Arab Steel Summit

Europe

ArcelorMittal invests $38.5 million in the modernization of a Coke plant in Poland

ArcelorMittal is investing $38.5 million for its coke plant’s modernization in Zdzieszowice, Poland. The upgrade includes three flue-gas denitrification units installation for the CHP cogeneration plant, which will significantly reduce nitrogen oxide emissions and provide heat for the CHP plant, which uses coking gas, to more than 7,000 consumers. In addition, the reconstruction project of […]

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Midrex and Thyssenkrupp cooperate to reduce carbon dioxide emissions

Paulwurth and Midrex Technology will collaborate in the engineering, procurement and construction of the Midrex Flex Direct Reduction plant with a capacity of 2.5 million t/year for Thyssenkrupp Steel Europe, located in Duisburg, Germany. The plant will initially operate on reformed natural gas containing 50% or more hydrogen (H2) at the inlet of the furnace

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Germany’s steel production declined by 6.9% in February 2023

In February 2023, Germany’s crude steel production decreased by 6.9% compared to the same month in 2022 and increased by 2.3% compared to January 2023, reaching 2.994 million tonnes, according to WV Stahl, the German Steel Association. In February 2023, the volume of steel smelting from transformers reached 2.04 million tonnes, which is 4.9% less

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France’s steel products imports and exports rose in 2022

According to statistics from the French Ministry of Economy, Finance and Industry, in 2022, France’s import value of primary steel and ferroalloy products amounted to 13.08 billion euros, an increase of 27.3% year on year. France’s exports of primary steel and ferroalloy products amounted to 13.70 billion euros, an increase of 19.4% year-on-year. The value

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ArcelorMittal plans to restart blast furnace N° 2 at its factory in France in April 2023

ArcelorMittal, one of the world’s largest steel producers, plans to restart blast furnace N° 2 at its plant in Fos-sur-Mer, France, in April 2023. The company stopped one of the melting furnaces of the French factory in December 2022 due to high electricity costs, high volume of imports of steel products into the European Union,

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The German steel industry needs state support for its green transition

In its report last week, the Scientific Advisory Board of the Federal Ministry for Economics and Climate Protection (BMWK) recommended increased attention to green markets. On the other hand, the document criticized climate protection agreements. “Restricting climate protection agreements to individual pilot projects, as suggested by the advisory board, would be counterproductive”, said Martin Theuringer,

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ArcelorMittal raises flat steel prices to 820 EUR/tonne

ArcelorMittal, Europe’s largest steel producer, raised prices for hot-rolled coil (HRC) to 820 EUR/t and galvanized (HDG) flats to 940 EUR/t. The new offers are €40/t higher than the company’s latest official offers of €780/t for hot-rolled coil (HRC) and €900/t for (HDG) galvanized flats. The new offers come after some buyers were accepted last

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UK is reviewing tariffs and quotas for all types of steel for developing countries

The UK’s Trade Remedies Authority (TRA) announced that it had expanded its tariff quota review (TQR) to all steel from more than 120 developing countries. The review, which covers the period from January 1, 2022, to December 31, 2022, addresses whether exceptions to imports from developing countries need to be revised for all types of

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Green Alliance: British Steel and Tata Steel should switch to electric furnaces to get support from the state

The UK’s Green Alliance believes that British Steel and Tata Steel, the UK’s two largest steelmakers, should shift half of their production to electric arc furnaces (EAF) to receive state subsidies. Analysts have urged the government to include a green transition clause in the £600m support package for steelmakers. In their view, any new financing

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Tisco cooperates with SMS group to expand its stainless steel products

The German SMS group announced that the Taigang Stainless Steel Company – Tisco has succeeded in producing the first plate of the new heavy plate production unit, which is the strongest hot rolling unit of its kind provided by the SMS group. The new unit is designed with an annual production capacity of 700,000 tonnes

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EUROFER welcomes the new rules for the export of scrap from the European Union

The EU Environment Committee has adopted revised rules for the Waste Shipping Regulations to promote the EU’s circular economy, resource efficiency, and zero pollution goals. Whereas MEPs voted in favour of the position of the Committee on Environment, Public Health and Food Safety (ENVI), which was adopted in December 2022. It will become the basis

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Tata Steel: UK needs more than 10 million tonnes of steel

UK-based Tata Steel, a subsidiary of Indian steel producer Tata Steel, has published new research revealing that the UK will need more than 10 million tonnes of steel over the coming years to become more energy efficient. Accordingly, more than 5 million tonnes of steel will be required to build thousands of offshore wind turbines

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Establishment of the largest green steel production plant with a capacity of 2.5 million tonnes in Finland

Norway’s Blaster Green Steel, which specializes in the green steel industry, has announced plans to construct a plant in the southern Finnish province of Inga. Investment in this project is estimated at 4 billion euros ($4.2 billion), and it will contribute to the creation of 1,200 jobs upon completion, which could make it the most

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Salzgitter Flagschtal contracts SMS Group to develop a hot rolling mill

Salzgitter Flachstahl, located in Salzgitter, Germany has awarded SMS group the contract to supply a new process model for the cooling section in its hot rolling mill. According to Salzgitter Flachstahl, the crucial factor behind its decision in favor of SMS group was “the combination of price and technological concept”. As part of the order,

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European Union agrees to set the gas price ceiling at 180 euros

