Metallurgy news
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Water crisis threatens Brazilian iron ore transportationDrought makes one of Brazil's most important river systems non-navigable, making it more difficult and costly for a raw material power plant to transport grain and iron ore to world markets. According to the national grid operator, the Parana River Basin in central Brazil is experiencing its worst…
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China Mills Profits Recover Fast Due To Rising PricesThe profitability of China's blast furnaces (BF) and electric arc furnaces (EAFs) rebounded rapidly in July, driven by robust domestic steel prices and lower production costs. As of July 27, profits that domestic blast furnace mills earned from rebar sales averaged 718 yuan per tonne ($ 110 per…
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German steel production grows for 4 months in a rowAccording to the latest statistics from the German Steel Federation (WV Stahl), crude steel production in Germany was over 3.42 million tonnes in June, up 38.5% from the same month last year, the fourth straight month of growth. The sharp increase from the same period last year was driven by low…
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After 2050, steel will be mainly produced from ore due to scarcity of scrap metalMost steel will continue to be produced from primary raw materials, including iron ore and metallurgical coal, after 2050 due to limited reserves of ferrous scrap, according to information provided on July 28 by the Net-Zero Steel Pathway Methodology Project, or NZSPMP, an industry group ... “We…
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Russian steel producers aim to reduce the impact of EU carbon taxThe Russian Steel Association says that the Carbon Borders Regulation Mechanism (CBAM), which the EU plans to implement in 2026, is fraught with significant risks to the global economy and the steel industry, in particular, notes Kallanish. “The inclusion of the steel sector in the scope of EU…
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China's steel industry after typhoon In-FaHenan is still experiencing catastrophic flooding, and Typhoon Ying Fa has hit many regions in China, including Shaoxing, Zhoushan, Hangzhou, Ningbo, Shanghai and Suzhou. The metallurgical industry, as well as a number of other industries across the country, were hit by the typhoon. The slow nature…
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Global steel production exceeded 1 billion tonnes in the first half of the yearAccording to Worldsteel (WSA), in June 2021, the total steel production in the countries of the world amounted to 167.9 million tons, which is 11.6% more than in June last year. Metallurgical production continues to demonstrate high growth rates since the beginning of the year. In total, in the…
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Severstal delivers large diameter pipes to Brazil for the first timePJSC Severstal, one of the world's largest vertically integrated steel and mining companies, has delivered large diameter pipes (LDP) to Brazil for the first time. Also, for the first time, large-diameter pipes will be used for an LNG project being implemented abroad. The pipes will be used for the…
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Steel prices in the USA continue to riseThe US Hot Rolled Coil (HRC) price continued to rise due to insufficient supply and is currently at a new high. Thus, the HRC price also exceeded the market price for finished steel products after processing, especially for API pipes. API Taiwan pipe mills noted current export price is lower than…
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Hot rolled steel production in China declines in JuneChina's hot rolled coil (HRC) production in June was about 16.19 million tonnes, down 1.4% from the previous month and up 12.8% from the same month last year, according to statistics. ... The decrease compared to the previous month is due to a slowdown in seasonal demand and production restrictions…
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