest B.V. (Metinvest), created at the facilities of the Dnieper Metallurgical Plant (DMK, Kamenskoye, Dnepropetrovsk region), continues to improve production processes and increase their efficiency. This was reported in the press…
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Apparent consumption of stainless steel in Russia increased by 3.2% in the first half of the yearAccording to the statement of the Russian association Spetsstal, in the first half of this year, 282,110 tons of stainless steel were consumed in Russia, which is 3.2% more than in the same period of 2021. Apparent consumption of cold rolled flat products decreased by 5.8 percent, long products…
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ArcelorMittal stops blast furnace in PolandEurope's largest steelmaker ArcelorMittal will shut down blast furnace No. 3 with a capacity of 2.2 million tons per year at its plant in Dąbrowa Górnicza in Poland at the end of September due to falling demand and rising energy prices. “We are seeing a decrease in demand, which leads to the order…
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Nippon Steel raises steel prices for ToyotaToyota Motor will increase the price of automotive steel it sells to parts makers by about 40,000 yen ($289) a ton in the second half of the fiscal year in October-March after the latest round of talks with Nippon Steel, a Japanese media outlet. says in the report. Nikkei notes that Toyota is…
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Stainless steel production in Russia remained stable in JulyAccording to statistics from the Federal State Statistics Service (Rosstat), Russia's stainless steel production in July this year stood at about 18,700 tons, largely flat from the previous month but down 3.4% from a year earlier. In total, about 147,000 tons of stainless steel were produced in…
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ArcelorMittal to shut down blast furnace in Asturias, SpainEuropean market leader ArcelorMittal is suspending Blast Furnace A at its plant in Asturias, Spain due to weak demand. The plant will shut down at the end of September in response to economic uncertainty and declining confidence among steel consumers, the company said. He also stated that imports…
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