Metallurgy news
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ArcelorMittal Kryvyi Rih conducts testing of sinter machine after reconstructionArcelorMittal Kryvyi Rih is implementing a program of large-scale modernization of the sinter plant No. 2 with an ecological focus. This is one of the key investment projects of the company, which will significantly reduce the industrial load on the region and the city. To date, five of the six…
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South Korean metallurgists sell scrap metal to ChinaThe recent export sale of ferrous scrap from South Korea to China has raised concerns among South Korean steel mills that they will soon have to compete with Chinese buyers for high quality scrap produced in the South Korean domestic market. It was heard last week that a shipment of HS scrap from…
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Liberty Steel faces financial issuesThe UK-based GFG Alliance, which includes steel makers Liberty Steel and InfraBuild and aluminum producer Alvance in its portfolio, has been cut off by its main financial unit and is reportedly struggling to find a replacement. UK media outlets, including the BBC, reported that London-based…
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US finished steel imports projected to decline in 2021The American Iron and Steel Institute (AISI) predicts a significant reduction in the country's finished steel imports this year. The estimates provided by the association are based on import trends during the initial monthly period of the year. The country is likely to see a 7.9% decline in…
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Japanese steelmaker takes action to decarbonize productionNippon Steel Corp, a leading manufacturer in Japan, is shifting its focus to metal recycling as ambitious zero-emission targets intensify the race to develop cleaner steel. Nippon Steel's executive vice president Katsuhiro Miyamoto said in an interview on Friday that decarbonization measures are…
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2020 China Steel Production Completed at 1.065 Billion TonnesChina's National Bureau of Statistics (NBS) updated the country's crude steel production for 2020 to 1.065 billion tonnes from a preliminary 1.05 billion tonnes, and the annual growth was thus revised to 7% from an initial 5.2%. according to the latest NBS release, including all updates regarding…
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Ukraine in the world ranking of metallurgical production for January 2021According to the World Steel Organization Worldsteel, in January 2021 metallurgical enterprises of the countries of the world produced 119.960 million tons of pig iron, of which 112.14 million tons were produced by the blast furnace method and 7.82 million tons by the direct reduction method. This…
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American manufacturers are grappling with steel shortages and rising pricesSteel prices in the United States are 68% above world market prices and nearly double that of China, even as prices in both China and Europe have risen more than 80% from the low prices caused by the pandemic. Steel Dynamics said it couldn't get enough flat sheets even for its own internal…
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Luma Automation plans expansion in HungaryLuma Automation Capital Group has successfully completed the acquisition of Iron-Tech Zrt. from Szigetváru, one of the leaders in the Hungarian market for the production of precision metal products intended primarily for the automotive and railway industries. The company also supplies building…
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Strange market situation: in Asia steel is more expensive than in EuropeCurrently, orders for rolled metal products for the production of household appliances date back to the beginning of 2022. The European Union has a huge demand for metal products, and the supply is limited due to the shutdown of the furnaces, and at the same time, a strange situation in which there…
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