Metallurgy news
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Imports of flat products to Russia increased in the first 8 months of 2021During January-August 2021, the Russian Federation imported 3.825 million tons of rolled metal. Annual growth was 10.9%. In August, the volume amounted to 0.429 million tons, or 81.6% of the July level, according to the customs service. Imports of ferrous metals, excluding pig iron, ferroalloys and…
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UK Steel Group Demands Immediate Anti-Crisis ActionUK Steel Group has warned that it may be forced to close steel mills in the absence of substantial government assistance. UK Steel, the group representing the steel sector to the government, has called on the government to help the industry overcome the crisis caused by soaring energy prices…
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Insane growth continues in Turkish scrap metal marketThis week, Turkish mills further increased purchase prices for scrap metal on the domestic market, Callanish said. This is mainly due to the weakening of the lira and the sharp rise in the price of imported scrap over the past two weeks. Meanwhile, the mills continue to buy imported scrap at higher…
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Iron ore prices decline due to reduced steel productionIron ore prices fell as investor attention shifted back to control of China's steel production. According to Fastmarkets MB, a 62% iron benchmark ore imported into North China changed hands at $ 129 a tonne, down 4.6% from Monday's close. “China's plans to increase flat products production this…
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China's daily steel production up 0.6% in early OctoberDaily crude steel production at China's 247 blast furnace (BF) and 71 electric arc (EAF) plants in the Mysteel study increased slightly to 2.6 million tonnes per day on average in the first decade of October, an increase of 16,100 t /d or 0. 6% from the end of September, due to the weakening of…
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North American flat steel maker invades scrap metal recycling businessCleveland-Cliffs, the largest flat steel producer in North America, has announced its entry into the scrap metal market through the acquisition of a scrap recycling company in Detroit. The deal is expected to close in the fourth quarter of 2021, subject to regulatory approval and other normal…
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China Baowu signs contracts to expand steel ecosystemChina Baowu has signed agreements with 11 Chinese private steel companies to actively build a high quality steel ecosystem. It was reported that Kunming Iron and Steel Holdings Co., Ltd., one of the top 500 Chinese enterprises and the largest joint steel production in Yunnan province, has reached a…
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Metinvest and K1-MET will join the international research consortium for the recycling of industrial wasteWe are pleased to announce that Metinvest, an international vertically integrated group of mining and metallurgical companies (Metinvest or the Group), and K1-MET, a leading Austrian research center in metallurgy, will participate in an international research project in the field of sustainability…
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A modern oxygen complex will be built in MariupolMetinvest Group is renovating the production facilities of MMK im. Ilyich. The company is in the active phase of the construction of a modern air separation unit in Ukraine. The total investment in the project will amount to USD 83.5 million. Today, the availability of equipment for the storage of…
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In August, supplies of Russian pig iron to the United States decreased significantlyIn August, shipments for export of Russian pig iron to the United States amounted to 173.4 thousand tons. This is 64% lower than in July and 23.6% - on an annualized basis. A month earlier, these indicators were + 81% and +4 times, respectively. In general, in January-August, the volume of supplies…
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