Metallurgy news

• A plan to support the South African steel industry The South African government and the steel industry have signed a Steel and Steel Structures Master Plan 1.0 to ensure the industry's short-term survival and long-term growth and sustainability. These measures include the establishment of a R 1.5 billion (US $ 108.8 million) Steel Refining and... 16.06.2021  11:39

• Steel futures in China fell due to lower seasonal demand Construction rebar and hot rolled coil futures in China fell on Tuesday due to weak downstream demand, while raw material prices rose, primarily for coke, following the announcement of production control in Shandong province. The data showed that apparent consumption of the five major steel... 16.06.2021  11:37

• When will Trump's tariffs be canceled? Traders in the US steel market are skeptical about news that the US and EU may soon agree to drop Trump-era tariffs 232. Allegedly, there is a draft agreement, which seems to say that the tariffs will be canceled by December, but the details are few, and the draft itself is not a public... 15.06.2021  11:31

• China's daily steel production rises in June The increase in daily steel production at 318 Chinese steel mills, according to a regular survey by Mysteel, continued from mid-April from June 1 to 10, increasing another 21,900 tons per day, or 0.7% over the previous eleven days, to an average of 3.08 million tons. in a day. , according to the... 15.06.2021  11:26

• Japan appeals to WTO over China's duties on stainless steel The Japanese government has filed a lawsuit with the World Trade Organization (WTO) over China's (AD) anti-dumping duties on stainless steel products in Japan, saying it could violate international agreements. The Japanese government emphasized that Japan's main export products are generally... 15.06.2021  11:21

• POSCO moved to 6th place in global steel production POSCO dropped to sixth place in global crude steel production in 2020, down one notch from 2019. Chinese steelmakers climbed the rankings, sharply increasing crude steel production as they quickly overcame the COVID-19 crisis. POSCO steel production was 40.58 million tonnes in 2020, down 5.9... 10.06.2021  10:45

• ArcelorMittal invests in renewable energy sources Luxembourg-based steel company ArcelorMittal has announced its decision to invest in Heliogen, a US-based renewable energy (RES) technology company. This investment marks the completion of the first investment in the innovation fund XCarb, which began earlier in March this year. The steelmaker... 10.06.2021  10:25

• Market Awaits Shandong Coke Control Measures Coke market participants are watching closely what measures the government of Shandong province in eastern China can take to keep the province's coke production under control, as part of the province’s efforts to reduce coal consumption. According to a document recently released to the market by ... 10.06.2021  10:18

• Indian government plans to auction 16 mines India's Chhattisgarh state government planned to auction a total of 16 units of iron ore and limestone over the next three months. These long-blocked mines have reserves of 1.192 billion tonnes, totaling nearly Rs 1.9 trillion. Chief Minister of Chhattisgarh Bhupesh Bagel asked Union Minister... 09.06.2021  11:35

• Biden's new round of incentives fails talks with Capito-led group According to market news in the US, Joe Biden has launched a new round of stimulus talks with Shelley Moore Capito, junior US senator, and her team. The new stimulus round, which focused on investment in infrastructure, education, workforce development and climate change, was original at $ 2.25... 09.06.2021  11:27