Metallurgy news
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The impact of the ban on Russian coal imports on the steel industry in the EU and the UKThe European Union formally adopted its fifth round of sanctions against Russia on Friday, including a ban on coal imports. Existing contracts must be terminated by the second week of August, which means that until then Russia may continue to receive payments from the EU for coal exports. This week…
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Nippon Steel Blast Furnace No. 1 shut downNippon Steel Corporation, Japan's largest steelmaker, said a furnace water leak could make it difficult to restart production or cut production by about one million tons of steel a year. In response, China Steel Corporation (CSC), Taiwan's largest carbon steel producer, said it has received the…
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Most Ukrainian metallurgists resume production despite hostilitiesThe Ukrainian pipe plant Interpipe is the last company to resume production at its facilities in Dnipro, Nikopol and Novomoskovsk. “First of all, finishing workshops will be launched to refine pipe semi-finished products, railway wheels and wheel sets,” the company said in a statement. "The bulk of…
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Daily steel production in China rose at the end of MarchIndustrial data showed that at the end of March, China's main steel mills had an average daily steel production of about 2.16 million tons. According to the China Iron and Steel Industry Association, the daily output increased by 5.41 percent compared to mid-March. The data showed that at the end…
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Slab deliveries to Turkey soared, all from RussiaTurkey's slab imports picked up again in February after rising in January, reflecting Turkish flats producers returning to restock after a large order of about 200,000 tonnes of Russian slabs was ordered last October. Turkish producers returned to restocking around December when slab prices…
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Low demand for steel sheet due to high prices in TaiwanTo reflect the cost, Taiwan's market price for steel sheet rose to more than NT$32,000 per ton. During this period, subsequent buyers replenished stocks. Thus, after the increase in steel sheet prices, demand slightly decreased. It was expected that demand could recover after the announcement of…
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U.S. crude steel production plummetsU.S. crude steel production for the week ended April 2 was 1.724 million tonnes, down 0.1% from the same period a week earlier, and down 3.5%, according to statistics from the American Iron and Steel Institute (AISI). compared to the same period a year earlier. The capacity utilization rate was…
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Zaporizhstal removes equipment from mothballing and partially resumes productionThe Metinvest Group of Rinat Akhmetov and Vadim Novinsky has decided to partially withdraw Zaporizhstal divisions from the hot conservation regime. Zaporizhstal of Metinvest Group has started to inflate blast furnaces No. 3 and 4. Minister of Infrastructure of Ukraine Oleksandr Kubrakov, Chairman…
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Tokyo Steel raises product prices up to 9% in AprilTokyo Steel Manufacturing Co Ltd, Japan's largest electric arc furnace steel maker, said on Tuesday that it will raise the price of steel products by up to 9% in April to reflect higher raw material prices. For the second month now, the company has been raising prices for its steel products…
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China exports slabs to EuropeLike other Asian factories, Chinese suppliers are rushing to export to this market because it is profitable. “Now anyone who can sell a slab to Europe will just sell it,” says a trader from Jakarta. Last week, a Chinese plant sold a 40,000-ton shipment of coiled slabs to Europe at $855/ton FOB…
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