Metallurgy news

• Global steel production exceeded 1 billion tonnes in the first half of the year According to Worldsteel (WSA), in June 2021, the total steel production in the countries of the world amounted to 167.9 million tons, which is 11.6% more than in June last year. Metallurgical production continues to demonstrate high growth rates since the beginning of the year. In total, in the... 27.07.2021  13:12

• Severstal delivers large diameter pipes to Brazil for the first time PJSC Severstal, one of the world's largest vertically integrated steel and mining companies, has delivered large diameter pipes (LDP) to Brazil for the first time. Also, for the first time, large-diameter pipes will be used for an LNG project being implemented abroad. The pipes will be used for the... 23.07.2021  10:36

• Steel prices in the USA continue to rise The US Hot Rolled Coil (HRC) price continued to rise due to insufficient supply and is currently at a new high. Thus, the HRC price also exceeded the market price for finished steel products after processing, especially for API pipes. API Taiwan pipe mills noted current export price is lower... 23.07.2021  10:32

• Hot rolled steel production in China declines in June China's hot rolled coil (HRC) production in June was about 16.19 million tonnes, down 1.4% from the previous month and up 12.8% from the same month last year, according to statistics. ... The decrease compared to the previous month is due to a slowdown in seasonal demand and production... 23.07.2021  10:29

• IMF: COVID-19 Creates Highest GDP Deficit Since World War II According to the International Monetary Fund (IMF), countries need to consider implementing "difficult reforms" in commodity, labor and financial markets to close the $ 15 trillion (63.6 trillion ringgit) global production gap caused by the Covid-19 crisis. , “The same funds that are being i... 22.07.2021  15:57

• Export tariffs for Russian steel affect prices To curb inflation and lower steel prices, the Russian government decided to impose export duties on steel at a rate of 15% or a minimum of USD 115 per tonne on exported steel products from August 1 to December 31. Russia expected a reduction in export volumes and an increase in domestic sales... 22.07.2021  15:20

• Heavy rain in Texas delays the launch of the Synton plant Planned ramp-up at Steel Dynamics Inc (SDI) plant in Sinton, TX is $ 1.9 billion. Flat products have been postponed due to severe flooding in the state SDI detailed the delay in its second quarter income statement. “Due to heavy torrential rains in Texas, actual steel production will be d... 22.07.2021  15:00

• Europe expects steel prices to decline as large exporters run out of quotas The European steel market is grappling with cheaper Indian hot rolled coil flows, with the July-September quota balance of 169,717 tonnes already exhausted and material that was once in the port is now being distributed to buyers, according to data from the European Commission from July... 21.07.2021  10:47

• Iron ore price rises due to disappointing performance of leading producers Iron ore prices rose on Tuesday amid disappointing data from the world's largest producers. Vale produced 75.7 million tonnes in the second quarter, up from an average analyst estimate of 78 million tonnes. The company maintained its annual forecast of 315 million to 335 million tonnes and... 21.07.2021  10:37

• Exports of scrap metal from Russia increased in May According to Russian customs statistics, the export of scrap ferrous metals from Russia in May amounted to about 325,000 tons, an increase of 7.4% over the previous month and an increase of 4.3% over the same month last year. Exports grew for two months in a row. Strong demand and prices offset the... 21.07.2021  10:31