Metallurgy news
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Global crude steel production upIn May this year, total crude steel production in the top 60 steel-producing countries was about 169.5 million tonnes, up 3.7% m/m compared to April and down 3.5% y/y. World crude steel production in the first five months of this year amounted to 792.4 million tons, down 5.1% compared to the same…
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The UK is considering the abolition of anti-dumping duties on Ukrainian rolled metal productsThe UK is considering lifting anti-dumping duties on some steel products from Ukraine due to Russia's military actions in the country, the trade agency said on Friday. Duties can be waived for up to nine months on hot-rolled flat and coiled products (HRFC), which are mainly used in mechanical and…
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European steel prices fell to pre-war levelsEuropean prices for coiled steel continued to decline in May and early June. Service centers and distributors refrained from buying, fearing further price cuts. Mills was looking for orders in the face of declining demand. By mid-June, coil prices in Europe had declined to levels reported prior to…
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Demand for steel in China fallsAccording to Beijing-based commodity consultant Simon Wu, steel mill owners in parts of China are in a bad mood. Steel inventories are slowly building up in warehouses at the country's largest steel center, the northeastern city of Tangshan, as well as in the provinces of Jiangsu and Shandong, said…
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Turkish crude steel production downAccording to the World Steel Association (worldsteel), Turkey produced about 3.2 million tons of crude steel in May, down 5.9% from the previous month and down 1.14% from the same month last year. . In total, Turkey produced about 16 million tons of crude steel in the first five months of 2022…
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Europe returns to coal-fired power generation amid energy crisisMany European countries have tried to reduce their dependence on natural gas and oil exports from Russia. However, this forced these countries to increase the use of coal for electricity generation. The Netherlands planned to remove restrictions on electricity generation from coal and other fossil…
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Tata Steel works on low-carbon technologies for steelmakersIndian company Tata Steel is developing a low-carbon transition plan for steel mills in the UK and the Netherlands to reach the goal of producing carbon-neutral steel in Europe by 2050. Tata Steel Netherlands said it is developing a combination of hydrogen-based direct reduction iron (DRI)…
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UK government to extend steel quotas and tariffsThe UK may extend by two years a package of tariffs and quotas on five steel products to protect the domestic steel industry. A year earlier, the UK applied new rules to protect domestic producers. It was thought that the lifting of steel safeguards would lead to more imports, which could seriously…
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Steel production in Spain fell in April due to high energy costsSpain produced 1.12 million tonnes of crude steel in April this year, hitting a new high in the past five months, but that figure was down 14% year-on-year due to high energy prices, according to statistics from the Spanish Association of Steel Producers (UNESID). . Between April 2021 and April…
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Production of iron and steel in Ukraine decreasedAccording to the Association of Metallurgists of Ukraine Ukrmetallurgprom, in the first five months of 2022, pig iron production in Ukraine amounted to about 4.15 million tons, a decrease of 53.3% year on year. During the reporting period, the production of crude steel in Ukraine amounted to about…
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