Metallurgy news
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Price increases expected in April 2021The rise in prices is associated with a change in world prices, an increase in the dollar exchange rate, as well as an increase in the consumption of metal products, both in the world market and in the domestic market, which causes a shortage of steel and creates preconditions for producers to…
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Asia will be hit by "steel tsunami" very soonThe looming cut in China's export rebates from 13% to 9% is likely to drive prices up in the coming months. Asia will soon be hit by a "steel tsunami," as an analyst in Vietnam recently said. “We are already seeing this effect now as India is the only supplier of HRC to Vietnam,” he said…
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Exports of Russian pig iron to the United States decreasedOver the past 12 months of 2020, according to customs statistics, exports of Russian-made pig iron to the United States amounted to 1.32 million tons, or 31.5% of all Russian exports of these products. In relation to 2019, the supply volumes decreased by 26.5%. About 50% of shipments were…
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Metinvest's revenue increased in JanuaryIn January 2021, the revenue of Metinvest B.V. (Netherlands), the parent company of the Metinvest mining and metallurgical group, increased by 1.5%, or $ 15 million, compared to December 2020 - to $ 1.031 billion from $ 1.016 billion. According to the presented report, the adjusted EBITDA of the…
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Nationalization of Liberty Steel as an option to save jobsThe UK government has reiterated that it is considering "all options" to keep Liberty Steel's UK factories and jobs afloat, including nationalization. The government rejected a request for £ 170 million in financial support for the company. But this is due to concerns about the "very opaque"…
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Severny GOK is building the largest pulp thickening complex in UkraineA modern hydrotechnical facility for thickening of enrichment wastes will be built at Severny GOK. The complex will allow the mill to cut costs and reduce the burden on the environment by reducing energy and water consumption. Metinvest will allocate more than UAH 3 billion for the construction of…
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The world's largest steel industry strives to be greenChina is stepping up efforts to clean up one of the dirtiest corners of its economy and now plans for its giant steel industry to peak emissions within four years. The country aims to peak carbon emissions by 2025 and cut them by 30% by 2030, the China Metals Planning and Research Institute said in…
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Traffic on the Suez Canal resumedAfter the Ever Given, one of the largest container ships in the world, was reportedly successfully floated, vessel traffic in the Suez Canal resumed after a six-day lockdown, and a flotilla of tugs pulled it towards Bolshoy Gorky Lake. ... Due to the blockade of Ever Given, which lasted almost a…
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Converter overhaul completed at DMZIn the oxygen-converter shop of the Dneprovsky metallurgical plant (DMZ, Dnipro), a major overhaul of the converter No. 1 was carried out with the replacement of the neck and the tapered part. The renovation took place since December 2020. The workers of the metallurgical equipment repair shop…
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World steel production increased by 6.6%World crude steel production in 64 countries reporting to the World Steel Association (worldsteel) amounted to 315.0 million tonnes in the first two months of this year. This is a 6.6% increase over production for the corresponding two-month period in 2020. The largest regional steel producer…
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