Metallurgy news
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POSCO C&C plans to close Myanmar joint ventureThis is a Myanmar military-backed joint venture. Along with the chaos in Myanmar, criticism of the violently suppressed pro-democracy protests by the military followed. A subsidiary of South Korean steel giant POSCO, POSCO Coated & Color Steel Co Ltd, has partnered with military-backed firm Myanmar…
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ArcelorMittal Increases Coil Prices in Europe AgainLast week, ArcelorMittal again raised its coil steel prices in Europe. In line with the price adjustment, the HRC price increased by € 50 /t to € 970 /t, while the CRC and hot-dip galvanized coil prices were at € 1,120. /ton. The constant shortage of materials has further increased steel prices on…
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Worldsteel Raises Steel Demand Growth Forecast in 2021 to 5.8%The World Steel Association predicts steel demand will rise 5.8% in 2021 to reach 1.874 billion tonnes, after just 0.2% decline in 2020, as the overall impact of the coronavirus pandemic on the sector is less than before. foreseen. According to worldsteel, in 2022, steel demand will grow by 2.7%…
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India tries to reduce dependence on scrap importsDriven by the COVID-19 epidemic, the global scrap metal market is currently facing challenges such as container shortages, delays in port arrivals and rising freight rates. Under these conditions, the Indian Prime Minister called for an increase in the domestic supply of scrap to meet demand. One…
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ArcelorMittal invests in steel plants in GermanyArcelorMittal has announced a major investment in its German facilities as part of its efforts to reduce carbon emissions by accelerating the adoption of carbon neutral steel and expanding its hydrogen infrastructure. According to a press release, the company plans to build a large-scale industrial…
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Aerospace calls on government to support Liberty SteelThe aerospace industry is calling on the government to intervene to secure the supply of specialty steel products it relies on amid scrambles to fund Liberty Steel. Liberty Steel's owner, Sanjeev Gupta, is urgently seeking funding following the collapse of Greensill Capital, its former key lender…
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Worldsteel: Severstal is a champion in steel sustainabilityThe Russian steel company PAO Severstal, one of the leading vertically integrated steel and mining companies, has been recognized by the World Steel Association (worldsteel) as the champion in the sustainable development of the steel industry. Every year, the Steel Sustainable Development Champions…
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Results of production activities of the MMC of Ukraine in January-March 2021In the first quarter of 2021, metallurgical enterprises of Ukraine issued about: agglomerate - 8,220,000 tons (104.6% versus January-March 2020) gross coke (6% vol.) - 2,420,000 tons (98.7%); pig iron - 5,310,000 tons (104.3%); steel - 5,290,000 tons (99.5%); As of April 13, 2021, of the main…
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Vietnamese Formosa Ha Tinh Steel raised prices for JuneAfter China's Baosteel raised its hot rolled coil (HRC) prices by RMB 400 per tonne in May, Vietnamese company Formosa Ha Tinh Steel Corporation (FHS) sharply raised its hot rolled steel prices by $ 145 per tonne yesterday (April 12). and the price of wire rod was increased by US $ 84 per tonne for…
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Export duties on Russian steel may limit productionMaxim Reshetnikov, Russia's economic development minister, said the proposal to impose tariffs on Russian steel exports to curb price increases was not only unrealistic, but could lead to a shortage of certain types of steel products. In December, the Ministry of Development agreed to raise the…
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