Metallurgy news

• Insane growth continues in Turkish scrap metal market This week, Turkish mills further increased purchase prices for scrap metal on the domestic market, Callanish said. This is mainly due to the weakening of the lira and the sharp rise in the price of imported scrap over the past two weeks. Meanwhile, the mills continue to buy imported scrap at... 14.10.2021  10:44

• Iron ore prices decline due to reduced steel production Iron ore prices fell as investor attention shifted back to control of China's steel production. According to Fastmarkets MB, a 62% iron benchmark ore imported into North China changed hands at $ 129 a tonne, down 4.6% from Monday's close. “China's plans to increase flat products production t... 13.10.2021  10:32

• China's daily steel production up 0.6% in early October Daily crude steel production at China's 247 blast furnace (BF) and 71 electric arc (EAF) plants in the Mysteel study increased slightly to 2.6 million tonnes per day on average in the first decade of October, an increase of 16,100 t /d or 0. 6% from the end of September, due to the weakening of... 13.10.2021  09:43

• North American flat steel maker invades scrap metal recycling business Cleveland-Cliffs, the largest flat steel producer in North America, has announced its entry into the scrap metal market through the acquisition of a scrap recycling company in Detroit. The deal is expected to close in the fourth quarter of 2021, subject to regulatory approval and other normal... 13.10.2021  09:38

• China Baowu signs contracts to expand steel ecosystem China Baowu has signed agreements with 11 Chinese private steel companies to actively build a high quality steel ecosystem. It was reported that Kunming Iron and Steel Holdings Co., Ltd., one of the top 500 Chinese enterprises and the largest joint steel production in Yunnan province, has... 13.10.2021  09:34

• Metinvest and K1-MET will join the international research consortium for the recycling of industrial waste We are pleased to announce that Metinvest, an international vertically integrated group of mining and metallurgical companies (Metinvest or the Group), and K1-MET, a leading Austrian research center in metallurgy, will participate in an international research project in the field of sustainability... 12.10.2021  12:01

• A modern oxygen complex will be built in Mariupol Metinvest Group is renovating the production facilities of MMK im. Ilyich. The company is in the active phase of the construction of a modern air separation unit in Ukraine. The total investment in the project will amount to USD 83.5 million. Today, the availability of equipment for the storage... 12.10.2021  10:54

• In August, supplies of Russian pig iron to the United States decreased significantly In August, shipments for export of Russian pig iron to the United States amounted to 173.4 thousand tons. This is 64% lower than in July and 23.6% - on an annualized basis. A month earlier, these indicators were + 81% and +4 times, respectively. In general, in January-August, the volume of... 12.10.2021  10:51

• Scientists are exploring the possibility of mining iron, nickel and cobalt on asteroids In an article published in the Planetary Science Journal, the researchers explain that metal-rich near-Earth asteroids were created when the cores of developing planets collapsed catastrophically early in the solar system's history. The team is studying asteroids 1986 DA and 2016 ED85 in detail... 12.10.2021  10:16

• Liberty Steel will restart its steel operations in the UK The GFG Alliance, led by Sanjeev Gupta, has announced plans to commit £ 50 million to restart its Liberty Steel Rotherham (EAF) electric arc furnace and to operate its Stokesbridge plant. This is expected to save most of the roughly 1,000 jobs. The alliance has entered into a debt restructuring ... 12.10.2021  10:12