International steel market

Some international steel market industry information this week:

Turkey:

Turkish steelmaker MMK Metalurji plans to restart its electric arc furnace melting shop with an annual capacity of 2.3 million tons from April 1.

In addition to existing stocks, MMK Metalurji is actively procuring scrap to meet production needs.

Luxembourg:

On March 22, a fire broke out in the A blast furnace of Luxembourg steelmaker ArcelorMittal’s Asturias (Asturias) steel plant in Gijon, Spain, and production has been shut down; B blast furnace is still in operation .

The annual production capacity of blast furnace A is 4.5 million tons;

India:

India’s Mahalakshmi Profiles Private Limited (MPL Group) announced that it will invest 2.6 billion rupees to build a new production line to produce metal and non-metal alloy coating/plating products. The production line is planned to be put into use in 2024, with an annual production capacity of 200,000 Ton.

Hungary:

Recently, the Hungarian Dunaferr Steel Company restarted the hot rolling mill that was closed at the end of last year, and plans to restart receiving orders later this month.

In February, Liberty Steel and Dunafer signed an operational and commercial agreement to help the latter improve commercial economics.

Since then, Dunaferr has started sourcing raw materials from Liberty Steel’s European mills and restarted blast furnace No. 2, the melt shop and the cold rolling mill that month with the company’s support;

Ukraine:

Zaporizhstal, a joint venture of Ukraine’s leading steelmaker Metinvest, will restart its No. 2 blast furnace, which is expected to reach planned capacity in early April.

Since then, the company will have three blast furnaces in operation, with a daily capacity of more than 8,000 tons of pig iron.

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