Metallurgy news
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Japanese steel production drops to lowest level in 50 yearsJapan's crude steel production during fiscal 2020 (April 2020 - March 2021), including carbon and special steel, declined to a new low since fiscal 1969, down 15.9% from the same period last year to about 82.8 million tons, according to the latest figures from the Japan Iron & Steel Federation…
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Global steel production up 10% in March 2021World crude steel production by the 64 countries reporting to the World Steel Association (worldsteel) totaled 486.90 million tonnes (Mt) in the first three months of this year. This is a 10% increase over production for the corresponding three-month period in 2020. The largest regional steel…
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Steel production in Italy increasedAccording to the Italian Steel Association Federacciai, crude steel production in Italy in March this year was about 2.31 million tons, an increase of 11% over the previous month, and also a significant increase of 68.8% over the same month. ... a year ago. The increase from last year was due to…
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Chinese steel mills take strict measures to reduce carbon emissionsIn line with China's environmental policy, China's steel industry has made great strides in environmental development, energy conservation and environmental protection. According to statistics from the China Metallurgical Association (CISA), in 2020, chemical oxygen demand fell 10.11% year on year…
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Ukraine in the world ranking of iron production and styles in the first quarter of 2021According to Worldsteel, in January-March 2021 metallurgical enterprises of the countries of the world produced 358,230,000 tons of pig iron , of which 335,090,000 tons by the blast furnace method and 23,140,000 tons by the direct reduction method. This is 5.67% higher than in January-March 2021…
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The Gupta empire will see the first bankruptcyFrench media reported that some companies in the Alvance Aluminum group, part of the GFG Alliance, are preparing for bankruptcy. However, this is probably not a direct result of the collapse of the financial company Greensill, a subsidiary of Sanjeev Gupta. The French have been fighting to avoid…
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Rising prices for rolled metal may lead to a halt in sales in the EUBuyers of rolled steel are considered largely defenseless in the face of continued price increases, but there are signs that they may simply stop buying at some point. In particular, for hot-dip galvanized coils, which the market leader now quotes ex-works at more than € 1,100 per tonne (US $…
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SMS group is now the sole owner of Paul WurthThe German plant manufacturer SMS group acquired the remaining 40.8% of Paul Wurth SA and became the sole owner of Paul Wurth's plant engineering company. 40.8% of the shares were owned by the Luxembourg state and state-owned banking organizations, but now it is run by a German manufacturer of…
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Demand for rolled steel will grow despite lower consumption in ChinaSteel consumption in Southeast Asia, South Korea and Japan is expected to recover from 2021, Southeast Asia Iron and Steel Institute (SEAISI) and JFE Steel said at the Asia Steel Markets 2021 conference on Wednesday. The China Metallurgy Planning and Research Institute (MPI), meanwhile, noted that…
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EU increases tariffs for steel pipes from Belarus, China and RussiaThe European Union has extended import tariffs on cast iron and steel welded pipes from Belarus, China and Russia for five years, saying they are being sold at unreasonably low prices. The European Commission, which oversees the trade policies of the 27 EU countries, said on Monday in the official…
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