Metallurgy news
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Metinvest intends to expand steel rolling capacity in ItalyUkrainian group Metinvest is considering partnering with Italian steelmaker and steelmaker Danieli to expand flat products production in Italy. A decision on the project was expected within a few months. The project is currently in the feasibility study stage and is expected to receive approval by…
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Beijing negotiates price hikes with steel companiesFive of China's top governing bodies, including the National Development and Reform Commission (NDRC), the country's main economic planning body, met with major domestic enterprises in sectors such as iron ore, steel, copper and aluminum. In addition to the NDRC, the Ministry of Industry and…
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Liberty Steel sells three factories in the UKLiberty Steel has confirmed that it plans to sell its UK aerospace and special alloy steel business with its main operations at Stokesbridge. The sale will include a steel plant at Stokesbridge along with a narrow-strip mill at Brinsworth and a high-grade steel plant at West Bromwich. The factories…
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World steel production increased in AprilWorld crude steel production in 64 countries represented by the World Steel Association (worldsteel) stood at 169.5 million tonnes (mt) in April this year, up 23.3% from the same month a year earlier. The largest steel producing regions are Asia and Oceania, which produced 125.0 million tonnes in…
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Steel sheet prices in Taiwan continue to riseDue to the sharp rise in prices in the international market, Taiwan's quotations for steel sheet imports continue to break their own record at the moment. It is now difficult for industry participants to import the same materials at a lower price. Since fewer purchases are made in other countries…
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Sales of carbon steel in Japan fellAccording to statistics from the Japan Iron and Steel Federation (JISF), sales of finished carbon steel products in the country totaled about 56.8 million tonnes in fiscal 2020 ending March 2021, down 9% from the previous year. That figure was even below the lowest level of 55.96 million tonnes of…
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Rumors of increased duties on steel exports in China continueRumors about China's intention to raise the export duty on steel were gradually confirmed. Not only did the State Council of China issue relevant instructions in an executive meeting, but the government is also taking ongoing measures to stabilize prices for wholesale goods. China was ordered to…
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World iron ore production will continue to grow over the next 5 yearsAccording to the latest report from Fitch Solutions, one of the world's leading financial institutions, it predicted that global iron ore production could continue to grow, with an average growth rate of 2.4% in 2021-2025, which is much higher. than over the past five years -2.0%. In addition, the…
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NLMK DanSteel supplies steel sheet for wind power projects in FranceRussian steel producer NLMK Group announced that Danish company NLMK DanSteel provided thick plate for the production of wind turbine tower components for the first large offshore wind farm in Brittany, France. The wind farm has a capacity of 500 megawatts and can provide electricity to over…
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ArcelorMittal increases steel prices againAccording to the latest pricing information from ArcelorMittal, one of the world's leading steel producers, it has increased flat steel prices in Europe by about € 50 per tonne, the seventh consecutive increase from ArcelorMittal in a week. Among them, the range of price increases for hot-rolled…
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