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...
Ferrous metallurgy
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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...
EU steel consumption hits third recession in four years: Eurofer
Steel demand in the EU is projected to decline by 1.7% in fiscal year 2022. In 2023, production will accelerate only moderately, by 2.2%, due to the...
Danieli announced the massive transition of Chinese metallurgists to electric arc furnaces
Chinese steelmakers have ordered eight new EAF units from Danieli. They all chose the original horizontal continuous scrap loading system, which...
Export earnings of Ukraine from trade in semi-finished steel decreased by 60%
In physical terms, Ukrainian exports of semi-finished products from carbon steel decreased by 64% compared to the same period last year - to 1.5...
POSCO Expands Collaboration with Global Iron Ore Supplier Vale on Mild Steel Raw Materials
The South Korean steel giant is strengthening cooperative relationships with global raw material suppliers to strengthen its global competitiveness...
British metallurgists raise steel prices again due to rising energy prices
Despite the market's downward trend in steel prices, British Steel has once again raised prices for some rolled products as rising energy costs...
Voestalpine invests 100 million euros in the reconstruction of the hot-dip galvanizing lines in Linz
The metallurgical company plans to expand the range of high-strength galvanized steels by increasing the size of the strip and reducing the thickness...
China reduced steel exports in July by one million tons or 12%
In seven months of 2022, China exported 40.073 million tons of steel, which is 6.9% less than in the same period last year....
ArcelorMittal expects real steel demand in Europe to be 'at least stable'
Europe's steel demand may even pick up once the seasonal market lull ends, Genuino Cristino, chief financial officer of the EU's largest...
ArcelorMittal's profit beat expectations
However, the manufacturer notes the risks associated with spiral inflation, the war in Ukraine and China's restrictions due to COVID-19....
Chinese steel mills to suspend several production lines in August
S&P Global Commodity Insights survey of 18 large steel plants in different regions of the country showed the reasons reduction in steel output...
India's JISPL extends blast furnace maintenance indefinitely
Indian metallurgists may have decided to cut steel production after domestic demand weakened and the government imposed export duties on the export...
