Metallurgy news
-
Global steel production will grow by an average of 32% until 2025Growth in global iron ore production will accelerate in the coming years, ending the stagnation that has persisted since iron ore prices hit their lowest decade average of $ 55 per tonne in 2015, a market analyst at Fitch Solutions predicts in his latest industry report. Fitch forecasts global mine…
-
US issues anti-dumping ruling on Japanese HRC importsIn accordance with the preliminary ruling imposing anti-dumping duties on hot-rolled flat products from Japan, Japanese manufacturers and exporters of the products in question sold their products on the US market at prices below fair value during the reporting period. from October 1, 2018 to…
-
Liberty Steel to build hydrogen-based steel plant in FranceUK-based Liberty Steel Group, part of the GFG Alliance, has announced plans to build a new hydrogen-based steel plant in France. The country's first steel plant of its kind will be built in partnership with two European companies with which Liberty Steel has already signed a Memorandum of…
-
MMK sold over 7.4 million tonnes of rolled metal on the domestic market in 2020Magnitogorsk Iron and Steel Works: in 2020 MMK sold over 7.4 million tonnes of metal products to the Russian market Despite the difficulties associated with the coronavirus pandemic, the Magnitogorsk Iron and Steel Works (MMK) sold 7.43 million tonnes of metal products to the Russian market last…
-
Steel prices in the EU - peak or plateau?The rapid rise in European steel prices came to a halt in early February as buyers received the latest news on the development of the scrap market in Turkey. The approaching Chinese New Year has reduced activity in the Far East. European participants in the supply chain are now pondering the…
-
China's Steel Mills Jump 46% During HolidaysAccording to the latest weekly survey, inventories of five key finished steel products produced by 184 Chinese steel mills as part of a regular survey by Mysteel surged 46.1% from Feb 4-17. Inventories rose as end-user consumption remained unchanged during Chinese New Year (CNY) February 11-17…
-
Turkish assets MMK set a new record for the production of hot-dip galvanized productsIn January 2021, the hot-dip galvanizing line at the MMK Metalurji plant in Dortiol (Turkey) produced 42,316 tons of products, which is an absolute record for any division of the MMK Group. Only two hot-dip galvanizing lines at MMK's Turkish sites in Dortiola and Dilovashi produced 78,613 tonnes of…
-
Carbon neutrality puts a heavy burden on POSCOThe POSCO cost of replacing one blast furnace with a carbon-free one by 2050 is estimated at approximately six trillion won. The company currently operates nine blast furnaces and has an estimated total replacement cost equivalent to its 30-year operating profit. The South Korean government…
-
China's Baowu Steel acquires Kunming Steel and targets Shandong SteelThe world's largest steel producer Baowu Steel of China, with a capacity of 115 million tonnes of steel per year, has signed an agreement with the Yunnan provincial government to donate 90% of its shares in Kunming Steel. The production capacity of Kuming Steel is 10 million tons per year, in 2019…
-
Iran: production of metal products increased by 2%Steel production in Iran increased by two percent during the first ten months of the current Iranian calendar year (March 20, 2020 - January 19, 2021) compared to the corresponding period last year. As reported, for ten months of this year, 12.145 million tons of metal products were produced…
Pages
← previous
next →
