Metallurgy news
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May 2022 New Steel Capacity OverviewData from the latest investment in production and capacity by large steel producers was announced this month. Europe The German company Elbe-Stahlwerke Feralpi (ESF) has awarded Danieli a contract to build a new section mill at its Rize site. The unit contains sixteen rolling stands, a finishing…
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Zaporizhstal: production results in May 2022In May 2022, Zaporizhstal produced 157.5 thousand tons of pig iron, 131.7 thousand tons of steel, shipped 121.2 thousand tons of rolled products. the same period last year is associated with a shortage of raw materials and logistical problems caused by full-scale military operations on the…
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Vina Roma offers Vietnam to build a plant for the production of thick steelVina Roma Quang Tri Steel joint-stock company has put forward a proposal to build a steel plant with a capacity of 4.5 million tons per year in Quang Tri, central Vietnam. The provincial government announced on May 27 that the proposed Quang Tri Iron and Steel Complex will produce structural steel…
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British steel and aluminum exporters begin duty-free exports to the USExporters of steel and aluminum in the UK no longer need to pay duties on exporting materials to the US, with some volumes allowed to export duty-free from 1 June. In March, the US announced that it would replace Section 232 steel and aluminum tariffs on UK supplies with a quota system. Up to…
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Export sales of hot-rolled steel from India blocked by new tariffsThe Government of India recently announced a 15% export duty on steel products, including hot rolled coil (HRC), which is hindering the export sales of Indian steel mills. Vietnamese company Formosa Ha Tinh Steel recently offered discounts on domestic prices for deliveries in July-August. Chinese…
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Global steel production fell 5% in Aprilworldsteel data shows global crude steel production stood at 162.7 million tonnes in April, down 5.1% from the same month in 2021. This is the ninth month in a row that a decline has been recorded compared to last year. The decline, which began in mid-2021, was initially due to rising gas and…
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Worldsteel: Turkish steel production fell in January-April due to higher energy pricesAccording to statistics released by the World Steel Association (worldsteel), Turkey's steel production in April this year was 3.4 million tons, up 1.6% from the same month last year. In the first four months of this year, Turkey's crude steel production was 12.8 million tons, down 3.2% from last…
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British Steel secures government funding for green hydrogen researchBritish Steel has received funding from the UK government to conduct a feasibility study on switching from natural gas to green hydrogen as the fuel source for its reheat furnaces. If the study is successful, British Steel will conduct an industrial-scale demonstration during which the technology…
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Global stainless steel production to grow by 4% in 2022MEPS predicts that global crude stainless steel production will reach 58.6 million tonnes this year. Growth is likely to come from businesses located in China, Indonesia and India. Melt activity in East Asia and the West is expected to remain limited. Stainless steel production in China recovered…
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War in Ukraine Disrupts Trade Patterns - IrepasThe war in Ukraine is changing trade patterns and creating new opportunities for other steel-producing countries besides Russia and Ukraine, participants in a meeting of the International Association of Exporters and Rebar Manufacturers (Irepas) this week in Istanbul said. For example, the war led…
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