The situation of the steel industry in Europe
The situation steel industry – Europe is shaped both by the war in Ukraine and by the increased energy prices. Photo source ft.com THE SITUATION OF THE STEEL INDUSTRY – EUROPE – RUSSIA Russia steals steel worth 600 million dollars from factories and ports in Ukraine. The statement belongs to the head of the largest […]
The steel used in the maritime field
Steel is used on a large scale in the maritime field, which is the subject we are addressing in this article. Global trade Over long distances, most maritime transport is done by containers. It is estimated that 90% of the world’s goods are transported by sea. In total, approximately 14 trillion dollars of the world’s […]
Steel and the real estate crisis in China
Steel and the real estate crisis in China are closely related. The real estate crisis threatens to pull down a third of China’s steel industry. The steel mills that produced over a billion tons last year. In China, steel is mainly used in the construction sector. The real estate market (especially the segment of industrial […]
Galvanized elements for tram line reinforcement
In the public transport modernization project, H Metal executed galvanized elements for the reinforcement of the tram line. The project involves the modernization of electric public transport and the arrangement of public transport infrastructure. H METAL, supplied for this project the product called Antretoaza, the quantity ordered / executed and delivered being 2400 pieces. The […]
Support structures for photovoltaic panels made of galvanized pipe
Photovoltaic panel support structures made of square, rectangular or round thermally galvanized pipe. Recently, the demand for hot-dip galvanized pipes used to make the support for panels has increased significantly. The price of electricity is felt by everyone, which leads to an increased demand for photovoltaic panels. This system mounted on structures supporting photovoltaic panels […]
The steel industry in Germany and the energy crisis
The steel industry in Germany is affected by the energy crisis. Industry representatives claim that political action is urgently needed to keep energy prices under control. Photo source – forbes.ro Gazprom has suspended gas deliveries through the Nord Stream 1 gas pipeline, currently indefinitely. The announcement made on September 5, 2022, by Vladimir Putin’s spokesman, […]
The steel producer Dunaferr was forced to stop production
The steel producer Dunaferr was forced to stop production on September 16, 2022. The Hungarian steel mill Dunaferr in Dunaújváros also stopped the second furnace. This decision comes after the company closed the first furnace, with an annual steel production capacity of 550,000, at the end of August. Expected closure for a period of 60 […]
European steel producers reduce production
European steel producers are reducing production due to market instability. The steel sector is one of the major energy-intensive industries. It is particularly vulnerable to the ongoing energy crisis, thus impacting steel prices. Rising input costs, in addition to eroding demand, have already caused a wave of cuts that threaten the viability of Europe’s entire […]
Prospects for steel demand in 2022
The World Steel Association estimates a steel demand in 2022 contracted by 2.3%. It will reach 1,796.7 Mt. after having grown by 2.8% in 2021. „The global economy is affected by persistent inflation, the monetary tightening of the USA, the economic deceleration of China and the consequences of the invasion of Ukraine by Russia. High […]
The Libery Galati Iron and Steel Plant will produce steel using electric arc furnaces
The Libery-Galati Iron and Steel Plant, owned by the Liberty Steel Group, will produce steel using electric arc furnaces. A series of equipment from South Korea to be transferred to the Galati platform. On November 25, 2022, the Liberty Steel Group announced the signing of an agreement for the acquisition of the Dongbu steel platform […]
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