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World steel production in December 2022 collapsed by 10%

The largest drop in production at the end of 2022 was shown by the EU countries (27), which produced 9.2 million tons of steel, which is 16.7% less...

British scientists have found a way to cut CO2 emissions from steel production by 90%

Researchers at the University of Birmingham have developed an innovative method for existing furnaces that can reduce CO2 emissions from steel...

Steel production in China rose in the first decade of January

In the first 10 days of January 2023, 1.93 million tons of steel were smelted in China, which is half a percent more than in the first ten days of...

UK is ready to give 300 million pounds to save British Steel

Save our Steel: The UK government hopes this will convince the Chinese Jingye Corporation to stay in the UK business and continue to invest in the...

Zaporizhstal Metallurgical Plant mastered eight new types of products in 2022

During 2022, the Zaporizhstal metallurgical plant of the Metinvest group launched the production of eight new types of cold-rolled and hot-rolled...

British Steel seeks financial support from the government to continue work

The collapse of British Steel could cost the UK government up to £1bn...

Analysts confident of significant growth in global demand for galvanized steel

The global galvanized steel market is expected to grow by 86.6 million tonnes in 2022-2027, growing at a CAGR of 4.11% over the forecast period....

Misif Appeals Government Agencies Over Electricity Surcharge Decision

The steel industry is in dire need of competitive energy costs...

Australian billionaire reveals green steel plans

Andrew Forrest, CEO of Fortescue, aims to become a major producer of clean energy...

POSCO resumes production at typhoon-affected steel plant in Pohang

To minimize the impact of the typhoon on its business, POSCO increased production at its steel plant in Gwangyang, 423 kilometers southwest of Seoul,...

ArcelorMittal launches flagship carbon capture and recycling project in Belgium

The Ghent projects are an important part of ArcelorMittal's 2030 climate change roadmap, which aims to reduce the carbon intensity of its steel...

Analysts predict 5% annual growth in the iron casting market through 2030

The global market for iron and steel castings will increase to 2.5 trillion US dollars by 2030 with an annual growth of 5.5% - Spherical Insights...

Oman to build a new steel plant worth $3 billion in 3 years

The construction of the new steel plant is expected to be completed by 2026, after which it will produce five million metric tons of green steel per...

Metinvest enterprises in Ukraine resumed work after massive shelling of infrastructure

Although the electricity supply has since been partially restored, industrial producers use electricity from the grid within the available quotas,...

Ukraine reduced the export of semi-finished products from carbon steel by 70.3%

The main exports of ferrous metallurgy enterprises of Ukraine were to Italy (30.90% of supplies in monetary terms), Turkey (12.77%) and the Dominican...

China to halve ferroalloy production due to weak demand

Indian exporters of ferroalloys are preparing to take advantage of the reduction in production in China, which will receive additional opportunities...

ArcelorMittal invests $25 million in nuclear technology development

The investment can accelerate the world's zero-emissions transition and support the decarbonization of the steel industry, which is inextricably...

Zaporizhstal summed up the results of production in October 2022

Since April 2022, the plant has been operating at an average of 50% of its capacity due to the escalation of hostilities in the region....

European metallurgists failed to raise prices by reducing steel production

In early September, European steelmakers were pushing for massive price increases to protect profits from a sharp rise in energy prices. These...

Income from Ukrainian steel exports decreased by 62% since the beginning of the year

In January-September of the current year, the metallurgical enterprises of Ukraine reduced the proceeds from the export of ferrous metals to $3.97...

Russian steel production in 2022 may fall by 10% - government forecast

Russian metallurgists have been seriously affected by the sanctions, reducing their presence in the European market. The draft strategy for the...

British Steel owner asks government for financial support

Jingye Group, which bought the company out of bankruptcy just two years ago, said blast furnaces are not viable without huge cash injections...

Tata Steel merger plan to secure long-term profits

Indian company TSL announces merger with six subsidiaries and one associate using a share swap instead of cash...

Ukrainian court invalidated sale of Ferrexpo Plc shares in 2002

Former shareholders filed claims to invalidate the purchase of shares...

Steelmakers are exploring the use of hydrogen for energy-intensive processes

Steelmakers are looking to reduce the use of highly polluted coking coal as an ingredient in making steel from iron ore and switch to cleaner energy...

Turkey in January-July increased imports of pig iron by 46.7%, tripling purchases in Russia

Supplies of pig iron from Russia to Turkey increased by 198.1% over seven months, reaching 589 thousand tons....

IREPAS: The global long products market is in a "dramatic situation"

Manufacturers around the world suffer from limited market access and high levels of competition, especially from Russia, which is extremely flexible...

ThyssenKrupp invests 2 billion euros in the construction of Europe's largest DRI plant

The board of directors of Germany's largest steel producer has decided to build Europe's largest direct reduced steel plant....

ArcelorMittal raises European steel prices on rising energy prices

The largest steel producer in the European Union was one of the last metallurgists to announce an expected increase in steel prices due to soaring...

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