Thyssenkrupp’s prospective plans to separate Thyssenkrupp Steel (TKS) into a standalone company indicate a plan to sell it, industry watchers said, though they questioned what kind of price the German conglomerate would ultimately receive. “Everybody knows that it has been an exceptional year,” one trader said about steel prices and demand. Are you under pressure […]
Christopher Rivituso
NLMK to boost Mill 2000’s capacity by 7% after reheating furnace overhaul
Novolipetsk Iron & Steel (NLMK) is undertaking at its main production site in Russia upgrade work on one of the slab reheating furnaces, which will see hot rolling Mill 2000’s capacity rise by 7%, the steelmaking group said. The planned work will push Mill 2000’s annual rolling capacity up by about to approximately 6.23 million […]
European HRC prices fall as auto sales slump
Lower auto sales in Europe have put West European hot rolled coil prices under pressure. However, demand from construction is nonetheless helping to support prices for the flat-rolled product. “People want to invest their money into something,” one trader source told MetalMiner. We’re offering timely emails with exclusive analyst commentary and some best practice advice. […]
Metals industry to play major role in curbing carbon emissions
Metals will play a significant role in helping governments and companies to address climate issues by aiding the transition to cleaner energy and ultimately decreasing carbon emissions, industry watchers said. “The metals industry is crucial to facilitating this,” one analyst told MetalMiner. “If you want energy transition, it is not going to happen without metals […]
Tata Steel Europe starts up new equipment at UK, Netherlands sites
Tata Steel Europe is hot starting a new power plant at its Port Talbot plant, in Wales, which will cut CO2 emissions by almost 44,000 metric tons per year, the company said. Are you under pressure to generate steel cost savings? Make sure you are following these five best practices. Tata Steel generator carries £37M […]
Metals supply constraints likely to linger into 2022
Several factors are likely to see base metals continue to encounter supply constraints into 2022. Chief among them is demand, said Colin Hamilton, managing director of commodities research at BMO Capital Markets. “We have never seen this level of demand impulse before,” he said in an Oct. 12 web presentation. Producers have also had difficulty […]
LME CEO weighs in on low-carbon aluminum during LME Week
London Metal Exchange CEO Matthew Chamberlain has expressed doubt over sourcing aluminum from exclusively low-carbon sources in the short term. “There have been calls for us to exclude high-carbon production, but we don’t think that’s the right thing to do because there simply would not be enough aluminum on the market,” Chamberlain said on Oct. […]
ArcelorMittal adds €50 surcharge on European longs products
ArcelorMittal plans to introduce a €50 ($58) surcharge on all of its long products in Europe in order to account for sharply rising energy prices, an official with the Luxembourg-headquartered group said. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. ArcelorMittal introduces new surcharge “The price […]
Thyssenkrupp Steel restarts blast furnace at Duisburg plant
Thyssenkrupp Steel (TKS) has restarted at the Duisburg plant its blast furnace No. 1. The restart comes after a three-month stoppage for a partial reline, the German steelmaker and flats producer announced. MetalMiner should-cost models: Give your organization levers to pull for more price transparency, from service centers, producers and part suppliers. Explore the models […]
Russia’s 15% export duty hasn’t boosted flat-rolled prices as feared, traders say
Russia’s 15% export duty on steel has not impacted market prices for flat-rolled products, either coming into the European Union or rolled within the 27-member bloc, market participants told MetalMiner. “The Russian [steelmakers] are absorbing it completely,” one trading source said of the export duty. A second trader noted a similar situation. “The export tax […]
