Metallurgy news
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Japanese steel production up 14% in OctoberJapan's crude steel production, including carbon and special steel, increased in October for eight consecutive months, or 14.3%, to about 8.22, according to data released by the Japanese Iron and Steel Federation (JISF) on November 22nd. million tons. this demonstrates that Japanese mills are…
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Policies Critical to Decarbonization in SteelmakingDespite individual steel mills' own initiatives around the world to reduce carbon emissions from steel production, government policies will be critical to making sustainable and fundamental changes to decarbonization, speakers agreed on November 22 at the SEAISI Sustainability & Construction…
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Chinese factories cut steel prices by reducing the use of iron ore pelletsChina's steel companies have reduced their share of feeding iron ore pellets to their blast furnaces to cut production costs, a strategy to gradually reduce pellet prices, market sources said Wednesday. “Steelmakers in North and East China tend to cut pellet consumption when they find that smelting…
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Iron ore prices rise in hopes of increasing steel productionIron ore continued to rally from an 18-month low on rates basis. A stronger-than-expected cut in steel production this year means that China's steel mills are poised to increase production next month. According to Fastmarkets MB, the 62% iron benchmark imported into North China changed hands at $…
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Beijing confident to stave off inflation in 2021China's raw material prices as a whole have so far been in control in 2021 compared to the surges in the world's major economies, and the country has the foundation, confidence and ability to keep domestic prices stable and prevent inflation in every possible way. Prices are rising, the country's…
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Ukraine in the world ranking of metallurgical production for 10 months of 2021Pig iron production According to Worldsteel, in January-October 2021, metallurgical enterprises of the countries of the world produced 1202.60 million tons of pig iron, of which 1115.67 million tons by the blast furnace method and 86.93 million tons by the direct renewal method. This is 2.51%…
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South Korea demands US abolition of steel tariffsSouth Korean Trade Minister Yeo Han Ku called for trade talks with the United States on steel tariffs at a press conference on Monday. This comes after the US and the EU reached a new tariff agreement on steel exports last month, and last week the US agreed to revise steel tariffs with Japan…
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China's daily steel production will continue to declineAccording to the Ministry of Industry and Information Technology (MIIT), China's average daily crude steel production in October 2021 hit a record low since 2018 amid the country's drive to reduce carbon emissions and accelerate the green transformation of the steel industry. Last month, China's…
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US Warns Lack of Transformer Steel Threatens National SecurityThe Bureau of Industry and Security of the US Department of Commerce said in a November 18 report that if AK Steel stops producing grain oriented electrical steel, or GOES, a key material used in transformer manufacturing, it could be viewed as a national security threat to its power grid. American…
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Prices for metal products in Europe are recoveringIn recent weeks, steel prices in Europe have recovered slightly, after which they continued to decline in October. Inflated energy prices have strengthened producers' resolve to stem the downward trend. The announcement of a new quota-based steel trade agreement between the EU and the US, although…
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