Metallurgy news
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Tata Steel reaches agreement to sell stake in steel divisionIntegrated steel company Tata Steel Ltd. headquartered in India said it has reached a definitive agreement to sell its 100% stake in Singapore-based steelmaking facility to TS Global Holdings. A final agreement has been reached to sell the entire stake in NatSteel Holdings Pte Ltd for $ 172…
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Japan sues China over stainless steel importsJapan's Ministry of Economy, Trade and Industry (METI) announced that the World Trade Organization (WTO) has set up a Dispute Settlement Commission on September 27 over China's Anti-Dumping Measures (AD) against Japanese stainless products. The Chinese government has introduced AD measures on…
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Steel Exports from India Expect Sharp GrowthIndia is forecast to become more of a steel exporter. The volume of steel exports from the country will increase significantly. Continuing weakness in domestic demand has boosted India's steel exports over the past few months. Until fiscal year 20, the country exported about 5 million tons of steel…
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ArcelorMittal Announces Large-Scale Investment Project at Metallurgical Plant in GhentThe new direct reduction (DRI) plant will use natural gas or hydrogen, which will lead to significant reductions in carbon dioxide emissions. ArcelorMittal, a Luxembourg-based multinational steel company, has announced an investment in a major modernization project at its steel plant in Ghent…
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ThyssenKrupp plans to introduce carbon surchargeGerman steelmaker ThyssenKrupp is considering a carbon surcharge. The company set a carbon price of € 45.93 per tonne and said it produces 2.1 tonnes of carbon dioxide for every tonne of crude steel. A cost of € 96.45 per tonne for every tonne of crude steel will be produced, ThyssenKrupp will have…
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Ukraine in the world ranking of metallurgical production for 8 months of 2021World production of crude steel for 8 months of 2021 is 1321.93 million tons, which is 10.62% higher than the indicator for 8 months of 2020 (1195.00 million tons). The first place belongs to the People's Republic of China, smelted 733.02 million tons, which is 5.28% more than in January-August…
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Metinvest publishes its 2020 annual reportMetinvest, an international vertically integrated group of mining and metals companies (Metinvest or the Group), has published its 2020 annual report. The topic of the report is "Stronger Together". In 2020, as businesses around the world face new challenges from the COVID-19 pandemic, the Group…
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German steel production increasedAccording to statistics from the German Steel Federation (WV Stahl), crude steel production in Germany was around 26.6 million tonnes in the first eight months of this year, an increase of almost 17% over the same period last year. In August alone, steel production in this country reached 2.92…
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Steel Price Rises in China Amid Peak Carbon EmissionsThe Chinese government has imposed dual energy and intensity controls on energy-intensive industries such as steel and cement to meet its carbon peaks and carbon neutrality commitments. Many provinces have been forced to suspend production due to power outages, and steel and other industries are…
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POSCO Idle in Jiangsu Due to Electricity Restrictions in ChinaInfluenced by the latest Chinese government measures to limit capacity, the POSCO stainless steel plant located in Jiangsu, China, is forced to suspend production. The mill was supposed to resume production in early October. In fact, under national control of energy consumption and energy…
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