Metallurgy news
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EU factories insist on raising prices for rolled metal productsThe European steel market began to develop slowly in 2022. Many members of the supply chain have delayed their return to work until January 10. Consequently, the level of purchasing activity has decreased. On the contrary, the factories sought to change their position for the New Year by raising…
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Ukraine in the world ranking of metallurgical production in 2021According to Worldsteel, in 2021, metallurgical enterprises of the countries of the world produced 1,429.54 million tons of pig iron, of which 1,326.85 million tons were smelted by the blast-furnace method and 102.69 million tons by the direct renewal method. This is 1.18% higher than the figure of…
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Fortescue Reports Supply Growth, But Labor ShortagesThe world's fourth-largest iron ore producer has voiced its concerns. Australian mining company Fortescue Metals Group on Tuesday reported a 2% increase in second-quarter shipments, but noted pressure from strong demand for labor and resources, as well as supply chain restrictions due to the…
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EUROFER demands an increase in the duty rate on hot-rolled steel from SeverstalThe European Steel Producers Association (EUROFER) has asked the European Commission to impose higher anti-dumping duties (AD) on hot-rolled coil (HRC) from Russian steelmaker Severstal. EUROFER reports that the current AD duty rate for Severstal's hot-rolled coil is EUR 17.60 per ton, compared to…
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Australian coal stuck in its portsMost of the Australian coal used by steelmakers and stored in Chinese ports after Beijing's import ban has now been cleared, according to research firm Fengkuang Coal Logistics, although there is no indication that the halt to new shipments will be lifted. Customs data from the last quarter of last…
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Nickel prices soar to $24,000 per tonThe world prices for nickel rose consistently last week. Nickel futures on the LME rose over $200 last Friday (January 21) to an 11-year high of $24,000/t. At the same time, market stocks monitored by the LME fell to 93,480 tonnes. Nickel prices rose five consecutive weeks as market inventories…
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Steel prices may rise in FebruarySteel consumption in India is growing on a monthly basis and steel prices are expected to stabilize, Seshagiri Rao, joint managing director of JSW Steel, said. HRC (hot rolled coil) steel prices in India hit an all-time high of Rs 70,875 last November. However, due to price pressure and destocking…
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U.S. and Japan promise quick resolution to difficult tariff talksUS President Joe Biden and Japanese Prime Minister Fumio Kishida have vowed to find a speedy solution to ongoing trade and tariff talks while countering China's efforts to "change the status quo" in the East and South China Seas. In a 90-minute video call on Friday (January 21), the two allies also…
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Intel to Build $20 Billion Chip Factories in OhioUS chip maker Intel will spend $20 billion to build two new factories in Ohio. Callanish learned about this from the announcement of the company. Semiconductor factories are receiving $100 million in educational funds "to create a flow of talent and support research programs in the region," the…
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American company plans to smelt the first steel on the Moon in 2024The Houston-based company says the dusty gray regolith scattered across the lunar surface is valuable. Lunar Resources is developing a technology for extracting iron, aluminium, magnesium and silicon from the surface layer of loose lunar soil. The materials obtained by space metallurgists…
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