Metallurgy news
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Liberty plans to restructure Belgian steel millsThe Liberty Steel Group is planning a possible restructuring of its Belgian steel mills, Flemalle and Tilleur, owned by Liberty Liège, to ensure their sustainable long-term future, a spokesman for the group said on September 23. According to local media reports, this is expected to entail the…
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Global steel production fell for the first time in 2021World crude steel production in 64 countries reporting to the World Steel Association (worldsteel) was 156.8 million tonnes (Mt) in August this year, down 1.4% from the same month a year earlier. In 2021, production fell for the first time. Asia and Oceania were the largest steel producing regions…
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Krakatau Steel launches new hot rolling millIndonesian steelmaker PT Krakatau Steel has launched a new hot strip mill (HSM 2) to increase its domestic market share and reduce Indonesia's dependence on imports. This mill will be the company's second hot strip mill. The first hot strip mill was launched in 1983. The new plant was launched with…
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Russia imposes a new MET tax for metallurgical companies, abandoning the idea of a new income taxRussia negotiated a new mineral extraction tax (MET) formula with Russian producers of steel, iron ore, coking coal, fertilizers and mixed ores such as those mined by Norilsk Nickel, but abandoned the idea of a new income tax, officials said. Russia has abandoned the idea of a formula-based…
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CISA: steel prices in China will fluctuate in the near futureCISA warned that domestic demand for steel will decrease in the coming weeks due to the worsening international situation and slower economic growth in the country. CISA cites the latest United Nations data released on September 15 that shows global growth could fall to 3.6% in 2022 from 5.3%…
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ArcelorMittal Kryvyi Rih appoints environmental ombudsmanKryvyi Rih, 23 September 2021 Olga Simakov took over the newly created position of environmental ombudsman at ArcelorMittal Kryvyi Rih. In her new position, Olga will be responsible for the implementation of the company's renewed environmental strategy, interaction with the eco-community, the…
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European steelmakers tried to keep their prices at the same levelNegotiations began this month for semi-annual and annual deliveries for the automotive industry. European steelmakers are keen to ensure that these contracts reflect the full growth achieved in the market since summer 2020. However, a shortage of semiconductors is hampering automotive production…
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Azovstal seeks to cancel the increase in tariffs for railway transportationThe Azovstal metallurgical plant, operating in Mariupol, Donetsk region and part of the Metinvest group, has filed a lawsuit with the Kiev District Administrative Court (OASK), in which it asks the court to cancel the order of the Ministry of Infrastructure of Ukraine, which raised tariffs for…
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The increase in taxes in metallurgy may reduce the export of Russian coalThe tax reform in the Russian metallurgy will increase the cost of producing coking coal, which is used to smelt iron and steel. It is coking coal that has the greatest prospects to remain in demand on the world market even in the event of the final victory of the "green" agenda in the world and…
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Iron ore price surpasses $ 100 again after Evergrande dealThe price of iron ore jumped on Wednesday after China Evergrande Group, the largest residential real estate operator, said it reached an agreement with yuan-denominated bondholders to pay interest. In January, iron ore on the Dalian Mercantile Exchange of China closed its day trading 3.7% higher at…
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