08/ 05/ 2022

Iran boosts direct reduced iron exports by 25% to 1 million tons

One of the most important reasons for the increase in the production of sponge iron in Iran is the creation of new factories. In recent years, thanks to its new strategy and with the participation of the private sector, the country has been able to launch several projects for the production of ...

07/ 05/ 2022

Metallurgical plant in Krivoy Rog continues to operate at 20% of installed capacity

ArcelorMittal Kryvyi Rih has only one blast furnace in operation, launched on April 11 to keep iron production ...

07/ 05/ 2022

Vale signs long-term nickel supply deal with Tesla

Vale said the agreement is in line with the Brazilian company's plans to boost nickel sales in the electric vehicle ...

06/ 05/ 2022

UK imposes sanctions against Russian steel producer Evraz

The metallurgical company of Roman Abramovich came under British sanctions due to being the main producer of rails and railway wheels in Russia. Earlier, Abramovich himself was ...

06/ 05/ 2022

Vitkovice Steel stops steel production due to anti-Russian sanctions

The Ostravka Metallurgical Plant was unable to receive Russian slabs shipped to it by sea on Russian ships that fell under European sanctions, and declared force majeure on ...

06/ 05/ 2022

Brazilian steel demand to grow by 2-4% in 2022 - Gerdau

Gerdau Chief Executive Officer Gustavo Werneck said the premium with which domestic materials are sold in the country compared to imports has become ...

05/ 05/ 2022

ArcelorMittal predicts fall in global steel demand due to war in Ukraine

A bleaker outlook for steel consumption came after the International Monetary Fund cut its global growth forecast last month.

05/ 05/ 2022

UK faces sharp rise in steel and timber prices in March

Prices for wood and metals have soared again after several months of gradual decline after the Russian invasion of ...

05/ 05/ 2022

US steel market sentiment becomes more price neutral

Most of the respondents surveyed by Platts attributed the stability of U.S. steel prices to declining scrap prices, but Russia's incursion into Ukraine and changes in the supply chain could further increase the volatility of import commodity ...

05/ 05/ 2022

Dneprovsky metallurgical plant "Kametstal" works with 100% capacity utilization

The plant in Kamenskoye is fully provided with orders and operates with a full load of metallurgical capacities. However, in the coming days, he plans to stop one of the three blast furnaces for a scheduled ...

05/ 05/ 2022

Ukraine in March lost about 70% of foreign exchange earnings from the export of rolled metal

According to the customs service, exports of ferrous metals from Ukraine in March amounted to $1.16 billion, while imports - $92.7 ...

05/ 05/ 2022

EU steel consumption could fall by almost 2% in 2022 - Eurofer

Steel consumption in Europe rose sharply in 2021 by 15.2% after a deep 10.7% decline in 2020 caused by the ...