Japanese steelmaker Kobe Steel is considering building an electric arc furnace to replace one of its two blast furnaces in Kakogawa, Japan, in line with its decarbonization strategy, according to a media report by Reuters. In the event of a positive decision, the furnace, which will produce high-grade steel products, will be built after 2030
Japan’s Kobe Steel considers new EAF to accelerate decarbonization Read More »
In the January-April period this year, China’s metallurgical coke exports amounted to 3.33 million mt, increasing by 24.6 percent year on year, as announced by the Chinese customs authorities. In April alone, China’s coke exports totaled 930,000 mt, up 30.2 percent year on year, while rising by 3.3 percent month on month.
China’s coke exports increase by 24.6 percent in Jan-Apr Read More »
The Russian war on Ukraine caused an increase in the demand for Ukrainian female labor in iron and steel factories, in light of the scarcity of male labor due to most of them joining the army. According to what the British newspaper “Financial Times” reported yesterday, Sunday, the Ukrainian company “ArcelorMittal” – the largest steel
Ukraine employs women in iron and steel factories to compensate for the shortage of men Read More »
The company began negotiations with British authorities more than a year ago and steelmakers Tata Steel and British Steel are continuing negotiations with the UK government to finance their green transition, S&P Global reports. According to British media reports, the government is close to signing a deal with British Steel. Secretary of State for Business
The administration of US President Biden confirms that it will increase the customs tariff rate on some steel and aluminum products of Chinese origin under Article 301 from 0-7.5% to 25% in 2024. This comes after an in-depth review by the US Trade Representative. A White House statement said the move is part of anti-dumping
USA Confirms 25% Steel tariff on China Read More »
Saudi Pipelines announced that it had won a contract to supply steel pipes for oil and gas to Saudi Aramco, with an estimated value of 138.6 million riyals ($37 million). The company said, in a statement to the Saudi Stock Exchange (Tadawul), that the duration of the contract is up to 12 months, and it
Saudi Pipelines wins a supply contract for Aramco worth $37 million Read More »
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 161.2 million tonnes (Mt) in March 2024, a 4.3% decrease compared to March 2023. Africa produced 1.9 Mt in March 2024, up 1.1% on March 2023. Asia and Oceania produced 118.3 Mt, down 5.8%. The EU (27) produced 11.6
World crude steel production decreased by 4.3% in March 2024 Read More »
The price of iron ore rose to a seven-week high after Fortescue, the fourth-largest producer, said it expected full-year shipments to be at the lower end of the guideline after disruptions affected supplies from Western Australian mines. Futures prices in Singapore rose nearly 5% before paring gains. The company said that exports decreased by 6%
Iron rises to the highest level in 7 weeks due to “Fortescue” and China Read More »
The festive signing ceremony took place in Vienna on April 17 and saw participation of top-level managers from both companies along with governmental representatives. Primetals Technologies entities in Austria, China, and Germany will supply the complete mechanical scope as well as the process-related electrics and automation solution. The plant is scheduled to be in full
Zhongshou Special Steel Group orders Arvedi ESP for transition to green steel production Read More »
Trade and industrial sources said that overall steel demand in China is expected to remain weak in the traditionally stronger second quarter of this year, after the country’s net exports of semi-finished steel hit their highest level in nearly eight years in March, even as production fell by last year. The sources said that steel
China’s steel demand expected to be weak in traditionally stronger Q2 Read More »
Japan’s trade and finance ministries said on Wednesday they will initiate an anti-dumping investigation into graphite electrodes from China. The electrodes are an industrial material used in electric arc furnace steelmaking. The Japanese government decided to launch the probe in accordance with World Trade Organization agreements and domestic laws, after receiving an application from Japanese
Japan Launches Anti-Dumping Probe Into Chinese Graphite Electrodes for Steelmaking Read More »
The General Authority for the Suez Canal Economic Zone in Egypt signed a contract granting a usufruct right for a land with an area of 750,000 square metres, to the Chinese company “WU’AN Million dollars. The authority said in an issued statement that the project provides 1,200 job opportunities, aims to export 70% of its