Metallurgy news
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Turkish flat steel prices rise due to strong demand and higher costsLast week prices for most of the Turkish flat steel market continued to rise as strong demand supported the price level. Meanwhile, a power outage has just brought Turkish electric furnace factories to a three-day shutdown. Along with rising energy costs, steel prices in Turkey have risen almost…
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Steel decarbonization gains momentumLast week's announcement of more than 6 Mtpa of new direct reduced iron (DRI) production capacity and five new electric arc furnaces (EAFs) by the early 2030s shows that conditions are becoming increasingly favorable for low carbon steel production . By 2033, the German steelmaker Salzgitter will…
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Steel consumption in India fell in January, exports roseAccording to JPC, consumption of finished steel in April-January rose by 14.2% to 86.3 million tons, while production over the same period jumped by 20.5% to 92.82 million tons. Crude steel output rose just 0.3% year-on-year in January and fell 1.1% month-on-month to 10.3 million tonnes. Pig iron…
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Slab prices in the CIS rise in a scarce marketWhile slab trading in the CIS remains subdued, sales to southern Europe and Turkey pushed prices back up last week, with new offerings expected at even higher levels, Callanishu market participants said. Russian slabs were sold to Turkey at US$710/tonne francs, which equates to around US$680/tonne…
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British Parliament to develop plan to decarbonise metallurgyThe industry directly employs 33,700 people, with another 42,000 people involved in supply chains. The UK House of Commons Environmental Audit Committee has announced that it will conduct a study on Green Steel. "Steel is a critical material in the UK's drive to reduce carbon emissions: it is an…
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Interpipe paid almost UAH 3 billion in taxes and fees in 2021During 2021, the Ukrainian industrial company Interpipe transferred UAH 2.96 billion to the budgets of all levels and extra-budgetary funds. Compared to 2020, the volume of tax deductions increased by 17%, which is mainly due to an increase in the production of finished goods. Contributions to the…
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Conflict in Ukraine worries the gas market the mostA possible conflict between Russia and Ukraine will lead to a decrease in trade between the eurozone and these countries, but will not significantly slow down the growth of the European economy. According to Goldman Sachs analysis, gas market turbulence could be much more severe. The escalation of…
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Operational indicators of the MMC of Ukraine in January 2022According to preliminary data, in January 2022, metallurgical enterprises produced: pig iron - 1.79 million tons (98.2% compared to January 2020.); steel - 1.86 million tons (100.9%); rolled products - 1.67 million tons (100.5%).
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Ukrzaliznytsia received a new batch of passenger cars from KremenchugSimultaneously with the delivery of products, representatives of UZ and specialists of the plant discussed the issues of the features of the cars adapted for the carriage of passengers with disabilities, which the customer wants to see in the next batches. On January 31, 2022, Ukrzaliznytsia…
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Leaders in global crude steel production in 2021Total global crude steel production in 2021 was 1,950.5 million tonnes, up 3.7% from 2020. 1 China 1,032.8 2 India 118.1 3 Japan 96.3 4 US 86 5 Russia 76 6 Korea 70.6 7 Turkey 40.4 8 Germany 40.1 9 Brazil 36 10 Iran 28.5 11 Italy 24.4 12 Vietnam 23.6 13 Taiwan, 23.3 14 Ukraine 21.4 15 Mexico 18.4…
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