Russian steelmakers are losing sales, says Russian Steel Association

More than 10,000 sanctions have been imposed against Russia, and it is already clear that steelmakers are losing sales markets, says the Russian Steel Association. “Applications from domestic consumers are also declining,” it noted after the Metallurgical Summit “Russian Steel: Growth Strategy” in Tula. “According to the speakers, under such conditions it is necessary to…

Japan to step up financial support for Colombian hydrogen and ammonia projects

The Japan Bank for International Cooperation (JBIC) plans to strengthen cooperation with Colombia’s state oil company Ecopetrol to support development of green hydrogen, Kallanish reports. The parties signed an MOU on 8 June aimed at promoting Ecopetrol and Japanese companies’ collaborative projects in Colombia, such as the supply chain of hydrogen and ammonia. Other projects…

Rio Tinto partners with Salzgitter to develop carbon-free steelmaking technology

Rio Tinto and Salzgitter Group will jointly study using the miner’s Canadian and Australian iron ore for Salzgitter’s SALCOS green steel smelting project in Germany. The two companies signed a Memorandum of Understanding (MOU) on exploring optimisation of iron ore pellets, lump and fines for use in hydrogen direct reduction steelmaking projects, Kallanish learns from…

Ranking of 113 major steel companies in the world! 63 Chinese companies are on the list! Baowu’s 120 million tons came out on top!

Recently, the World Iron and Steel Association released “2020/2021 Production Ranking: Steel Production Companies of More than 3 Million Tons”, and 63 Chinese steel companies are on the list! Baowu’s 120 million tons came out on top! China Baowu topped the list with 120 million tons, ArcelorMittal ranked second with 79.26 million tons, and Ansteel…

Vietnam is making big moves! Strengthen control to prevent origin fraud and illegal re-export trade. . .

Recently, the Ministry of Industry and Trade of Vietnam announced that the Ministry will continue to cooperate with relevant departments to implement an early warning system and related measures to prevent origin fraud. The purpose is to further strengthen the supervision and management of origin fraud, and severely crack down on origin fraud and illegal…