BRITISH STEEL INSTALLS A LASER MEASUREMENT SYSTEM AT THE SKINNINGROVE PLANT British Steel's Special Profiles division has installed a GBP 1 million (USD 1.2 million) state-of-the-art laser measurement equipment, which is part of a suite of patented technologies currently bein...
INDIA'S METAL COMPANY POSTS 12 PCT NET PROFIT GROWTH IN Q4 FISCAL YEAR 2022 Shyam Metalics and Energy reported a 12 percent increase in consolidated net profit to INR 433.2 crore (USD 56 million) in Q4 FY22 ended March 31, 2022, on a 22 percent increase in net sales to INR 2,...
JAPAN'S THIRD-BIGGEST STEELMAKER AIMS TO BOOST LOW CARBON-STEEL SALES IN 2030 Kobe Steel Ltd, Japan's third-largest steelmaker, plans to sell one million tons of low-carbon steel per year by 2030, in line with a global push toward decarbonization, according to its president. C...
STEEL PRICES IN EUROPE FALTER AS DEMAND EASES The rapid rise in European steel prices slowed in late April and early May, owing to Russia's invasion of Ukraine. As a result of the initial panic buying, stocks were depleted throughout the supply c...
LIBERTY STEEL PROCLAIMED 200 JOB CUTTING PROSPECTS IN THE UK According to The Guardian, the firm said on April 8 that it will slash 160 positions at a facility in Stocksbridge, South Yorkshire, and 45 jobs in West Bromwich, West Midlands, as it shifted operatio...
WIND AND SOLAR ENERGY ARE POWERED BY ALUMINIUM, STAINLESS STEEL, AND OTHER RAW MATERIALS. Aluminium and stainless steel are two renewable energy sources with high raw material needs. However, this is also a significant stimulus for the metal sector. After all, 1 megawatt of renewable energ...
PRICE BOOM AND UNPRECEDENTED BULL CYCLE FOR METALS After ringing the death knell for commodity prices in the course of 2022 at the conclusion of 2021 and the beginning of 2022, consultants and experts' assessments have suddenly turned around. Commodit...
MEXICAN STEEL MARKET PRICES EXPECTED TO RISE According to data, over 80% of market participants expect Mexican finished steel prices to rise further in April owing to increasing raw-material costs. Concerns about low demand, on the other hand, a...
CHINESE STEEL SLABS IN SHORT SUPPLY. JAPAN ONLY GETS STEEL EXCEPTION The Chinese steel industry, according to sources, is running out of steel slabs. While Russia (sanctioned) and Ukraine (many steel mills shut down) used to be the primary exporters of steel slabs, dem...
TRA REVIEWS IN THE UK IMPORT QUOTAS FOR RUSSIA AND BELARUS STEEL TO AVOID SUPPLY SHORTAGE The UK has initiated an investigation into steel imports from Russia and Belarus to see if tariff rate quotas for Russia and Belarus should be reallocated to avoid a steel shortage, according to a sta...
GREEN STEEL PROJECT EXPECTS TO RECEIVE €143 MILLION FROM THE EU The project, led by SSAB, LKAB, and Vattenfall, will demonstrate a whole value chain for hydrogen-based steelmaking, from mine to fossil-free steel, on an industrial scale. HYBRIT was chosen as one of...
BRAZIL'S GOVERNMENT REDUCE TAX ON STEEL REBAR IMPORT After a meeting with Economy Minister Paulo Guedes, industry group Aco Brasil said that only steel rebars would be affected by the government's decision to lower tariffs on several products, including...
