Metallurgy news
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Steel prices in the EU fell in MayThe recent negative dynamics of European flat steel prices continued in May. Lower demand from the auto sector still undermines steelmakers' ambitions to increase base prices. Moreover, overall market activity is below forecasts for this time of year. Global trade tensions and political uncertainty…
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JSW wins Danieli modernization contractItalian smelter builder Danieli has been awarded a contract to replace the primary descaler, hot plate leveling line, and # 1 sheet steel cutting line at JSW Steel USA's Baytown, Texas. The intention of the steel mill is to improve the productivity of the mill. The first phase of the project has…
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Analysts see long-term price support for steel productionWith iron ore prices topping US $ 100 /t CFR in China for the first time this year, reaching their highest level since early 2014, leading analysts see an opportunity for China's steel production to increase in April to over 1 billion tonnes on an annualized basis. Brazilian iron ore cutbacks at…
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Interpipe has certified the premium sleeveless UPJ-F connection at CAL IVThe Ukrainian industrial company Interpipe has certified its own premium sleeveless connection Interpipe UPJ-F for compliance with the international standard ISO 13679 CAL IV (Connection Application Level). In general, it took the Company about a year to develop, master, test and certify a new…
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British Steel goes bankruptThe UK government has confirmed that British Steel is being administered, although no formal confirmation has yet been received from the company itself. A manufacturing specialist, headquartered in Scunthorpe, has been in discussions with the government for a bailout loan, which is reported to be…
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The use of steel scrap in production increased by 10.1%Scrap steel consumption rose 10.1% to 469.3 million tonnes last year in countries that account for 81% of global steel production as these countries, including China, seek to reduce their carbon emissions, Rolf Villek said on Tuesday. Statistical Adviser to the International Bureau of Waste…
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US Can't Lose Benefit from Steel TariffsOn Friday, when the Trump administration decided to suspend Article 232 tariffs on steel imports from Canada and Mexico, groups representing the US steel industry said the US and its North American trading partners must be vigilant to prevent an increase in levels. import to the continent. , “232…
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Posco Seeks Facilitation Of Steel Imports To Mexico Against USSouth Korea's largest steelmaker Posco turned to Mexico for steel import assistance after failing to persuade the United States to lift the Korean steel quota. According to the Korean steel giant, the company has asked the Mexican government to consistently increase its import quota for automotive…
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MMK is approaching the completion of the construction of the second stage of a modern sinter plantIt is expected that the new high-tech sinter plant of PJSC Magnitogorsk Iron and Steel Works (MMK), the second stage of which is planned to be put into operation in the near future, will add c. USD 40 million to EBITDA of the Company per year. In addition to increasing productivity, the unit should…
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Tokyo Steel keeps steel prices unchanged in June for 6th consecutive monthTokyo Steel Manufacturing Co Ltd, the largest electric arc furnace steel producer in Japan, said on Monday that steel product prices will be stable in June for the sixth consecutive month, citing a weaker overseas market and strong domestic inventories. In June prices for steel bars, including…
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