Metallurgy news

• Steel production in Italy fell in January-August According to the Federazione Imprese Siderurgiche Italiane (Federacciai), Italy produced about 1.54 million tonnes of steel in January-August, down 4.5% from the same period a year ago. In August, total steel production was around 857,000 tonnes, down 26.6% year on year. Italian steel mills... 27.09.2019  10:39

• US Steel announces layoffs of 350 employees US Steel recently said it was laying off about 350 workers in Michigan and Indiana. In an August 1 letter to the head of the Michigan Workforce Development Agency, the company said it would lay off about 200 workers at its Great Lakes plant due to stove downtime. "These adjustments are driven... 26.09.2019  13:01

• Coal stocks in EU ports rise to 4-month high Coal stocks at Northwest European dry bulk terminals have risen to four-month highs as low river water levels reduce barge supplies to inland factories. Stocks at four key dry cargo terminals in Amsterdam, Rotterdam and Antwerp were recorded at 7.1 million tonnes this week, the highest since... 26.09.2019  12:52

• Malaysia introduces preliminary tariffs for rebar from Singapore and Turkey The Ministry of International Trade and Industry said Malaysia has imposed temporary anti-dumping duties on reinforced concrete rebars from Singapore and Turkey. Following a preliminary investigation that began in late April, Malaysia will impose an interim measure “in the form of temporary a... 26.09.2019  12:50

• Metalloinvest announces early redemption of its 2020 Eurobonds The world's leading iron ore and HBI producer and supplier, as well as one of the regional high-quality steel producers, Metalloinvest, have announced their intention to redeem their 2020 Eurobonds ahead of schedule. In order to optimize its loan portfolio, the Company decided to repurchase its... 25.09.2019  12:27

• Brazilian steel production fell in August According to the latest data from the Brazilian Steel Institute (IABr), Brazil produced about 2.52 million tonnes of crude steel in August, down 13.4% from the same period last year. Rolled steel production in August was about 1.84 million tonnes, down 3.3% year-on-year. From January to August,... 25.09.2019  12:22

• Pakistan closes 5 rolling mills due to air pollution The Pakistani Environmental Protection Agency has closed five rolling mills in Lahore due to air pollution problems in those mills. Ali Ijaz, deputy director of the Environmental Protection Department (EPD), said the factories were shut down because they were using low-quality fuel and emitted... 25.09.2019  12:16

• Steelmakers in Turkey hope to replace US tariffs with import quotas Turkish steelmakers tried to positively regain their share of the US steel market. Some steelmakers hoped to discuss the matter with US authorities, although there is currently no reliable information on the market. Some market participants hoped to replace US tariffs with 25% import quotas.... 24.09.2019  10:46

• US-UK Trade Agreement Expected July 2020 The main goal of the US was to hope that the UK would lower the import tariff on US steel products, and the goal for the UK was to get permission to enter the US financial services market. According to Donald Trump's G7 announcement in August, a US-UK trade agreement was in progress and both... 24.09.2019  10:42

• Steel recycling policy in India fused to strengthen steel sector The government is pushing for steel recycling policies as it seeks to increase scrap use, production, reduce India's dependence on imports of raw materials for steel production, and attract investment. “By next month we will probably have a solid policy. We have already prepared one at the M... 24.09.2019  10:28