Metallurgy news
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Egypt ranked among the world's largest steel producers in 2020The World Steel Association (Worldsteel) released a report stating that Egypt was ranked 20th among the world's largest steel producers in 2020. The report provides a comprehensive overview of the global steel industry, including facts on crude steel production, use and global trade flows. “We have…
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World's first 3D printed steel bridgeThe first ever 3D printed steel bridge opens in Amsterdam, the Netherlands. It was created by a robotic arm using welding torches to layer the structure of the bridge and made from 4,500 kg of stainless steel. The 12-meter long MX3D bridge was built by four commercially available industrial robots…
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MMK starts production in TurkeyMetalurji, a subsidiary of the Russian MMK in Turkey, has started pilot production of hot rolled coils. The company has already invested about US $ 40 million in restarting production facilities. It is planned to produce about 2 million tons of hot-rolled coils per year after reaching 100%…
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Severstal aims to reduce carbon emissions by 2030According to the report, Russian steel producer Severstal has set a medium-term carbon footprint and expects carbon emissions per tonne of steel to decline by 10% by the end of 2030. They wanted to achieve the medium-term goal through plans such as technological transformation of production…
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Vietnam freezes imports of Indian and Chinese rolled metal productsThis week, Vietnamese importers agreed to higher prices for re-rolling of hot rolled coils. Demand for rolled metal products has decreased due to isolation measures in Ho Chi Minh City to combat the pandemic. On the other hand, a cut in production in China will reduce Chinese supplies from the…
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China will cut steel exports in 2021Steel exports from China will fall this year due to government policies to reduce or maintain crude steel production at 2020 levels, said one executive at major producer Hebei Iron & Steel (Hesteel). Steel exports from the country are expected to decline in 2021 compared to last year, while imports…
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EUROFER on effective protection against carbon leakageOn July 14, the European Commission's “Fit for 55” package was released, which will revise the EU's climate and energy policies. The new policy aims to reduce carbon emissions by 55% from 1990 levels. Axel Eggert, CEO of EUROFER, commented on the new policy, according to which the European…
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US court defends Trump hike in steel tariffs from TurkeyThe U.S. Court of Appeals for the Federal Circuit ruled on July 13 that former President Donald Trump was entitled to double the tariff on Turkish steel imports from 25% to 50% under section 232, thereby overturning a 2019 U.S. Court of International Trade decision that to such actions. The court…
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ArcelorMittal Sestao to become a zero CO2 plantArcelorMittal's Spanish plant in Sestao will be the world's first steelmaker with zero CO2 emissions throughout the entire production process. This will be possible through the use of green hydrogen and electricity from renewable energy sources. The project is part of a memorandum of understanding…
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What will happen after the abolition of the export duty in RussiaRussia is considering longer-term measures to capture the majority of mining companies' profits after the temporary export tax ends at the end of this year. Last month, the government announced tariffs of at least 15% on exports of steel, nickel, aluminum and copper from August 1 - at varying rates…
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