Metallurgy news
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The Beloretsk Metallurgical Plant Mechel Receives the First Lot of Drawing MillsThe Beloretsk Metallurgical Plant of the Mechel Group received four new drawing mills with a total cost of 220 million rubles. This equipment was purchased by the plant as part of the modernization of the cable-rope production. The mills are scheduled to start in the first quarter of 2021. Drawing…
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Import prices for HRC in Europe are consolidatingIn recent weeks, offers from India have risen to € 490 /t (USD 579) for HRCs from Southern Europe. One trader notes that Turkish sources may sell at € 475-485 a tonne francs, but adds that the risk that anti-dumping measures will be confirmed soon is deterring buyers. Since June, prices for…
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Who Benefits From Steel Export To ChinaRising steel prices in China have made exporting to the country “lucrative” for some foreign steel suppliers such as Ukraine and Russia, said Miller Wang, chief consultant at Wood Mackenzie. Indian Tata Steel also exports to China. Since April, it has more than doubled its exports. “Indian mills…
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Coronavirus Crisis Rebuilding Asia's Steel LeadersAt the end of July, Vietnamese steel company Hoa Sen Group made an unexpected announcement: it was abandoning the construction of a $ 10 billion production complex. “The current objective situation is no longer in line with the original strategic goals,” the company said. The group originally…
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Iranian steel exports continue to fallIranian steel exports fell 29% year-on-year in the five months to August 21 to 2.96 million tonnes, despite continued production growth, the Iranian Steel Producers Association (ISPA) said. Production of crude and finished steel increased by 10% and 3%, respectively, to 11.82 million tonnes and 8.8…
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China's steel sector is seeing a rise in demand, which requires curbing import growthChinese steelmakers have offered to prevent a sharp increase in imports of industrial metals and reduce the purchase of steel scrap overseas, according to the China Iron and Steel Association (CISA). Nine steelmakers, including the largest China Baowu Steel Group, Shougang Group and Ansteel Group…
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Celsa Group counts on government fundingSpanish steel supplier Celsa Group is considering applying to a Spanish government aid fund to help overcome the impact of the Covid-19 crisis on its business. “The company is currently scrutinizing the conditions disclosed by the solvency fund and the possibility of using temporary government…
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ArcelorMittal Kryvyi Rih has chosen a contractor for the construction of a new pelletizing plantGeneral Director of ArcelorMittal Kryvyi Rih Mauro Longobardi signed an agreement on the creation of a project and supply of equipment for the construction of a pelletizing plant with the management of Sinosteel (China). In the conditions of quarantine in the world, the solemn signing took place…
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Hydrogen as the future of metallurgy if industry in Europe survivesThere are many signs that the hydrogen revolution will sooner or later affect the steel industry. Before that can happen, however, the European steel industry must face the challenges of carbon dioxide emissions, an uncontrolled influx of steel from Asia or the situation created by the coronavirus…
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ArcelorMittal Research to Reduce Carbon Emissions in Blast Furnacesleading steelmaker ArcelorMittal has announced a new partnership to conduct extensive research to develop an industrial solution to capture carbon from steelmaking using a blast furnace. This research is expected to contribute to a significant change in the way steel is made. The company will…
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