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Steelmaking Raw Materials News

Steel prices ease over 10%, coal crisis playing havoc on secondary ...
Tue, 17 May 2022 00:00:00 GMT
Steel sector players are facing some heat owing to high input commodity prices as finished steel products have begun to decline since April after the Russia-Ukraine war broke out. Prices in the long products segment have declined on an average of 10-15 percent to Rs 57,000 per tonne in the Kolkata market from a high of Rs 65,000 a tonne. Coal which is a key raw material for the secondary steel producers has turned out to be the major pain point, officials said. Steel prices from leading

Dalian iron ore rebounds on supply woes, easing of China COVID ...
Tue, 17 May 2022 00:00:00 GMT
Chinese iron ore futures rose on Monday, supported by supply concerns and shrinking portside inventories of the steelmaking ingredient, while the easing of some COVID-19 curbs in the worlds top steel producer also lifted trader sentiment. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange DCIOcv1ended daytime trade 3.9% higher at 834.50 yuan ($122.80) a tonne, after posting its biggest weekly loss in nearly three months on Friday. On the Singapore Exchange, the

Expected demand recovery likely to ease China's steel oversupply
Tue, 17 May 2022 00:00:00 GMT
Chinas oversupplied steel market could soon see some relief as the downtrend in demand is expected to bottom out in the near term, industry sources told S&P Global Commodity Insights May 16. Chinas daily pig iron output hit a record high in April at a time when the market faced tepid demand, keeping steel

Metinvest reduced steel production by 8% in Q1 2022
Mon, 16 May 2022 10:00:00 GMT
Pig iron production decreased by 15% to 1.83 million tons compared to the same period last yea

Structural fabricator expands range to process 80-ft.-long beams
Mon, 16 May 2022 07:00:00 GMT
Expanding fabrication capacity has been an earmark of Haas Metal Engineerings (HME Inc.) cycle of growth since its inception in 1996, so it was only natural for the Topeka, Kans-headquartered fabricator to add structural beam processing machinery for very long beams. HME selected a Peddinghaus BDL-1250/9D drill line, a DG-1250 band saw, and a single-torch coping

Stop waste and scrap export to countries not meeting EU environmental ...
Mon, 16 May 2022 00:00:00 GMT
The current Waste Shipment Regulation proposal lacks effective measures to tackle environmental challenges of waste exports and to enhance EU resiliency on valuable secondary raw materials, risking to undermine the EUs Circular Economy and Green Deal objectives, warns the European Steel Association (EUROFER) on the occasion of the presentation of the draft report by the Environment Committee at the European Parliament. The current provisions on waste export are clearly insufficient and

Corum Group restarts production after relocation of facilities
Sun, 15 May 2022 10:00:00 GMT
Druzhkivka Plant fulfills orders for DTEK Energo miners

Ukraine: DMZ to re-launch one coke-oven battery
Fri, 13 May 2022 09:35:13 GMT
In June, Dneprovsky Iron and Steel Works intends to re-launch one of its coke-oven batteries. The works has enough raw materials to increase by-product coke capacities. In April, the enterprise produced 12 thousand tons of coke and in May intends to produce 17 thousand tons. In the first half of March, due to the

Metal Exchange names president of Pennex Extruded Products
Thu, 12 May 2022 12:54:00 GMT
Nonferrous metals provider Metal Exchange Corp. has announced the Mark Butterfield has joined the company as president of Pennex Extruded

Thyssenkrupp's earnings win over costs in first half-year
Thu, 12 May 2022 00:00:00 GMT
Despite macroeconomic and geopolitical headwinds, thyssenkrupp was able to continue its good performance into the second quarter of the fiscal year through September 2022 (FY22). The groups order intake went up by over 50% year-on-year to 13.6 billion ($14.4 billion). Key drivers were higher market prices for steel achieved by its mill unit, tk

Metinvest to conduct scheduled maintenance of Italian re-rolling ...
Wed, 11 May 2022 18:22:55 GMT
Metinvest, an international vertically integrated group of steel and mining companies (jointly referred to as Metinvest or the Group) decided to move the scheduled maintenance of the Italian re-rolling plants of the Group Metinvest Trametal (S. Giorgio di Nogaro, UD) and Ferriera Valsider (Vallese di Oppeano, VR) from August 2022 to May

China iron ore hits nearly 2-month low on interest rate, demand ...
Wed, 11 May 2022 00:00:00 GMT
Chinese iron ore futures dropped up to 7% on Tuesday to touch their lowest in nearly two months, fuelled by concerns of higher interest rates and still-stagnant demand at home. The U.S. Federal Reserve approved half-a-point interest rate hike last week, and said could stick to that for the next two to three meetings and then assess how the economy and inflation are responding before deciding whether further rises are needed. That has led to significan't decline in commodities prices

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