Metallurgy news
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Metallurgy on the threshold of the hydrogen revolutionSteelworkers looking to hydrogen-based direct reduced iron, or DRI, to reduce carbon emissions can make changes to their operations at a lower cost, expecting increased hydrogen availability and costs. Smelters can invest in reducing carbon dioxide emissions through blast furnace injection, oxygen…
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Uncertainty in steel prices in China after Chinese New YearSteel prices in China have been at a high level since last year due to rising prices for iron ore and coking coal, which also caused some mid-size and small traders to choose not to stockpile in winter and left market stocks remaining low. The price of rebar will be acceptable at around RMB 4,000…
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Lockdown in the UK may last until summerThe UK government planned to extend the third round of isolation until the summer. Although approximately 5 million people have been vaccinated in the UK, the UK government has no intention of returning to normal by April, as previously announced. The authorities have stepped up implementation of…
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Steel production in China exceeded 1 billion tonnes for the first time in 2020In 2020, pig iron production in China amounted to about 885.5 billion tons, and steel production - about 1 billion tons, up 4.3% and 5.2%, respectively, compared to the same period last year. This was the first time in history that China's steel production exceeded 1 billion tonnes. By 2021…
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JSW Steel and JSPL seek COVID-19 vaccine for their employeesMetallurgical companies JSW Steel and Jindal Steel are in discussions with Indian vaccine manufacturers to place orders for their employees. The JSW Group currently employs about 55,000 people and the vaccine will be distributed to its employees in factories, corporate offices, townships, etc…
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EU revises duties on imports of Severstal steelThe European Commission announced that it is partially revising the current anti-dumping duty (AD) of 5.3% on hot rolled coils imported from Severstal, in line with the requirements of the European Association of Steel Producers (EUROFER). Russia. Eurofer provided evidence that Severstal changed…
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US crude steel production fell 9%The latest weekly production statistics show a notable drop in steel production in the country for the week ending January 16, 2021. Data released by the American Iron and Steel Institute (AISI) indicates a significant decline in production volumes year on year. in a week. Domestic steel production…
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China plans to supply 45% of steel raw materials for its metallurgy by 2025According to market sources, China's goal of achieving 45% self-sufficiency in steel raw materials, including iron ore and scrap, by 2025 is difficult, but may be achievable if the country's scrap steel production continues to grow steadily. The goal was mentioned in a draft quality development…
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Indian Cabinet of Ministers Amends Mining LawThe Indian Cabinet of Ministers has approved amendments to the mining law that will help double mining in the next 4-5 years. The amendment was intended to allow processors such as the steel, cement and thermal power industries to own iron ore and coal mines that could be freely sold in addition to…
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American Norfolk Iron & Metal successfully acquires Cd 'A MetalsNorfolk Iron & Metal (NIM) has successfully acquired Cd 'A Metals. According to NIM, the acquisition will help NIM expand its market. Cd'A Metals specializes in the sale of a variety of products such as various grades of stainless steel, aluminum, wear resistant steel and decorative iron parts…
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