Salzgitter chooses Baffinland Iron Mines as supplier for green steel plant
Steel coil rolling mill Salzgitter Flachstahl, part of German steel group Salzgitter, has signed a memorandum of understanding with Canada’s Baffinland Iron Mines Corporation to investigate the use of direct shipping ore mined in Nunavut, the northernmost territory of Canada, in low carbon steel production, Salzgitter said Feb. 6. Baffinland’s operation is different to many
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German steel market expects prices to soften, production levels to increase: survey
German steel traders and producers expected prices to trend lower over February, according to data from S&P Global Commodity Insights’ monthly steel sentiment survey. The February index for traders’ sentiment stood around 50 points compared to almost 78.50 points in January. The index for producers’ sentiment was around 58 points, compared to a January index
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ArcelorMittal boosts digitisation in France
The launch of the 5G network for industrial uses in France is helping ArcelorMittal carry out digitisation and robotisation at its French production sites. The company started its 5G Steel project in 2021 in France in partnership with Orange Business Services and Ericsson, and supported by the French government. 5G Steel has now become fully
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EU imports fall despite higher longs intake: Eurofer
EU steel imports dropped 17% on-year in the third quarter of 2022, led by a 15% slump in flat product intake, although longs imports inched up 1%, steelmakers’ association Eurofer points out. Finished steel exports fell 9%, driven by a 15% decline in longs shipments, Kallanish notes. In the 11 months through November 2022, finished
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Energy prices become key factor in European metallurgical market in 2022
Russia’s military invasion of Ukraine has triggered a lot of issues globally and, particularly, effected the energy balances in several regions, given that Russia had been one of the world’s major hydrocarbon exporters. Particularly, in 2022 the energy crisis hit EU countries and their steel sectors, and affected the costs, production rates, competitiveness and margins
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NEWS
- Southeast Europe steel output decreases in 2022 February 7, 2023
- Liberty rejects Luxembourg mill public acquisition offer: reports February 7, 2023
- Assofermet sees positive Italian scrap sentiment February 7, 2023
- Market takes stock of Turkish earthquake impact February 7, 2023
- Benteler to retain US steel tube plant, cancels sale to Tenaris February 7, 2023
- Salzgitter chooses Baffinland Iron Mines as supplier for green steel plant February 7, 2023
- German steel market expects prices to soften, production levels to increase: survey February 6, 2023
- ArcelorMittal boosts digitisation in France February 6, 2023
- EU imports fall despite higher longs intake: Eurofer February 6, 2023
- Energy prices become key factor in European metallurgical market in 2022 February 6, 2023
- UK launches China coated flats anti-dumping transition review February 3, 2023
- UK to extend China heavy plate anti-dumping duties February 3, 2023
- Eurofer lowers consumption growth forecast after Q3 low February 3, 2023
- Italian rebar makers push up asking prices February 3, 2023
- US steel industry ‘not particularly concerned’ about EU carbon border mechanism February 3, 2023
- Eurofer expects 4.6% fall in EU steel demand in 2022, 1.6% in 2023 February 3, 2023
- Idled Hungarian steel mill Dunaferr to return to market towards end-February: sources February 3, 2023
- Eurofer forecasts decline in European steel demand in 2023 February 3, 2023
- Action needed in UK to attract investment for low-carbon steelmaking projects: ETC February 2, 2023
- EU Green Deal Industrial Plan must promote investment in low-carbon steel projects: Eurofer February 2, 2023
- Borusan Mannesmann to start new Romania steel pipe facility end-2023 February 2, 2023
- EU HRC prices stable as buyers question price sustainability February 2, 2023
- Italian domestic CRC, HDG rises on high import offers, good order books February 2, 2023
- Flat steel producer Acciaierie d’Italia to boost production in 2023, 2024 February 2, 2023
- UK decarbonisation window narrowing, carbon pricing critical: ETS February 2, 2023
- Italian plate contracts rise February 2, 2023
- CRC and HDG coil prices in Europe move up on limited supply February 1, 2023
- Toyota to halt Turkish, Czech production: reports February 1, 2023
- French rebar sellers report disappointing January February 1, 2023
- Aperam increases alloy surcharges February 1, 2023
- Turkish flats duties may only affect some pipemakers February 1, 2023
- European HRC buyers expect prices to correct; mills optimistic on good order books February 1, 2023
- Europe urgently needs structured automotive industrial policy: ACEA February 1, 2023
- EU HRC domestic prices mostly remain stable as market awaits imports February 1, 2023
- Global crude steel production falls 4.3% on year in 2022: worldsteel February 1, 2023
- European HRC buyers delay purchases, mills insist on higher prices January 31, 2023
- Steel to comprise 40% hydrogen 2050 demand: BP January 31, 2023
- French construction sector outlook deteriorates January 31, 2023
- Spain’s Megasa upgrades Zaragoza merchant bar mill January 31, 2023
- Benelux scrap recovers, supply issues continue January 31, 2023
- SSAB reignition of Raahe BF adds to January furnace restarts across Europe January 31, 2023
- Latest European steel HRC offer prices unsustainable, buyers say January 31, 2023
- Spain’s 2022 car production improves, outlook uncertain January 30, 2023
- SSAB restarts blast furnace at Raahe January 30, 2023
- Semiconductors could hurt automotive output until 2026: VDA January 30, 2023
- Strong demand returns for Italian HRC January 30, 2023
- Liberty Steel Group investigating restart of Dunaferr: union official January 30, 2023
- Demand for heavy plate up in Italy, mills aim for higher prices January 30, 2023
- Subdued trading keeps steel rebar prices flat in Poland January 30, 2023
- Manni Group announces the sudden death of Giuseppe Manni January 27, 2023
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Latest News
- Southeast Europe steel output decreases in 2022
- Liberty rejects Luxembourg mill public acquisition offer: reports
- Assofermet sees positive Italian scrap sentiment
- Market takes stock of Turkish earthquake impact
- Benteler to retain US steel tube plant, cancels sale to Tenaris
- Salzgitter chooses Baffinland Iron Mines as supplier for green steel plant
- German steel market expects prices to soften, production levels to increase: survey
- ArcelorMittal boosts digitisation in France