Metallurgy news
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ArcelorMittal acquires Dortmunder Blankstahl to expand business in GermanyArcelorMittal, one of the world's leading steel producers, has attempted to expand its business in Germany by purchasing Dortmunder Blankstahl, one of the local producers of steel bars in Germany, according to a statement from ArcelorMittal. ArcelorMittal Germany was the second largest steel…
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Russia thinks about limiting steel pricesThe Russian government is considering measures to curb the rise in steel prices. After receiving numerous complaints from end users, the Russian government began to take notice of the sudden rise in steel prices, Kitco News reports. According to the Ministry of Industry and Trade, prices for some…
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The situation on the steel market is out of controlThe jump in steel prices makes it difficult to plan and evaluate investments. The construction industry is experiencing rising costs at many levels. The work that we started before the outbreak. to make a profit, is now losing money. Steel prices are destroying the market. Along with steel prices…
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Iron ore prices will remain highSteel material hit new all-time highs this week, surging above $ 220 a tonne amid a burgeoning commodity boom. While the demand for steel and its production is growing, many analysts argue that market fundamentals alone do not justify such high prices. This will not stop further growth, according…
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Kobe Steel plans to cut CO2 emissions by 30-40% by 2030Kobe Steel Ltd (5406.T), the third largest steel producer in Japan, is aiming to reduce production CO2 emissions by 30-40% from 2013 levels by 2030 in line with the global decarbonization drive, the report said. The 2030 target does not include power generation, but the company aims to achieve…
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Unmanned cargo transportation on the territory of MMKPJSC "Magnitogorsk Iron and Steel Works", the transport company "Traft" and the company "Evocargo" have agreed on the pilot operation of unmanned trucks EVO-1 on the territory of the combine. They plan to start testing drones at MMK in May-June this year. The test launch of the EVO-1 unmanned…
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In China, steel exports grew by 24.5%, imports - by 16.9%China exported 25.7 million tonnes of finished steel in January-April 2021, up 24.5% over last year, while imports totaled 4.9 million tonnes over the same period, up 16.9% more than last year, according to the latest statistics from the General Administration of Customs of China (GACC). May 7…
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ArcelorMittal increases prices for rolled steel in the EU by 30 euros per tonArcelorMittal, the world's leading steel company, announced last week a price adjustment for flat steel in Europe due to a constant lack of sources. According to the price announcement, the new offer for the Hot Rolled Coil (HRC) plant was increased by € 30 /t to € 1,050 /t, while the cold rolled…
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ArcelorMittal-Nippon Steel plans to build a metallurgical plantThe joint venture between ArcelorMittal and Nippon Steel (AM /NS) has announced that it has initiated a feasibility study for a proposed 12 Mtpa integrated steel production project in the Kendrapara region of the state in collaboration with the Odisha state government. It should be noted that a…
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The rise in prices for the Black Sea billet continuesExport prices for Black Sea billets reached a new high last week, but they are unlikely to stop there. With CIS sellers enjoying their traditional breaks in early May and China's weekend ending on Wednesday, activity is expected to pick up, although now slightly lower, driven by the huge current…
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