Metallurgy news

• Indonesia names two Chinese nationals as suspects in arson at nickel plant Indonesia has named two Chinese nationals as suspects in its investigation into a deadly explosion at a nickel plant owned by top producer Tsingshan Holding Group. The fire, which killed 21 people, exposed the hidden costs of the Southeast Asian country's rapid expansion of the nickel industry.... 13.02.2024  13:04

• ArcelorMittal on forecasts for demand for flat steel in Europe Demand for flat steel in Europe is expected to grow by 2-4% this year, ArcelorMittal said. Indeed, an improvement in apparent steel demand in January allowed European steel producers to deliver higher prices on the spot market. It is noteworthy that in January, prices for hot-rolled coil in... 09.02.2024  20:25

• SSAB expects higher steel supplies in first quarter despite sluggish demand Swedish steelmaker SSAB, which specializes in the production of steel strip, plate and pipe products, expects to increase deliveries during the first quarter of this year, despite subdued demand from major steel consumers. The forecast was made in the company's financial report for the fourth... 05.02.2024  23:29

• The head of Metinvest said that he is open to future participation in the Ilva project Although Metinvest is prioritizing its future Italian flat-rolled steel plant in Piombino, Metinvest says it may consider becoming a shareholder in troubled steelmaker Acciaierie d'Italia in the future. Currently, Metinvest supplies Taranto with raw materials and purchases slabs from Taranto for... 31.01.2024  14:21

• German steel production in 2023 will be the lowest since 2009 High energy prices and weak demand have led to a historic decline in German steel production in 2023, the national steel industry association WV Stahl said on Tuesday, January 23. In December 2023, the country produced 2.631 million tons of steel, which is 2.3% less than in December 2022. For all... 24.01.2024  23:13

• Tata confirms UK blast furnace closure Tata Steel has confirmed it will close blast furnaces at its Port Talbot steel plant and cut up to 2,800 jobs. The hot rolling mill will continue to operate during the proposed transition period, with subsequent units receiving imported steel raw materials from Tata Steel's plants in the... 21.01.2024  18:56

• Polish factories are raising prices for valves to cover increased production costs Polish mills increased prices for rebar, while the price for wire rod remained unchanged in the week to Friday, January 12, sources told Fastmarkets. According to sources, valve prices in Poland have risen due to higher production costs, including rising raw material prices, coupled with weak... 17.01.2024  11:11

• Steel production in Spain increased by 22% year on year Spanish steel output rose 22% year-on-year in November 2023 to 1.06 million tonnes, bringing underlying production to an eight-month high, data from steel group Unesid showed on January 10. Output in the 12 months to November was 11.3 million tonnes, the highest since March 2023, although still... 11.01.2024  12:35

• Liberty Dunaferr restarts rolling mills Liberty Dunaújváros (Dunaferr) rolling mills, including a hot-dip galvanizing line, have completed their first customer-specific campaign in January. They are "ready" for their next campaign later this month, the spokesperson adds. The firm declined to comment on whether the relaunch was d... 11.01.2024  12:31

• Iron ore price falls Iron ore prices fell for a third straight session on Monday to hit their lowest level in a week as some investors unwinded long positions to lock in profits amid weakening demand and steel margins. Top-traded iron ore for May delivery on China's Dalian Commodity Exchange (DCE) ended the day down... 08.01.2024  14:51