The Maltese Minister of Environment and Energy, Miriam Daly, announced today, Monday December 19, that the energy ministers of the European Union agreed to set the ceiling for the price of gas in the Union at 180 euros per megawatt per hour. ”It was agreed on a price cap and when the market correction mechanism

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US and European Union are considering imposing new tariffs on Chinese steel and aluminum

A US agency revealed that the United States and the European Union are considering imposing new tariffs on Chinese steel and aluminum as part of the fight against carbon dioxide emissions Bloomberg reported, citing sources familiar with the situation, that the idea originated in the administration of US President Joe Biden, but it is still

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President of the European Commission: We must cooperate with America to avoid a devastating trade war

European Commission President Ursula von der Leyen said today that the United States and the European Union should invest together in clean technology and not risk a devastating trade war. Von der Leyen said in a speech at the College of Europe in Bruges that in the face of climate change and competition from China,

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World’s first green steel mill relies on SMS Group with Midrex

Midrex Technologies, Inc. (Midrex) and Paul Wurth, an SMS Group company, announce a signed agreement with H2 Green Steel to supply the world’s first commercial 100 percent hydrogen direct reduced iron (DRI) plant. The 2.1 million tons per year MIDREX H2 Plant will be located in Boden, northern Sweden. H2 Green Steel will produce green

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German steel federation calls for natural gas price cap

The German steel federation Wirtschaftsvereinigung Stahl (WV Stahl) has stated that the German government’s third package of relief measures is not enough to prevent massive effects of high energy prices on the industrial foundations of the country’s economy. According to the statement, the significant increase in natural gas and electricity prices compared to spring last

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Europe’s largest steel group to shut wo plants in northern Germany as gas prices soar

ArcelorMittal said on Friday it would switch off one of two furnaces at its steelworks in the German city of Bremen until further notice from September-end, citing the soaring cost of gas, weak market demand and a negative economic outlook. The world’s second-largest steelmaker said it will also shut down the direct reduction plant at

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Russia cuts off the gas entirely to Europe

The Russian company “Gazprom” announced, on September 2, the suspension of gas supplies through the natural gas pipeline “Nord Stream” completely until the pipeline turbine is repaired, as it was intended to resume work on September 3, after the maintenance process. Gazprom said in a statement that it discovered an oil leak in the turbine

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UK maintains AD duty on CRC from China and Russia

The UK government has approved the UK Trade Remedies Authority’s (TRA) proposal of maintaining the existing antidumping measures on imports of cold rolled flat steel from China and Russia at their current levels until August 5, 2026, as expiration of the existing antidumping duty orders on imports of cold rolled flat steel from China and

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World crude steel production declined by 6.5% in July 2022

News, steel Statistics / user

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 149.3 million tonnes (Mt) in July 2022, a 6.5% decrease compared to July 2021. Africa produced 1.2 Mt in July 2022, down 5.4% on July 2021. Asia and Oceania produced 110.1 Mt, down 5.2%. The EU (27) produced 11.7

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British Steel Raises Steel Section Prices on Surging Energy Costs

British Steel has hiked prices on some products as surging energy costs squeeze profit margins for manufacturers across Europe. The increase of £100 ($121) a ton from one of the UK’s top producers will apply to structural sections, a form of steel used in construction, a spokesman said. The company earlier increased prices on the

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Gas prices in Europe hit record levels for the first time in 5 months

Gas prices in Europe hit new record levels, for the first time in 5 months, amid continued uncertainty in global markets. The price of gas in Europe rose above $2,500 per thousand cubic meters during trading Tuesday (August 16), for the first time since March, according to data provided by the London Stock Exchange and

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German Thyssenkrupp profits rise on steel price rebound

Thyssenkrupp’s third-quarter operating profit nearly tripled on the back of higher steel prices, the German conglomerate said on Thursday, but it added that it faced headwinds from high raw material prices and rising interest rates. The company’s adjusted earnings before interest and tax (EBIT) reached 721 million euros ($743 million) in the April-June period, up

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Danieli announces the supply of a new Q-One digital power feeder technology to the Polish Cognor Company

Danieli has contracted with Polish steelmaker Cognor to supply a patented Q-One digital feeder from Danieli Automation to improve EAF performance and reduce operating costs to replace the current transformer 48-t EAF in Stalowa Wola, Poland. The company notes that the Q-One technology reduces electrical power consumption by about 10% and pole consumption by at

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Tata Steel threatens to close UK steelworks without £1.5bn of aid

Group running UK’s largest steel plant says it wants agreement with government on help with emissions The owner of the UK’s largest steelworks, Tata Group, has threatened to shut down operations if the government does not agree in the next year to provide £1.5bn of subsidies to help it reduce carbon emissions. Tata Steel UK

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Oil rises to the highest level in two months, and Brent crude breaks the barrier of $119 a barrel

Oil prices continued to rise to their highest level in two months, with gains supported by expectations of reduced supplies due to increased gasoline consumption in the United States during the summer and the possibility of the European Union ban on Russian oil imports. By 22:28 on May 27, Abu Dhabi time, Brent crude rose

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Egyptian Ferrous alloys Company exports 35,000 tonnes to the European Union

Eng. Eid Muhalal, Managing Director and CEO of the Egyptian Ferroalloys Company of the Ministry of Public Business Sector, revealed that the export file is one of the most important files the company is interested in within the framework of the state’s plan to maximize the volume and value of locally manufactured exports to ensure

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