Metallurgy news

• US steel mills firmly control the market After a year of the worst downturn in the US steel industry, domestic mills have benefited from historically high finished steel prices, limited supply and record profits from scrap metal. US steel utilization was 77.4% last week, according to AISI. Before the outbreak of the pandemic, this... 17.03.2021  12:01

• The largest pipe manufacturer in the world acquires a competitor This will be the largest pipe market consolidation in history. Russian TMK takes over its domestic competitor, Chelyabinsk Pipe Rolling Plant, which accounts for 11% of steel pipe production in Russia. The main products are welded large diameter pipes (diameter 530-1220 mm), seamless large diameter... 17.03.2021  10:10

• EU considers expanding measures to protect metallurgy The European Commission (EC) has announced a possible expansion of safeguards applicable to the import of certain steel products, including some from Vietnam, according to the Vietnam Trade Funds Authority. On February 1, 2019, the EU introduced final protective measures for some steel products.... 16.03.2021  12:39

• Steel production in China in January-February increased by 12.9% China's steel production for January-February was about 175 million tonnes, up 12.9% year-on-year, up from 7% annual growth in the 2020 aspect, according to the country's latest National Bureau of Statistics (NBS) data from March 15th. although this was mainly due to low baselines in the first... 16.03.2021  12:17

• Ukrainian metallurgy increased gas consumption Steel mills in Ukraine increased natural gas consumption by 6.5% in January-February 2021. Electricity consumption by enterprises of the metallurgical sector during this period amounted to about 1.920 billion kWh (104.9% compared to January-February 2020). Metallurgical plants of Ukraine in... 15.03.2021  12:08

• DMZ in February almost doubled the production of rolled metal Dneprovsky Metallurgical Plant (DMZ, Dnepr), a member of DCH Steel of Alexander Yaroslavsky's DCH Group, in February 2021 increased the output of finished rolled products by 71% compared to the previous month, to 18.7 thousand tons. In February, the plant produced 22.6 thousand tons of pig iron... 15.03.2021  12:05

• Chinese authorities will punish companies that pollute the environment China has pledged to cut steel production in 2021 from the record 1.06 billion tonnes it produced last year to cut carbon emissions. The steel sector accounts for 15% of the country's total emissions, exceeding all other production categories. Heavy industry companies in the city, including... 15.03.2021  11:55

• Baoshan Steel Raises Hot Rolled Steel Prices By $ 46 /Ton In April Baoshan Iron & Steel Co (Baoshan Steel), a division of China's largest steel producer China Baowu Steel Group, has decided to add RMB 300 per tonne ($ 46 per tonne) to its list price for hot rolled carbon steel (HRC). with the company's latest pricing policy published on March 9 for April sales.... 12.03.2021  11:07

• U.S. court rejects Section 232 complaint over steel and aluminum import tariffs The U.S. Court of International Trade dismissed Thyssenkrupp Materials North America's claim for U.S. Section 232 tariffs on steel and aluminum, finding that the Section 232 exclusion process did not violate part of the U.S. Constitution and did not reflect misinterpretations of previously issued... 12.03.2021  10:53

• UK unions call on government to support Liberty Steel UK trade unions have asked the government to support Liberty Steel, saying the government needs to take positive action to prevent threats posed by the bankruptcy of Greensill Capital, Liberty Steel's main lender. Unions said Liberty Steel is seeking business continuity funds. Parent company... 11.03.2021  11:07