Metallurgy news
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Electric furnace overhaul completed at DneprospetsstalAfter reconstruction, the electric steel-making furnace No. 6 was put into operation at SPC-2 Specialists from SPC-2, ERTs, TsRMO, ORB, Purchasing and steelmaking departments took part in the work. In the course of the repair, all starting equipment, a short circuit, starters were replaced, an…
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Steel market in China predicts growth in demand in SeptemberDomestic steel demand in China will improve this month as mills maintain high production levels and traders actively fill their warehouses, according to Chinese steel market participants polled by Mysteel Global on September 3. September-October in China is always a busy season for steel…
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HRC deficit leads to further growth in slab prices in the CISExport prices for slabs in the CIS are growing on the back of an increase in hot-rolled steel and scrap. Demand from China, Southeast Asia and Turkey is pushing suppliers towards higher bids, while limited availability ensures that they make significant progress in reaching them in this round of…
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New ASEAN Steel Manufacturing FacilityThere are many new investments coming from China. One of the main reasons is the reform of the Chinese government's proposal. One of the areas of the supply reform initiative was to optimize iron and steel capacity, force the shutdown of inefficient facilities and consolidate state-owned…
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Posco discusses coping strategies after COVID-19The Korea Herald reported that Posco opened its two-day Posco 2020 forum on Wednesday to diagnose the rapidly changing business environment and assess the group's future business strategies. The live-streamed forum was organized with a limited number of personal participants, including presidents…
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Export sales of pig iron from CIS countries are growingExport sales of pig iron from the CIS countries picked up last week, orders came from all traditional destinations, including the United States, where negotiations had taken place a week earlier. The Ukrainian supplier has sold a total of 120,000 tonnes to US buyers, with one small batch to be…
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OMK to build a complex for the production of steel in an electric arc furnace based on DRI pelletsRussian manufacturer of steel pipes and railroad wheels OMK will build a steel pellet mill - Russia's first iron ore complex and steelmaking facility to be installed at a single site, with a 70% reduction in CO2 emissions compared to traditional oxygen fuel. oven. The complex, which is expected to…
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Thyssenkrupp presents an innovative green steel conceptThyssenkrupp CEO Martina Merz presented the concept for the first direct reduction blast furnace 2.0 unit with an integrated smelter at the Duisburg site. The currently unique concept of this type has several advantages. It is largely based on the existing structures of Europe's largest steel…
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Trump cuts Brazilian section 232 steel import quotaUS President Donald Trump, citing the protection of the US domestic steel industry, has lowered the restriction on acceptable steel supplies from Brazil. In a proclamation released late Friday night, Trump amended a previous ruling under Section 232 of the Homeland Security Authority to lower the…
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Steel prices in China may rise in SeptemberBoth fundamentals and market sentiment will support steel prices in China in general and rebar in particular in September, while coke and scrap prices may remain on an upward trend, while iron ore prices may fall from highs said Wang Jianhua, chief analyst at Mysteel, his short-term forecast for…
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