Metallurgy news
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ArcelorMittal Europe will produce steel using hydrogen technology already in 2020ArcelorMittal Europe today announces the details of its CO2-free green steel strategy. This will enable the company to offer its first environmentally friendly steel solutions to customers this year (30,000 tonnes), and expand this offer in the coming years (to 120,000 tonnes in 2021 and 600,000…
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Italy sees unprecedented demand for rolled metalItalian service centers are experiencing an unprecedented surge in demand from the automotive and home appliance industries. Demand has been growing steadily since August, but the problem remains available. Despite the increase in prices for Italian rolled metal products, spot buyers and customers…
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Steel demand in Japan will grow by 12% in October-DecemberJapanese demand for crude steel is expected to rise 12% quarter-on-quarter to 21.1 million tonnes in October-December, according to a forecast released Oct. 7 by Japan's Ministry of Economy, Trade and Industry (METI). adjust steel production accordingly to meet greater demand from end users…
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China's steel industry prepares for the low-carbon eraIn late September, Chinese President Xi Jinping surprised the world by announcing a very ambitious plan to reduce the country's carbon emissions by 2060. In the three weeks since then, I have received a growing number of inquiries from steel industry insiders asking how the Chinese steel industry…
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Metalloinvest launches ball rolling complex at OEMKMetalloinvest launched a rolling mill at OEMK. The ball rolling shop will produce about 43,000 tons of grinding balls for the needs of the Company's enterprises. The project also takes into account the possibility of manufacturing and shipping a new product to third-party customers. The…
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Steel shipments in the USA in August decreased by 23% y /yThe American Iron and Steel Institute reported that US steel mills shipped 6,532,652 net tonnes in August 2020, up 8.2 percent from the 6,035,596 tonnes shipped in the previous month, July 2020, and 22.9 percent less than 8 472 088 tons. tons shipped in August 2019. Shipments from the beginning of…
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Asian steel market hopes prices will rise as China returns from vacationThe rise in domestic steel futures and China's physical markets following the country's return on October 9 after a week-long national holiday has raised hopes in Asian market participants looking to reverse the direction of prices, despite the lack of evidence that these gains have driven regional…
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Blast furnaces will disappear from Europe along with minesWithin 25 years, blast furnaces will have to replace new technologies that are still in the research or pilot phase. In other words: the steel industry must be rebuilt from scratch over the next 25 years. Too little renewable energy throws us beyond the metallurgical future. Direct downsizing of…
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ArcelorMittal Poland permanently closes its raw materials department in KrakowArcelorMittal attributes this decision to the macroeconomic situation resulting from the pandemic. “Virtually all steel industries have limited their activities; some of them decided to temporarily close their factories. Macroeconomic data show that the likelihood of a quick recovery in steel…
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Exports of rolled metal products of South Korea in September grew by 7.7% y /ySouth Korea's exports rose 7.7 percent year-on-year in September for the first time in seven months. They rose 3.6% in February but fell for six months in a row due to COVID-19. Whether the recovery in Korean exports will continue in the fourth quarter remains unclear as uncertainties persist such…
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