Metallurgy news

• 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

• ThyssenKrupp negotiates aid with the German government German steel company ThyssenKrupp is in talks with the German government for a relief package worth at least 5 billion euros for its troubled steel company, far exceeding the group's value in today's market to ensure its survival. The German government has announced its willingness to offer... 13.11.2020  13:15

• Iron ore prices hit a seven-year high In terms of key ingredients for steelmaking, such as iron ore and coking coal, this week has been the story of two different markets. The price of iron ore broke the $ 120 /t ($ 164.70 /t) barrier this week, the highest level since the beginning of 2014. This is due to a stronger steel market... 13.11.2020  13:03

• NLMK predicts 7% drop in steel demand in Russia in 2020 Ilya Gushchin, vice president of sales for the largest steel producer in Russia, NLMK, said that global steel demand is expected to fall by 2% this year but increase by 4% in 2021. Steel demand in Russia is under pressure from the coronavirus pandemic to decline by 7% in 2020, but will rise by... 12.11.2020  10:57

• CIS billet prices rise thanks to new sales Billet prices in the Black Sea export market rose this week on the back of new sales at higher levels, leading to even higher supply. This comes as Turkish scrap is breaking the psychological barrier of $ 300 per ton this week. It followed a weekend rally in China's iron ore, which boosted steel... 12.11.2020  10:40

• NSSC Raises Stainless Steel Sheet Prices For November Nippon Steel Stainless Steel Corporation (NSSC) announced that its contract price for cold rolled nickel and 300 series stainless steel sheets for sale in the domestic market in November will be increased by ¥ 5,000 per tonne. This was the fifth consecutive month that the quoted price has risen ... 11.11.2020  14:58

• US steel production dropped significantly Weekly statistics released by the American Iron and Steel Institute (AISI) signify a marked decline in crude steel production in the very last week ending November 7, 2020. The weekly production of rough steel was 1.573 million tonnes at a capacity utilization rate of 71.1%. This compares to a... 11.11.2020  14:15

• Steel exports from China rose again in October, imports fell In October, China shipped 4.04 million tonnes of finished steel products overseas, up 5.5% from the second month, mainly to fulfill orders signed in August, while steel imports fell 33.2% in compared with the previous month to 1.93 million tons. Latest statistics from General Administration of... 10.11.2020  12:13