Metallurgy news
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India tries to reduce dependence on scrap importsDriven by the COVID-19 epidemic, the global scrap metal market is currently facing challenges such as container shortages, delays in port arrivals and rising freight rates. Under these conditions, the Indian Prime Minister called for an increase in the domestic supply of scrap to meet demand. One…
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ArcelorMittal invests in steel plants in GermanyArcelorMittal has announced a major investment in its German facilities as part of its efforts to reduce carbon emissions by accelerating the adoption of carbon neutral steel and expanding its hydrogen infrastructure. According to a press release, the company plans to build a large-scale industrial…
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Aerospace calls on government to support Liberty SteelThe aerospace industry is calling on the government to intervene to secure the supply of specialty steel products it relies on amid scrambles to fund Liberty Steel. Liberty Steel's owner, Sanjeev Gupta, is urgently seeking funding following the collapse of Greensill Capital, its former key lender…
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Worldsteel: Severstal is a champion in steel sustainabilityThe Russian steel company PAO Severstal, one of the leading vertically integrated steel and mining companies, has been recognized by the World Steel Association (worldsteel) as the champion in the sustainable development of the steel industry. Every year, the Steel Sustainable Development Champions…
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Results of production activities of the MMC of Ukraine in January-March 2021In the first quarter of 2021, metallurgical enterprises of Ukraine issued about: agglomerate - 8,220,000 tons (104.6% versus January-March 2020) gross coke (6% vol.) - 2,420,000 tons (98.7%); pig iron - 5,310,000 tons (104.3%); steel - 5,290,000 tons (99.5%); As of April 13, 2021, of the main…
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Vietnamese Formosa Ha Tinh Steel raised prices for JuneAfter China's Baosteel raised its hot rolled coil (HRC) prices by RMB 400 per tonne in May, Vietnamese company Formosa Ha Tinh Steel Corporation (FHS) sharply raised its hot rolled steel prices by $ 145 per tonne yesterday (April 12). and the price of wire rod was increased by US $ 84 per tonne for…
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Export duties on Russian steel may limit productionMaxim Reshetnikov, Russia's economic development minister, said the proposal to impose tariffs on Russian steel exports to curb price increases was not only unrealistic, but could lead to a shortage of certain types of steel products. In December, the Ministry of Development agreed to raise the…
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Vietnamese company Formosa raises prices for rolled metal products against the backdrop of a rapidly growing marketVietnamese steelmaker Formosa Ha Tinh's recent monthly domestic hot coil prices reflect the sharp rise in market prices over the past month. On April 12, the Vietnamese mill announced a price increase of about $ 145 per tonne for June shipments, sources at Kallanish said. The new SAE 1006 HRC-based…
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Steel Industry in India to Post Record 4Q Sales GrowthStrong domestic demand, along with healthy exports, contributed to the consistent growth in production and sales of the steel industry in the fourth quarter of 2020-2021, analysts said. Steel companies are expected to increase their revenues by 20% qoq and 45-50% qoq, driven by higher sales and…
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Chinese manufacturers Anshan and Bengang will become one after 16 years?China's ferrous metals are booming as, amid a surge in domestic steel prices since late March, Shenzhen-listed Angang Steel Co and Bengang Steel Plates Co are subsidiaries of two of Northeast China's largest steel mills. The uprisings were in response to renewed hope that Anshan Iron & Steel Group…
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