Metallurgy news

• Ukraine plans to increase export duty on steel scrap Due to the rapid rise in steel scrap prices in Turkey, scrap exports from Ukraine are also rapidly increasing. According to the Ukrainian Association of Secondary Metals (UAVtormet), the Ministry of Economy of Ukraine has made a proposal to increase the export duty on steel scrap to 200 euros... 04.11.2021  10:15

• CSC prepares an additional payment for steel exports according to EU rules China Steel Corp plans to introduce a moderate premium on steel exports in August next year ahead of new EU carbon regulations, the company said yesterday. The draft version of the EU's Carbon Borders Regulation Mechanism is due to be released in 2023 and implemented in 2026, affecting 248... 04.11.2021  10:10

• Rising coking coal prices will reduce profitability of steel mills in the second half of the 22nd fiscal year Primary steel profit margins will decline by a third to 24-26% in the second half of this fiscal year compared to the first half, as raw material costs rise sharply due to more than doubling coking coal prices since July. However, for the full fiscal year, the operating margin will average... 03.11.2021  09:51

• Preliminary results of the work of the MMC of Ukraine for 10 months of 2021 According to preliminary data, for 10 months of 2021, metallurgical enterprises of Ukraine produced: pig iron 17.71 million tons (104.9% compared to January-October 2020); steel 17.90 million tons (105.4%); rolled products 15.97 million tons (105.3%).... 03.11.2021  09:40

• Steel sheet prices rise again due to strong demand Sources said that Russian steel mills received a surplus of orders for November deliveries of flat products, while strong buying interest from listed companies drove up prices for hot rolled products in the country's Central Federal District near Moscow a week before Monday, November 1. Market... 03.11.2021  09:33

• China's daily steel output fell 2% at the end of October The fall in daily steel production at 247 Chinese blast furnaces and 71 electric arc plants, according to the Mysteel study, resumed in the last eleven days of October, following the growth seen in early and mid-October. New data shows production fell by an average of 52,400 tonnes per day, or 2%... 02.11.2021  10:02

• Ukraine increases supply of long products in the CIS against the background of quotas in Europe Prices in the export market for long products from the Commonwealth of Independent States continued to rise during the week until Monday, November 1, mainly due to higher offers from Ukraine, as the country still has most of the quotas allocated for the fourth quarter in Europe. Meanwhile,... 02.11.2021  09:49

• Rating of the best steel producing countries in the world The World Steel Association (worldsteel) has published a list of the ten largest crude steel producers for September this year. China continued to be the leader in steel production with a production volume of 73.8 million tonnes (mt). Compared to September last year, the volume of production in... 01.11.2021  12:25

• UK electric arc furnaces will operate at night Liberty Steel UK has announced the resumption of production at its GREENSTEEL Rotherham electric arc furnace. Operations were scheduled to restart overnight to maximize efficiency and reduce energy costs. According to the press release, the work will take place from 11:00 pm to 6:00 am, when... 01.11.2021  12:21

• EU and US reach agreement on steel trade The European Union and the United States have announced that they have reached an agreement to end an ongoing trade dispute over metal products that began with the Turmp administration's Section 232 tariffs. Recent reports confirm that trade barriers for European steel suppliers in the US will... 01.11.2021  12:19