Metallurgy news

• World Steel Association issues CO2 directive The World Steel Association has published a public policy document on how the industry can reduce CO2 emissions. The eight-page report focuses on reducing emissions from iron and steel production. The association's report highlights three steps the industry can take to reduce emissions:... 18.05.2021  11:15

• The rest of steel prices in China are declining, but prices remain high Fitch Ratings expects steel price growth in China to slow in the coming weeks as summer approaches, as downstream demand tends to fall during the season due to sluggish construction activity. However, the combination of high iron ore prices and new environmental regulations restricting supply is... 18.05.2021  10:46

• JSPL Records Highest Steel Output Ever Jindal Steel & Power Limited (JSPL) recorded the highest steel production in the fourth quarter of fiscal 21. The volume of production, including pig iron, amounted to 2.07 million tons, which is 35% more than in the previous year. JSPL Standalone reported a record EBITDA of Rs 4,884 crore. The... 18.05.2021  10:31

• Rising raw material prices lead to higher prices for pig iron Commercial pig iron prices have risen over the past week, fueled by higher prices for iron ore, scrap and finished goods. While activity remains subdued, China's strong interest in imports inspires confidence in sellers to boost supply, while alerting some former fence-sitters to act. This led... 17.05.2021  11:03

• US and EU reach temporary tariff truce on metals The Biden administration is set to announce a truce in a dispute with the European Union over metals tariffs, freeing iconic products like American Bourbon whiskey from doubling EU tariffs next month, sources familiar with the matter said. The decision could be announced as early as Monday,... 17.05.2021  11:00

• Imports of stainless steel to Russia rose in March According to statistics published by the Association of Consumers and Suppliers of Special Steel and Alloys (Association Special Steel), the total volume of stainless steel imports to Russia in March 2021 amounted to 34,770 tons, which is 14.8% more than in the previous month. During the... 17.05.2021  10:51

• India considers the possibility of reducing import duties on steel products The Indian government has proposed lowering import duties on steel products, considering lowering the duty rate to zero or near zero to curb price increases and reduce pressure on small and medium-sized enterprises (SMEs). In India's budget for 2021-22, Indian Finance Minister Nirmala Sitharaman... 14.05.2021  11:08

• Expansion of protective measures could reduce steel supplies to Europe The Turkish Steel Exporters Association (CIB) has indicated that the EU should not extend the protection measures for steel imports. Otherwise, it would lead to a reduction in supply and an increase in prices. The CIB indicated that Trump's Section 232 tariffs caused a sharp rise in domestic... 14.05.2021  11:07

• Global steel consumption will grow by 4.5-5.5% in 2021 ArcelorMittal, the world's largest steel company, predicts global steel consumption will grow 4.5-5.5% in 2021, or 8.5-9.5%, excluding China. “The quarterly results reflect a very positive market environment. Demand is back higher than we expected, with high supply chain inventories following s... 14.05.2021  11:03

• ArcelorMittal acquires Dortmunder Blankstahl to expand business in Germany ArcelorMittal, one of the world's leading steel producers, has attempted to expand its business in Germany by purchasing Dortmunder Blankstahl, one of the local producers of steel bars in Germany, according to a statement from ArcelorMittal. ArcelorMittal Germany was the second largest steel... 13.05.2021  11:33