Metallurgy news

• ArcelorMittal invests in new electrical steel plant in France Steel giant ArcelorMittal has announced an investment of more than 300 million euros to build a new electrical steel plant in Mardik, northern France, which is expected to create more than 100 direct jobs. This new plant will specialize in the production of electrical steel for engines used in... 22.03.2022  11:33

• Ukrainian Metinvest reduces part of its capacity Ukrainian steelmaker Metinvest will reduce capacity utilization by up to 30% at its DMK long products mill and iron ore mine in Kryvbas in Kamianske, central Ukraine. Metinvest said that the factories will stop production as the military conflict in the region intensifies. In order to protect... 22.03.2022  11:30

• The market expects sharp fluctuations in steel prices The Russo-Ukrainian war has led European and American countries, as well as Japan, to impose economic sanctions against Russia, which could cause tension in the global supply chain of raw materials and lead to higher steel prices in the future. According to statistics, in 2021 Russia produced 76... 28.02.2022  13:12

• Ukrainian metallurgical plants announced the shutdown of production lines According to the report, the Ukrainian group Metinvest explained that the operation will be suspended after the current iron and steel is used up, in order to protect the safety of employees and equipment, they expected the suspension for a week and the situation will determine the... 28.02.2022  13:07

• Ukraine in the world ranking of metallurgical production in January 2022 According to Worldsteel, in January 2022, metallurgical enterprises of the countries of the world produced 115.56 million tons of pig iron, of which 107.01 million tons were smelted by the blast-furnace method and 8.55 million tons by the direct renewal method. The current figures are 6.41% below... 23.02.2022  11:08

• CSC Steel's FY21 profit more than doubled Taiwanese steel maker CSC Steel Holdings Bhd more than doubled net income to RM86.09 million for the fiscal year ended December 31, 2021 (FY 2021) from RM37.0 million in the prior year, driven by improved product margins due to upward trend in selling prices. The coiled steel maker said that... 23.02.2022  10:02

• Nickel prices on the LME continue to rise on fears of a Russian-Ukrainian crisis The price of nickel on the London Metal Exchange (LME) rose for six trading days in a row. The price hit an 11-year high yesterday (February 21) closing at $24,400/t. The spot price also rose by $262/t to $24,871/t. The price of nickel as a whole rose $1,093 last week, up 4.7%, a three-week... 22.02.2022  16:50

• US postpones dumping investigations into OCTG from Russia, Argentina and Mexico The US Department of Commerce (USDOC) has postponed a preliminary ruling on an investigation into the unfair value of oil field pipes (OCTG) from Argentina, Mexico and Russia. Applicants including Borusan Mannesmann Pipe US, Inc., PTC Liberty Tubulars LLC, US Steel Tubular Products, Inc., United... 22.02.2022  16:46

• Taiwan and Ukraine become the largest HRC suppliers in the EU in November-December 2021 According to statistics, in December last year, Taiwan became the largest supplier of hot-rolled coil (HRC) in the EU. During the reporting period, Taiwan exported about 56,000 tons of hot-rolled coil to the EU, accounting for nearly 20% of the total EU hot-rolled steel exports in... 22.02.2022  16:44

• Chinese steelmakers expect poor results in Q4 2021 Coal shortages and tighter environmental controls have driven up production costs and indebted property. China Steel Corp, the country's largest steelmaker, said yesterday it would raise steel prices by an average of 2.44% for next month's shipments as local consumers accelerate stockpiling amid... 21.02.2022  09:44