Metallurgy news
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Baosteel will not be able to raise steel prices in April due to weak demandAccording to expert forecasts, China's leading metallurgical company Baosteel will not be able to raise prices for metal products in April due to persistently weak market demand. In addition, over the past three weeks, the market price of heavy plate in China has dropped by $ 30 per tonne. Earlier…
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Russian metallurgical plants have raised prices for rolled metalOn March 7, the TMK and UMMC plants joined the reports on the increase in prices for metal products previously received from Severstal, NLMK and MMK. The Pipe Metallurgical Company (TMK) has increased prices by 5-10 percent depending on the type of rolled metal, and the base enterprise of the iron…
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Ukraine failed to pay gas debt - MillerOn March 7, Gazprom did not receive payment for the natural gas supplied to Naftogaz in February. Thus, the total debt for natural gas supplied to Ukraine increased to $ 1.89 billion, Chairman of the Board of Gazprom OJSC Alexey Miller told reporters. “Today, March 7, was the deadline for payment…
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Steel exports from Japan fall for the fifth month in a rowAccording to operational data from the Japan Iron & Steel Federation (JISF), Japanese exports of the most common types of metal products fell to 3.3 million tons in January 2014. Thus, the export of steel from Japan has been falling for five months in a row. The main reason for the decline in…
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China Steel Corp expects 2.5 percent sales growthTaiwan steel company China Steel Corp (CSC) said it expects steel product sales to grow 2.5 percent in the second quarter of this year to 3 million 60 thousand tonnes from the previous quarter. Sales of the company in the first quarter were 2 million 910 thousand tons, which is slightly below the…
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China's war on air pollution will impact steel productionChinese Premier Li Keqiang, speaking at the annual session of the National People's Congress, has declared war on environmental pollution, which will specifically reduce the production of the steel industry. In recognition of public anger over high levels of smog in Beijing and other cities in…
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Devaluation of the Ukrainian currency is a boon for the owners of steel plants in UkraineUkraine has recently been at the epicenter of the storm due to political and economic instability. It is known that the EU countries froze the assets of the former president due to allegations of corruption. The anger of European and global financial institutions has led to a tightening of lending…
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Steel consumption growth in India in the first quarter is almost zeroSlow economic growth has been weighed down by low steel consumption in India, which increased by just 0.7 percent in the current fiscal year over the same period last fiscal year. The Joint Committee said the country had consumed 67.253 million tonnes of steel in the current year and said that in…
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Export steel cargoes freely leave Ukrainian portsSteel exports continue to be quietly dispatched by Ukraine's key global suppliers through Black Sea terminals in ports that maintain normal schedules, despite worldwide concerns about the country's tense political situation. The Ministry of Infrastructure of Ukraine informs that all loading and…
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Tough times are approaching for steel mills in Turkey, Ukraine and RussiaScrap steel prices in Turkey, which buys almost 25 million tons a year and determines global trends, continue to slide down for more than a month amid political uncertainty that has led to a severe devaluation of the Turkish lira. According to the latest information, several deals were carried out…
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