Metallurgy news

• Vietnamese Formosa cuts prices for hot rolled steel The Vietnamese HRC market was sluggish last week. Vietnamese company Formosa Ha Tinh has cut prices for hot rolled coil for January /February shipments. The price cut by the leading manufacturer is quite realistic due to the downturn in the market. On November 12, the mill announced that HRC... 15.11.2021  11:36

• China Port Iron Ore Reserves Peak Since August 2018 By November 11, total stocks of imported iron ore in China's 45 major ports rose to a high since August 17, 2018, at about 150 million tons after a seventh week increase of 3 million tons, or 2.1%, mainly due to a decline. in terms of daily unloading, it outstripped the lower receipts of new... 15.11.2021  11:33

• Semiconductor shortage will decrease in 2022 According to vostalpine CEO Herbert Eibensteiner, the auto industry is still plagued by semiconductor supply chain problems and supply cuts are unlikely to occur until the middle of next fiscal year. “However, in this regard, it is important to note that the decline in car production is not r... 12.11.2021  11:02

• China's steel production declines in October for sixth consecutive month The China Iron and Steel Industry Association reported on November 9 that daily crude steel production in China declined for the sixth straight month in October, falling 4.9% from the previous month and hitting a 44-month low. Industry sources expected China's steel production to continue to... 12.11.2021  10:53

• British Steel announces low-carbon roadmap British Steel has announced a mild steel roadmap outlining how to achieve its zero emissions target. In line with UK commitments under the Paris Agreement, the company has pledged to invest in a range of technologies to produce zero-clean steel by 2050 and significantly reduce CO2 emissions by... 12.11.2021  10:49

• ArcelorMittal in Poland invests in a coke plant ArcelorMittal Poland's coke plant in Krakow will receive an investment of PLN 31.5 million in the modernization of the coke oven battery dust collector, as well as in the construction of a desorption tower and an ammonia supply unit. With this investment, the plant will reduce its environmental... 11.11.2021  11:58

• The rolled metal market in Vietnam plummeted The Vietnamese hot rolled coil import market is extremely weak. Its decline is attributed to declining commodity prices and the return of Chinese exporters due to the weakness of China's domestic market. Traders are hoping that more stable raw materials can support the HRC. “The iron ore and c... 10.11.2021  11:35

• New Steel Capacities Overview October 2021 Europe ArcelorMittal announced that it is investing € 1.1 billion in the construction of a new DRI plant with two arc furnaces in Ghent. The recently refurbished blast furnace B will remain in operation and the facility will be converted to a steelmaking facility with less carbon-intensive p... 10.11.2021  11:22

• Japan asks to abolish Section 232 duties on steel Japanese Commerce Minister Koichi Hagiuda has asked the United States to exempt Japan from Section 232 duties on steel and aluminum imports, according to the Ministry of Economy, Trade and Industry (Meti). This happened after the recent signing of a trade agreement between the US and the EU. As... 10.11.2021  11:18

• Countries Committed to Buying Green Steel - COP 26 The governments of the UK, India, Germany and Canada have announced their intention to purchase low carbon steel through the Deep Industrial Decarbonization Initiative (IDDI) announced on Tuesday 9 November. A group of countries announced their intention to purchase low carbon steel and concrete... 09.11.2021  20:08