Metallurgy news. May

Nornickel, the world’s largest producer of palladium and Class I nickel and a major producer of platinum and copper, announces preliminary consolidated production results for the first quarter of 2024 and full year 2024 production outlook. In 1Q 2024, the Company increased the output of palladium and copper as compared to the same period of last year. The temporary decrease in nickel production was attributed to accumulation of work-in-progress inventory, which will be processed in the second ...

Sheet rolling shop No. 10 at Magnitogorsk Iron and Steel Works (MMK) has produced the 150 millionth tonne of rolled stock on its hot rolling mill 2000. First commissioned in 1994, the mill produced its 100 millionth tonne of hot-rolled steel in 2015. Mill 2000 is MMK’s most productive rolling unit and one of the most powerful in Russia. Capable of making practically every grade of steel currently available, the mill is used to manufacture around a thousand different products for a diverse range ...

Now there is a unique situation in the market, when steel pipes in some cases can cost cheaper than strips for their production. This is largely due to the fact that last year there was an oversupply of tubular products, which left certain stocks in warehouses, now pressuring the market. One way or another, but every spring from year to year before the height of the construction season and the beginning of the replacement of utilities in the housing and utilities sector, between the manufacturers ...