Metallurgy news

• Morgan Stanley: the growth of the world economy in 2021 will be 6.4% According to the latest forecast by Morgan Stanley, one of the world's leading investment banks, the global economy could grow 6.4% next year. The main reason for the strong prognosis was mainly due to a decrease in worries about the Covid-19 epidemic based on the released new vaccine. Among... 18.11.2020  11:08

• Iron ore futures close higher Iron ore futures closed higher on Tuesday in daytime trading on the Dalian Mercantile Exchange (DCE). The most active iron ore contract in January 2021 rose 22 yuan (about $ 3.34) to 855 yuan per tonne. On Tuesday, the total trading volume of 12 iron ore futures contracts on the exchange was... 18.11.2020  11:06

• Tata Steel in talks with SSAB to sell the plant India-headquartered steel company Tata Steel announced that it is in talks with Swedish steel company SSAB AB to sell a subsidiary in the Netherlands. The company said in a media statement that discussions about the potential sale of the business have already begun. The proposed acquisition will... 17.11.2020  10:12

• US steel industry expects to benefit from infrastructure investment Kevin Dempsey, interim president and chief executive officer of the American Iron and Steel Institute (AISI), said the steel industry is likely to benefit if the new administration, under President-elect Joe Biden, decides to prioritize spending on infrastructure projects. He added that the... 17.11.2020  10:04

• Steel production in China declines in October China's steel production fell for the second straight month in October, down 0.4% from the previous month, official data showed on Monday, as production was cut due to environmental restrictions and forecasts of lower winter demand. The world's largest steel producer produced 92.2 million tons... 17.11.2020  09:57

• UK's Liberty Steel to install Europe's first hybrid steel furnaces Liberty Steel, a global metals and mining company with operations in more than 200 localities on four continents, announced that it will install Europe's first hybrid steel furnace at its Liberty Ostrava plant in the Czech Republic. Liberty Steel planned to replace four tandem steelmaking... 16.11.2020  10:38

• CRC imports to Turkey fell in September According to statistics from the Turkish Statistical Institute (TUIK), Turkey imported about 44,000 tonnes of cold rolled coils (CRC) in September, down 32.4% from the previous month and 18.8% from the same month a year ago. ... In the first nine months of this year, Turkish CRC imports reached... 16.11.2020  10:35

• Growth of export of stainless steel from Russia According to market news, total exports of stainless steel products from Russia for 9 months of this year increased by 101.7% compared to the same period last year, reaching 985,000 tons. Among them, the total export value of stainless steel products was about US $ 840 million. Moreover, the... 16.11.2020  10:31

• Fatal consequences for the EU steel industry For the EU steel industry, it is difficult to cope with foreign competition in the context of more or less open subsidies for this production in other countries, which, moreover, do not pay attention to climate considerations. If nothing changes in the EU climate policy, and other countries... 16.11.2020  10:20

• USA postpones preliminary decision on pipes from Russia, Ukraine and some other countries The US Department of Commerce (USDOC) has postponed an Anti-Dumping Preliminary Decision (AD) on imported seamless standard, line and pressure pipes made of carbon and alloy steel (SSLPP) from Russia, South Korea and Ukraine from the planned December 15. until February 3 at the request of the... 13.11.2020  13:16