Metallurgy news

• Russian Proposed Export Duty Will Harm Industry According to industry participants, Russia's decision to apply a 15% duty on all major export goods of ferrous and non-ferrous metals within six months will negatively affect the industry and displace Russian steel products from the world market. The Russian metallurgical plant NLMK is... 25.06.2021  10:50

• China's role in global iron trade is declining Chinese imports of pig iron and other substitutes for scrap ferrous metals rose in May, the first sequential increase in half a year, but volumes remained at their lowest levels at the end of 2019. According to Chinese customs, aggregate imports of basic pig iron (BPI), direct reduced iron (DRI)... 24.06.2021  10:53

• Japanese steel production rises in May According to statistics from the Japan Iron and Steel Federation (JISF), Japan produced about 8.4 million tonnes of crude steel in May this year, up 7.7% over the previous month and 42.2% over the same month. a month ago. ... In the first five months of this year, steel production in Japan... 24.06.2021  10:48

• Europe has a huge problem with scrap metal To get rid of the label of a climate hypocrite, the EU is trying to change the rules on waste disposal, and also includes steel and other scrap metal in this category. Some recycling companies are protesting against harmful trade restrictions. Steel producers emphasize that instead of getting rid... 24.06.2021  10:34

• India reaches an agreement with Japan and South Korea on the supply of iron ore India has always been an important exporter of iron ore to Japan and South Korea. Since 2018, a total of 5.5 million tons have been exported annually. Currently, India has reportedly decided not to renew its long-term iron ore supply agreement with Japan and South Korea due to factors such as... 23.06.2021  11:28

• Mainstream opposes the EAEU project to ban the export of scrap The Russian Scrap Association Ruslom expressed its disapproval of the Eurasian Economic Union (EAEU) project to include scrap in the list of prohibited for export, stating that there is no serious shortage of scrap in the Russian market and in the EAEU, and this policy could bring a negative impact... 23.06.2021  11:27

• Tata Steel expects profit growth thanks to the European segment On the other hand, stringent carbon emission standards can be a problem for a company. Analysts and investors expect Tata Steel's earnings to improve in fiscal 22. The positive outlook is mainly driven by the recent improvement in the profitability of European operations coupled with improved... 23.06.2021  11:13

• MMK modernizes by-product coke production The Magnitogorsk Iron and Steel Works is a leader among the enterprises of the ferrous metallurgy of Russia. Within the framework of the program for long-term development and technical re-equipment of the coke-chemical production of PJSC MMK, it is planned to build a coke oven battery No. 12 with a... 22.06.2021  13:04

• Taiwanese buyers are hesitant to buy cheap rolled metal products from China As the Chinese government takes additional measures to stabilize commodity prices, export quotations for Chinese steel are also falling. Currently, the quotations for Chinese cold rolled steel are quite attractive for Taiwanese buyers. However, there are rumors that China would like to adjust... 22.06.2021  12:42

• Steel production in Italy increased According to statistics from the Italian steel industry association Federacciai, Italy produced about 2.2 million tonnes of crude steel in May, up 7.5% over the previous month and also up 18.8% over the same month last year. ... The year-over-year growth was driven by a low base caused by... 22.06.2021  12:36