Metallurgy news
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Prices for billets from the CIS countries continue to growThe rise in prices for billets from CIS countries resumed after a hiatus last week with at least one new booking in Turkey at higher prices. At the end of last week, the Russian mill sold billets in Turkey at $ 527 per tonne as scrap prices continued to rise and this month, according to numerous…
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Metinvest doubles investment in the reconstruction of mill 1700 at the Ilyich plantIn the sheet-rolling shop "1700" MMK im. Ilyich, the next stage of the rolling mill reconstruction is nearing completion. As of today, according to the press service of the plant, a new hydraulic coiler for winding 32-ton hot-rolled coils has been installed. In this project, the Dutch mining and…
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ATI plans to end production of standard stainless steel sheets in 2021US-based Allegheny Technologies Incorporated (ATI) announced that it is phasing out its production plan for standard stainless steel sheet materials and is investing in other more strategic areas such as aerospace and national defense. The President and CEO of ATI mentioned that they are aiming to…
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Nippon Steel plans to increase production at overseas steel plantsNippon Steel Corporation, headquartered in Tokyo, has announced plans to increase production capacity at its steel mills outside of Japan. At the same time, it is planned to reduce domestic steelmaking capacities. It is a response to changing levels of demand and projected demand for the future…
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EVRAZ North America dismissed nearly 500 employeesEVRAZ North America has announced that nearly 500 members of its Canadian pipe division will receive layoffs, meaning workers will lose jobs from December 17th. Layoffs are necessary due to the current financial health and health of its energy sector, especially in western Canada, according to the…
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Steel exports from China in January-November decreased by 18%China exported 48.8 million tonnes of finished steel in January-November, down 18.1 percent from last year, while imports of finished steel rose 74.3 percent to 18.9 million tonnes over the same period. according to the latest statistics published in the country. General Customs Administration…
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Denmark to suspend oil and gas production in the North SeaDenmark refuses to conduct licensing and future tenders for the development of fields in the North Sea The country's government has decided to completely end exploration and production of oil and gas in the North Sea by 2050, Dan Jorgensen, Minister for Climate and Energy, said. To achieve this…
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Steel prices in the US will continue to riseAccording to the Monthly US Steel Sentiment Survey, US steel sentiment was very robust in December, with all participants expecting higher steel and raw material prices in the coming weeks, with most expecting increased production and reduced inventories. In a survey of US manufacturers…
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Export prices for rolled metal in China continue to riseChinese steelmakers raised export prices for steel products during the third week last week, although domestic steel prices were declining, especially for long products. Between 21 and 27 November, the export price of China's 4.75mm SS400 Hot Rolled Coil (HRC) increased by another $ 18 /t to $ 569…
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Vaccine news drives EU stainless steel market growthAhead of the last few weeks of 2020, the European stainless steel market is looking at what the new year will bring. The second round of coronavirus-related lockdowns and tightening restrictions are starting to be lifted again in several parts of Europe. This time, the measures appear to have had…
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