Metallurgy news
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Iranian steel exports continue to fallIranian steel exports fell 29% year-on-year in the five months to August 21 to 2.96 million tonnes, despite continued production growth, the Iranian Steel Producers Association (ISPA) said. Production of crude and finished steel increased by 10% and 3%, respectively, to 11.82 million tonnes and 8.8…
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China's steel sector is seeing a rise in demand, which requires curbing import growthChinese steelmakers have offered to prevent a sharp increase in imports of industrial metals and reduce the purchase of steel scrap overseas, according to the China Iron and Steel Association (CISA). Nine steelmakers, including the largest China Baowu Steel Group, Shougang Group and Ansteel Group…
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Celsa Group counts on government fundingSpanish steel supplier Celsa Group is considering applying to a Spanish government aid fund to help overcome the impact of the Covid-19 crisis on its business. “The company is currently scrutinizing the conditions disclosed by the solvency fund and the possibility of using temporary government…
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ArcelorMittal Kryvyi Rih has chosen a contractor for the construction of a new pelletizing plantGeneral Director of ArcelorMittal Kryvyi Rih Mauro Longobardi signed an agreement on the creation of a project and supply of equipment for the construction of a pelletizing plant with the management of Sinosteel (China). In the conditions of quarantine in the world, the solemn signing took place…
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Hydrogen as the future of metallurgy if industry in Europe survivesThere are many signs that the hydrogen revolution will sooner or later affect the steel industry. Before that can happen, however, the European steel industry must face the challenges of carbon dioxide emissions, an uncontrolled influx of steel from Asia or the situation created by the coronavirus…
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ArcelorMittal Research to Reduce Carbon Emissions in Blast Furnacesleading steelmaker ArcelorMittal has announced a new partnership to conduct extensive research to develop an industrial solution to capture carbon from steelmaking using a blast furnace. This research is expected to contribute to a significant change in the way steel is made. The company will…
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Cost increases eat up Chinese steelmakers' margins in AugustAt China's blast furnace steel mills, most of their steel margins were cut in August by higher production costs, especially given the multiyear high prices for imported iron ore, according to Mysteel's latest monthly report. For rebar, the most popular bar in China, the average margin among 91…
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US Steel announces price hikes for sheet metalAccording to letters sent to customers and reviewed by S&P Global Platts, US Steel announced on September 14 that it would raise its flat steel prices by at least $ 60. Although the company did not specify minimum target prices in the letter, a source at the plant and a source on the buyer's side…
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US Steel Sector Utilization IncreasesUS steel production for the last week ended was 1.428 million net. Capacity utilization was 63.7%, up 2% from the previous week, according to weekly steel industry data released by the American Iron and Steel Institute (AISI). Estimated production for the last week represents a 21.2% decline from…
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Canada will introduce reciprocal duties on the United StatesThe Canadian government will retaliate US $ 3.6 billion in tariffs on US products as a countermeasure to US re-imposition of tariffs on Canadian aluminum. A specific list of tariffs was to be announced. Kirsten Hillman, a Canadian diplomat appointed as Canada's ambassador to the United States, said…
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