Metallurgy news

• Imports of stainless steel to Russia increased in July According to statistics published by the Association of Consumers and Suppliers of Special Steel and Alloys (Association "SpetsStal"), in July Russia imported about 31,000 tons of stainless steel, which is 3.8% more than in the previous month. Among them, imports of stainless steel flat products... 14.09.2020  10:02

• Steel profits in China fell sharply in September due to high iron ore prices According to S&P Global Platts, the profitability of rolled steel production has fallen since the beginning of September due to high prices for iron ore and a "correction" in prices for finished steel. Domestic rebar margins have nearly halved since the beginning of the month, falling to $ 19.83... 14.09.2020  09:58

• The USA reduces the quota for import of billets from Brazil by the 4th quarter Although Brazil received a US billet export quota in 2018, the US President recently announced a temporary quota cut. At the end of August this year, the US government announced that it would cut the quota for US billet exports for the fourth quarter from 350,000 tons to just 60,000... 11.09.2020  10:31

• Steel production in Odisha is in dire condition due to lack of iron ore The Indian steel industry located in Odisha is currently requiring urgent intervention from the central and state governments due to an unprecedented shortage of iron ore after 21 mines were closed due to expiration of leases and out-of-service status, resulting in iron ore crisis in the... 11.09.2020  10:28

• US steel production recovers For the week ending September 5, US crude steel production was about 1.43 million short tons, up 3.3% from the same period a week ago, according to statistics from the American Iron and Steel Institute (AISI). by 21.2. % compared to the same period a year earlier. The capacity utilization rate was... 11.09.2020  10:21

• Taiwan imports of steel sheet hit new high in August According to statistics from Taiwan Customs, the total steel sheet imports to Taiwan in August this year amounted to about 86,439 tons, an increase of 165% on a monthly basis. Among them, the main supplier country was Russia - about 36,900 tons. Moreover, in the first 8 months of this year,... 11.09.2020  10:19

• Latest data confirms ECB economic forecasts From the perspective of the Dutch Central Bank, the latest economic data confirms the previous economic forecasts of the European Central Bank (ECB). Forward-looking confidence indicators look robust, while high-frequency data suggests a recovery in mobility, ECB Councilor Claes Noth wrote in the... 10.09.2020  12:38

• Recovery of steel production in China leads to higher prices for zinc Amid a stronger-than-expected recovery in China's economic growth, Fitch Solutions Macro Research has revised up its forecast for zinc prices for the year. The agency originally expected the zinc price to be $ 2,100 per tonne, but changed it to $ 2,200 per tonne from a zinc price of $ 2,507 per... 10.09.2020  11:20

• Microsoft and Tenova innovate steel industry Microsoft and Tenova have strengthened their Industry 4.0 partnership. by leveraging the Microsoft Azure platform and Tenova's innovative steel solutions. Both companies aim to spearhead the digital transformation of a sector that plays a key role in global economic growth, producing $ 2,500... 09.09.2020  12:01

• BMZ increased production of rebar in coils by more than a quarter OJSC “BMZ” produced and shipped to consumers more than 62 thousand tons of rebar in coils for 8 months of 2020. The achieved indicator is more than 25% higher than the level of 2019. The main consumers of rebar in coils are Israeli construction companies, which account for more than 95% of fac... 09.09.2020  11:58