Metallurgy news

• German steelmaker Salzgitter expects strip supplies to decline until the end of 2024 German producer Salzgitter expects strip steel supplies to remain at slightly lower levels through the end of 2024, long steel supplies to remain roughly the same and crude steel production to proceed at a slightly slower pace, according to the company's interim report dated Aug. 12. In the... 13.08.2024  11:48

• Italian wafer manufacturers seek to increase prices Italian plate producers are raising prices by €30/t ($32) compared to last month for grades S275 and S355. Sources told Kallanish that the market is calm due to the August hiatus in the sector. Local millers are asking €700/t for S275 and around €730-740/t for S355. Last month they made signi... 06.08.2024  22:54

• The free trade agreement between Turkey and Ukraine entered into force The free trade agreement signed between Turkey and Ukraine on February 3 came into force by presidential decree published in the official Turkish gazette on August 2. According to the Turkish Ministry of Trade's official fact sheet on the agreement, some customs duties imposed by Ukraine on... 06.08.2024  22:50

• UK hot rolled coil prices fall as mills sell at a loss Domestic UK hot rolled coil prices fell slightly in the week ending July 18 as some producers were forced to sell at a loss to stimulate demand. “The hot-rolled market has been completely destroyed,” said a source at the service center. “There is too much of it. Demand will remain the same as it is... 20.07.2024  12:17

• German Chancellor plans lithium deal with Serbia following Rio Tinto decision German Chancellor Olaf Scholz plans to visit Serbia this week to secure supplies of lithium, which is critical to the country's energy transition and its auto industry. Scholz is likely to arrive in Belgrade on Friday to sign the agreement with Serbian President Aleksandar Vucic and cabinet... 17.07.2024  13:16

• Spain gives priority to Hydnum Steel project Spain's Hydnum Steel (HS) has been declared a priority project by the regional government of Castile-La Mancha, the company's Callanish said. This guarantees investment preferential administrative treatment and expedited project implementation. HS plans to build the first green steel mill on the... 11.07.2024  14:41

• Tata Steel workers in the UK go on strike for the first time in 40 years Tata Steel workers in the UK are going on strike for the first time in more than 40 years after the Indian steelmaker rolled out cost-saving measures including massive job cuts. About 1,500 workers in Port Talbot and Llanwern, Wales, will go on an indefinite general strike over the company's... 24.06.2024  11:15

• Chinese firm is investigating the case of missing Russian copper A Chinese state-owned firm whose shipment of copper from Russia went missing said it was investigating the case, which has a monetary value of about 110 million yuan ($15 million). Wuchan Zhongda Group Co. bought 2,000 tons of refined copper from a Russian company that was supposed to be... 16.06.2024  11:41

• EU to protect auto sector with tariffs on Chinese electric cars The European Commission's introduction of import tariffs of up to 48.1% on Chinese-made electric vehicles (EVs) could help protect long-term steel demand from the EU auto sector. Tariffs of between 17.4% and 38.1% will be levied on vehicles depending on their manufacturers' level of cooperation... 16.06.2024  11:33

• Ukraine's production growth highlights supply sensitivity MEPS respondents in Poland are increasingly concerned about the potential consequences of oversupply as steel mills in Ukraine increase production. Some believe that the risks faced by cargo ships leaving Ukrainian ports due to the ongoing conflict with Russia increase Poland's vulnerability to... 06.06.2024  13:34