Metallurgy news
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Steel production in China in January-February increased by 12.9%China's steel production for January-February was about 175 million tonnes, up 12.9% year-on-year, up from 7% annual growth in the 2020 aspect, according to the country's latest National Bureau of Statistics (NBS) data from March 15th. although this was mainly due to low baselines in the first…
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Ukrainian metallurgy increased gas consumptionSteel mills in Ukraine increased natural gas consumption by 6.5% in January-February 2021. Electricity consumption by enterprises of the metallurgical sector during this period amounted to about 1.920 billion kWh (104.9% compared to January-February 2020). Metallurgical plants of Ukraine in 2020…
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DMZ in February almost doubled the production of rolled metalDneprovsky Metallurgical Plant (DMZ, Dnepr), a member of DCH Steel of Alexander Yaroslavsky's DCH Group, in February 2021 increased the output of finished rolled products by 71% compared to the previous month, to 18.7 thousand tons. In February, the plant produced 22.6 thousand tons of pig iron…
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Chinese authorities will punish companies that pollute the environmentChina has pledged to cut steel production in 2021 from the record 1.06 billion tonnes it produced last year to cut carbon emissions. The steel sector accounts for 15% of the country's total emissions, exceeding all other production categories. Heavy industry companies in the city, including steel…
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Baoshan Steel Raises Hot Rolled Steel Prices By $ 46 /Ton In AprilBaoshan Iron & Steel Co (Baoshan Steel), a division of China's largest steel producer China Baowu Steel Group, has decided to add RMB 300 per tonne ($ 46 per tonne) to its list price for hot rolled carbon steel (HRC). with the company's latest pricing policy published on March 9 for April sales…
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U.S. court rejects Section 232 complaint over steel and aluminum import tariffsThe U.S. Court of International Trade dismissed Thyssenkrupp Materials North America's claim for U.S. Section 232 tariffs on steel and aluminum, finding that the Section 232 exclusion process did not violate part of the U.S. Constitution and did not reflect misinterpretations of previously issued…
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UK unions call on government to support Liberty SteelUK trade unions have asked the government to support Liberty Steel, saying the government needs to take positive action to prevent threats posed by the bankruptcy of Greensill Capital, Liberty Steel's main lender. Unions said Liberty Steel is seeking business continuity funds. Parent company…
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Nucor Corp will build a new pipe production plantUS-based Nucor Corporation announced that its board of directors has approved a plan to build a pipe plant in the Midwest, America's largest steel-consuming region. The company said that the new pipe mill's products will benefit from Nucor's existing investments in the Midwest, including a plate…
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Thousands of steel workers in the UK and Australia under threatThe conglomerate of British entrepreneur Sanjeev Gupta GFG is in a hurry to refinance about $ 4 billion owed to the bankrupt financial company. More than 35,000 jobs, including thousands in steel mills in the UK and Whyalla in South Australia, are in jeopardy as GFG Group, a conglomerate controlled…
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World metallurgy left behind the phase of falling demandThe 4.8% increase in global steel production in January is a positive development for the steel market. Has the steel industry left behind a phase of declining demand, adding new capacity not finding an adequate market, falling prices, rising production costs and, consequently, a prolonged period…
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