Metallurgy news
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Metinvest in the first quarter sharply reduced the production of key types of metal productsThe largest Ukrainian mining and metallurgical holding Metinvest B.V. (Metinvest) in the first quarter of 2022 reduced steel production by 8% compared to the same period last year, and by 25% compared to the previous quarter - to 1.962 million tons, reduced pig iron production by 15% and 31%, to…
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Green Steel Demands Halving Hydrogen PricesA study by Hydrogen Europe has calculated that the cost of delivering hydrogen in Europe should be below 3 EUR/kg for green steel projects using hydrogen to break even. According to a report seen by Callanish, hydrogen prices in Europe are now around 5.3 euros/kg. Hydrogen Europe believes that the…
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Toyota to stop production lines at 8 plantsToyota Motor Corp. announced on May 10 that it would be suspending 14 production lines at 8 plants in Japan from May 16 to May 21 as a long COVID-19 lockdown in Shanghai made it difficult to procure components. Stopping production will cut production by about 30,000 units. The longest pause, which…
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US President Biden may lift some tariffs on Chinese importsUS President Joe Biden said the White House is reviewing the sanctions imposed by former President Donald Trump. These measures have driven up the price of everything from diapers to clothes to furniture. Therefore, he could eliminate some of the tariffs levied on goods imported from China. Tariffs…
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EU to set final duties on steel imports from Turkey and RussiaThe European Commission (EC) plans to impose final anti-dumping duties on European Union imports of hot-dip galvanized steel coils from Russia and Turkey following an investigation into alleged dumping, according to a May 10 Commission document circulated to interested parties. . The Commission…
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Flat steel imports to Turkey up in Q1According to the Turkish Statistical Institute (TUIK), in the first three months of this year, Turkey imported a total of about 2.11 million tons of flat steel products, up 5.5% over the same period last year. Among them, imports in March alone amounted to almost 607,000 tons, down 27%…
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UK imposes sanctions against Russian steelmaker EvrazThe UK government has imposed sanctions on the Russian company Evraz. This is stated in the message of the Ministry of Foreign Affairs of the United Kingdom. According to the British Foreign Office, the company operates in the steel and mining industries and is of strategic importance for the…
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Another zinc production plant may appear in RussiaIn February 2020, Polymet Engineering launched a project to build a zinc plant in Verkhny Ufaley, Chelyabinsk Region. The launch of a zinc plant with a capacity of 120 thousand tons of metallic zinc is scheduled for October 2023. It remains to be hoped that the situation in the world will not…
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Stainless steel prices rise amid nickel price trendThe current low levels of stainless steel inventories both within China and abroad have provided strong support for stainless steel prices, while flat supply and demand have not contributed to the rise in nickel prices. Stainless steel prices in Shanghai yesterday (May 9) rose against the trend in…
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Export steel prices in China stabilized after the holidaysChinese steel export prices were largely stable both during and after the Labor Day holiday from April 30 to May 4, market sources said, noting that export sales were fairly calm. As of May 5, the export price of 4.75mm (HRC) SS400 hot rolled coil of Chinese origin was $815 per tonne FOB from the…
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