Metallurgy news
-
Chinese steel mills take strict measures to reduce carbon emissionsIn line with China's environmental policy, China's steel industry has made great strides in environmental development, energy conservation and environmental protection. According to statistics from the China Metallurgical Association (CISA), in 2020, chemical oxygen demand fell 10.11% year on year…
-
Ukraine in the world ranking of iron production and styles in the first quarter of 2021According to Worldsteel, in January-March 2021 metallurgical enterprises of the countries of the world produced 358,230,000 tons of pig iron , of which 335,090,000 tons by the blast furnace method and 23,140,000 tons by the direct reduction method. This is 5.67% higher than in January-March 2021…
-
The Gupta empire will see the first bankruptcyFrench media reported that some companies in the Alvance Aluminum group, part of the GFG Alliance, are preparing for bankruptcy. However, this is probably not a direct result of the collapse of the financial company Greensill, a subsidiary of Sanjeev Gupta. The French have been fighting to avoid…
-
Rising prices for rolled metal may lead to a halt in sales in the EUBuyers of rolled steel are considered largely defenseless in the face of continued price increases, but there are signs that they may simply stop buying at some point. In particular, for hot-dip galvanized coils, which the market leader now quotes ex-works at more than € 1,100 per tonne (US $…
-
SMS group is now the sole owner of Paul WurthThe German plant manufacturer SMS group acquired the remaining 40.8% of Paul Wurth SA and became the sole owner of Paul Wurth's plant engineering company. 40.8% of the shares were owned by the Luxembourg state and state-owned banking organizations, but now it is run by a German manufacturer of…
-
Demand for rolled steel will grow despite lower consumption in ChinaSteel consumption in Southeast Asia, South Korea and Japan is expected to recover from 2021, Southeast Asia Iron and Steel Institute (SEAISI) and JFE Steel said at the Asia Steel Markets 2021 conference on Wednesday. The China Metallurgy Planning and Research Institute (MPI), meanwhile, noted that…
-
EU increases tariffs for steel pipes from Belarus, China and RussiaThe European Union has extended import tariffs on cast iron and steel welded pipes from Belarus, China and Russia for five years, saying they are being sold at unreasonably low prices. The European Commission, which oversees the trade policies of the 27 EU countries, said on Monday in the official…
-
POSCO C&C plans to close Myanmar joint ventureThis is a Myanmar military-backed joint venture. Along with the chaos in Myanmar, criticism of the violently suppressed pro-democracy protests by the military followed. A subsidiary of South Korean steel giant POSCO, POSCO Coated & Color Steel Co Ltd, has partnered with military-backed firm Myanmar…
-
ArcelorMittal Increases Coil Prices in Europe AgainLast week, ArcelorMittal again raised its coil steel prices in Europe. In line with the price adjustment, the HRC price increased by € 50 /t to € 970 /t, while the CRC and hot-dip galvanized coil prices were at € 1,120. /ton. The constant shortage of materials has further increased steel prices on…
-
Worldsteel Raises Steel Demand Growth Forecast in 2021 to 5.8%The World Steel Association predicts steel demand will rise 5.8% in 2021 to reach 1.874 billion tonnes, after just 0.2% decline in 2020, as the overall impact of the coronavirus pandemic on the sector is less than before. foreseen. According to worldsteel, in 2022, steel demand will grow by 2.7%…
Pages
← previous
next →
