Metallurgy news

• Steel demand falls in January due to CNY holiday The composite PMI for January 2023 was 46.03, up 1.71 points from the previous month and 0.46 points from the previous year. The seasonally adjusted composite index stood at 49.94, up 3.39 points m/m and 0.42 points y/y. In general, the Chinese New Year (CNY) holiday had a greater impact on the... 01.02.2023  11:33

• Global steel production in 2022 fell by 4.2% Global crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) was 140.7 million tonnes (Mt) in December 2022, down 10.8% from December 2021. Steel production by region Africa produced 1.1 million tonnes in December 2022, down 8.9% from December 2021.... 01.02.2023  11:30

• US amends duty rate on long products in Italy The U.S. Department of Commerce (USDOC) has amended the final results of an administrative review of an anti-dumping duty order on certain carbon and alloy steel bars from Italy to correct a ministerial error covering the review period from May 1, 2020 to April 30, 2021 d. The weighted average... 31.01.2023  10:51

• EU launches AD due diligence on cast iron products from China The European Commission has begun reviewing the expiration of anti-dumping measures applicable to imports of certain iron products originating in China. The request was submitted on 28 October 2022 by Eurofonte. These are certain products made of lamellar graphite iron (grey cast iron) or... 31.01.2023  10:49

• Steel production in Japan declined in 2022 According to the Japan Iron and Steel Federation (JISF), Japan's steel production in 2022 was 89.23 million tonnes, down 7.4% from 2021, the first decline in two years. The decline was mainly due to a slowdown in the recovery of auto production and reduced demand for exports amid a sluggish global... 31.01.2023  10:48

• US Steel Kosice operates on all three furnaces Slovak steelmaker US Steel Kosice has resumed operation of all three furnaces. Earlier this week, the company restarted its second blast furnace, which had been idle for 60 days of maintenance in September, meaning all of its units are running. He restarted the first blast furnace, which he says... 26.01.2023  11:42

• Imports of hot-rolled steel to Turkey decreased According to the Turkish Statistical Institute (TUIK), Turkey imported about 4.4 million tons of hot rolled coil from January to November 2022, down 15% from the same period a year ago. While imports from China more than quadrupled to 700,000 tons, imports from Russia and Ukraine fell sharply.... 26.01.2023  11:40

• Crude steel production in China fell in December 2022 According to statistics released by the National Bureau of Statistics (NBS) of China, in December last year, China's steel and iron production was approximately 77.9 million tons and 69 million tons, down 4.5% and 1.5% from the previous year. month. as well as a fall of 9.8% and 4.6% year on year,... 26.01.2023  11:38

• Ukrainian exports of semi-finished products decreased in 2022 According to the State Customs Service, in December last year, the export of semi-finished products of Ukrainian metallurgical enterprises decreased by 16.2% compared to the previous month and amounted to about 71 thousand tons. At the same time, the export revenue of enterprises amounted to about... 25.01.2023  12:40

• Steelmaker Hoa Phat posts big loss in fourth quarter Hoa Phat Group, Vietnam's largest construction steel company, posted a net loss of nearly VND2 trillion ($84.7 million) in the fourth quarter of last year, higher than a loss of roughly VND1.8 trillion. VND in the third quarter. The company's loss in the third quarter was its first quarterly... 24.01.2023  10:38