Metallurgy news
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Rebar production in China falls to 2-year lowMost of the mini-factories ceased operations as early as the Chinese New Year (CNY) holiday (January 31 to February 6) and their production had not yet recovered during the study week. In contrast, while many integrated factories operated normally during the yuan break, production among many in…
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Ecolant starts construction of a direct reduction electric arc furnace steel plantEcolant, owned by OMK owner Anatoly Sedykh, a Russian manufacturer of steel pipes and railroad wheels, told S&P Global Platts that it has laid the groundwork for the construction of a 1.8 million tonne-per-year direct reduction electric steel plant in Vyksa at a cost of RUB 150 billion (2 billion…
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The results of the production of metallurgical enterprises of Ukraine in January 2022In January 2022, the metallurgical sector of Ukraine issued: sinter - 2.79 million tons (101.3% compared to January 2021); gross coke (6% vol.) - 0.81 million tons (95.5%); pig iron - 1.77 million tons (98.2%); steel - 1.85 million tons (100.7%); rolled products - 1.67 million tons (100.6%); pipe…
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The Dutch prosecutor's office launched an investigation into pollution at Tata SteelDutch prosecutors have announced an investigation into allegations of pollution on the northern coast of the Netherlands during the containment of steel production at Tata Steel's IJmuiden plant. Prosecutors accused Tata Steel of deliberately and illegally dumping hazardous materials to damage…
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US makes final AD decision on Turkish rebarIn accordance with the final result of the administrative review of anti-dumping (AD) duties, the United States Department of Commerce (USDOC) determined that Turkish manufacturers or exporters of reinforced concrete rebar (reinforcement) subject to this review sold their products at prices lower…
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China's metallurgy sector aims for quality growthBy 2025, China's steel industry is committed to quality growth with more advanced technology and equipment, stable supply of resources, higher intelligence, improved global competitiveness, and reduced emissions. These were the main goals set in the development guide jointly issued by the Ministry…
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Iron ore rose to $150On Monday, the government set 2030 as a new peak emission deadline for the sector, down from an earlier target of 2025. “This is a big schedule adjustment that gives the steel sector more room to achieve peak emissions in an orderly manner,” said Xu Xiangchun, an analyst at research firm Mysteel…
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US and Japan replace Section 232 with import tariff quotasThe US and Japan reached an agreement on tariffs on steel imports on January 7, effective April 1, replacing Section 232 tariffs with a quota system. While the Section 232 tariffs include steel and aluminium, the deal only covers steel. The agreement allows duty-free imports of Japanese steel with…
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Severstal invests in new low-carbon hydrogen technologySeverstal announced that it will invest in Ekona Power Inc., a Canadian developer of hydrogen production technology, at the expense of American Baker Hughes. Ekona Power has developed a new hydrogen production technology by methane pyrolysis, which converts natural gas into hydrogen and solid…
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Demand for stainless steel sheet in Europe fallsThe base price of cold rolled stainless steel sheet in the European Region declined last week due to lower demand. Currently, product offerings on the market still seem to be insufficient. Delivery of the latest orders should start at least from June or July of this year. However, with several…
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