The American metallurgical company Steel Dynamics announced that it will build a plant for the production of rolled aluminum with a capacity of 650,000 tons per year and a cost of $1.9 billion in Columbus, Mississippi. The company announced this project in July 2022. The new facility will be located next to the existing SDI Columbus steel plate plant. According to the company, this will reduce costs through economies of…
In August 2022, global steel production fell again. According to the World Steel Association (WSA), 150.6 million tons of steel were smelted during this period, which is 3% less than in August 2021 and 0.9% more than in July 2022. This is stated in issue No. 1496 of the monthly bulletin “Sectors of the Russian economy: production, finance, securities. Ferrous and non-ferrous metallurgy” dated October 26, 2022. In total, in…
The metallurgical industry in Europe may disappear amid the energy crisis, the Polish edition of Kresy informs about this. Representatives of European trade unions wrote a letter describing this problem. They said that metallurgy is the “heart of European industry”, it is indirectly responsible for 2.2 million Europeans. According to them, the climate and energy policy of the EU countries is “out of touch with reality.” Union members stressed that…
JSW aims to reduce CO2 emissions intensity by 42% by 2030 compared to 2005 baseline India’s JSW Steel has signed a memorandum of understanding with US fintech Smartex to explore low-carbon steel production. It is reported by Argus Media. The companies will explore funding, green steel technology availability and market access to decarbonize India’s steel sector, reducing the risk to investment in the industry. During Climate Week 2022 in New…
The quality and performance of the Algerian steel product arouse the enthusiasm of the Arab countries members of Uafa. A great flight for the Sider El Hadjar complex which has just set course for a partnership with several countries of the Arab Iron and Steel Union (Uafa). This one of which, a delegation carried out, this week a visit to the Sider group and to the iron and steel complex…
The world’s largest steelmaker, ArcelorMittal, which plans to temporarily close several operations in Europe due to a drop in its order book and the explosion in energy prices, forecasts a fall in its steel production of 1.5 million tonnes in the fourth quarter of 2022 in Europe compared to the previous year. The group announced at the beginning of September the temporary closure of several blast furnaces and other infrastructures…
Engineers from the Australian University of Swinburne (Swinburne University of Technology) have developed a process for the production of iron from scrap materials on Mars. It uses Martian soil – regolith, processed air and solar energy. Solar radiation is used as a heat source, in addition, carbon is involved in the scheme (carbothermic reaction) as a catalyst. It can be obtained by cooling carbon monoxide (CO). In turn, CO is…
Germany is the largest steel producer in the EU. Around a third of the carbon dioxide (CO2) emitted by the entire industry in Germany is produced in blast furnaces. However, an alternative process route is in sight that produces almost no CO2. However, it will only be fully established in many years. For the transition, engineers are developing a concept under the coordination of the University of Duisburg-Essen (UDE) to…
The topics of natural gas and corona infections are depressing the mood in the Lower Bavarian metal and electrical industry. Many companies are unsure. At the same time, the employers’ associations warn against wage demands that are too high. The situation in the Lower Bavarian metal and electrical industry is tense. There is great uncertainty. This is the result of the summer business survey conducted by the Lower Bavarian metal…
Wages and salaries are expected to increase by 6.5 percent from August. IG Metall speaks of the largest percentage increase in the steel industry for 30 years. After difficult negotiations and warning strikes, IG Metall and the employers have agreed on a new collective agreement for most of the German steel industry. As of August 1, wages and salaries are to rise by 6.5 percent, as announced by the trade…