The initiative minimizes the environmental impact due to the accumulation of waste and, in addition, it is a business opportunity for companies in the sector. For every ton of copper produced in Chile, about 2.2 tons of slag or mineral residues are also generated, which end up accumulated in landfills and are considered an environmental liability. Observing these figures, the Research in Powder Metallurgy (RPM) Laboratory, of the Department of…
During November 2022, Indian smelters produced 10.335 million tons of steel, down 1% from the previous month and up 5% year on year. Production of finished steel decreased by 4% versus October to 9.549 million tons, but grew by 3% year-on-year, SteelMint reports citing preliminary JPC statistics. Since the beginning of the financial year (April-November 2022), steel production in India increased by 5.55% year-on-year to 81.889 million tons. Rolled metal…
American steelmakers believe that the price of hot-rolled coil at the beginning of 2023 will be below $650/t Many steelmakers in the US believe that the price of hot rolled coil will be below $650/t at the beginning of 2023, which is in line with the usual downward trends at the end of the previous year. This is stated in Michael Cowden’s column for The Fabricator. Some market participants are…
The Ministry of Finance of India canceled from November 18 the effect of export duties on a wide range of steel products and on iron ore raw materials containing less than 58% iron. These duties came into effect on May 22, 2022 and have been canceled as suddenly as they were introduced. Now the export duty of 30% has been retained only for iron ore and concentrate with more than…
Shiu Wing Steel, the only steel products manufacturer in the Hong Kong Special Administrative Region of China, is considering re-establishing steelmaking. Shiu Wing Steel, founded in 1958, was originally built as a mini-mill. But in 1996, when the production of fittings was moved to a new site, the company abandoned steelmaking due to difficulties in providing scrap metal, and switched to using Chinese and imported semi-finished products. Shiu Wing Steel…
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…