Metallurgy news
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Worldsteel: Global Crude Steel Production Falls in AprilAccording to statistics released by the World Steel Association (worldsteel), global crude steel production in April this year was almost 163 million tons, down 5.1% from the same month last year. Of these, production in Africa decreased by 5.4% to 1.2 million tons, in Asia it decreased by 4% to…
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Export of semi-finished products from Ukraine fell in January-AprilExport of semi-finished products from Ukraine for the first four months of this year amounted to about 1.2 million tons, which is 55.3% less than last year. The value of exports fell by 45% to approximately US$707.8 million. Among them, Italy was the leading country that imported the most…
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Steel production in Japan fell by 4.4% in AprilJapan's crude steel output fell 4.4% year-over-year in April, the Japan Iron and Steel Federation said on Monday as manufacturers responded to sluggish demand from the auto sector due to a prolonged supply chain crisis and restrictions imposed by China. related to COVID-19. Production in Japan, the…
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EU carbon tariffs have had limited impact on China's steel industryAt the Singapore Iron Ore Forum on May 17, Chinese steel experts said the upcoming EU Carbon Border Management Mechanism (CBAM) should not have much of an impact on China's steel industry. Due to strong domestic demand for steel in China, the share of exports in total steel production is relatively…
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One fifth of Russian exports affected by sanctionsThe EU has banned the import of iron, steel and coal from Russia (since mid-August 2022), as well as cement, rubber, timber, seafood and alcohol. The United States banned the supply of oil and petroleum products, LNG, seafood and diamonds. The UK has imposed restrictions on imports from Russia of…
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Belgorod region plans to create a SEZ "Green Steel"A special economic zone (SEZ) "Green Steel" will appear on the territory of the Stary Oskol urban district of the Belgorod region, the press service of the regional government reports. The implementation of the project provides for the investment of more than 212 billion rubles of investments and…
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ASEAN countries expect Ukrainian-Russian war to have short-term impact on steel tradeThe Southeast Asian Iron and Steel Institute (SEAISI) commented that the Ukrainian-Russian war could cause trade difficulties for the ASEAN region. Six ASEAN countries are net importers of semi-finished and finished steel products. Russia is one of the main sources of some semi-finished and…
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Vallourec decides to close factories in France and GermanyFrench steel pipe maker Vallourec mentioned in its first quarter financial report that it is reorganizing its European business structure and downsizing its organization to focus on European operations. The Group is closing the heat treatment line at Saint Solvay in France and the thread cutting…
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Indian metallurgists furious over unexpected high export dutiesIndia's sudden and unexpected revision of export duties on steel products is likely to lead to short-term uncertainty and long-term structural ramifications in global steel markets, S&P Global Commodity Insights sources said May 23. The Ministry of Finance said that since May 22, India has…
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Decarbonization of China is a costly task for the metals sectorChina's lofty ambitions of peaking carbon emissions by 2030 and achieving carbon neutrality by 2060 have pushed major Chinese steelmakers to develop a greener production path as they increasingly show interest in developing direct reduced iron or DRI plants using hydrogen and natural gas. But…
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