Metallurgy news

• British steel and aluminum exporters begin duty-free exports to the US Exporters of steel and aluminum in the UK no longer need to pay duties on exporting materials to the US, with some volumes allowed to export duty-free from 1 June. In March, the US announced that it would replace Section 232 steel and aluminum tariffs on UK supplies with a quota system. Up to... 03.06.2022  09:41

• Export sales of hot-rolled steel from India blocked by new tariffs The Government of India recently announced a 15% export duty on steel products, including hot rolled coil (HRC), which is hindering the export sales of Indian steel mills. Vietnamese company Formosa Ha Tinh Steel recently offered discounts on domestic prices for deliveries in July-August.... 03.06.2022  09:40

• Global steel production fell 5% in April worldsteel data shows global crude steel production stood at 162.7 million tonnes in April, down 5.1% from the same month in 2021. This is the ninth month in a row that a decline has been recorded compared to last year. The decline, which began in mid-2021, was initially due to rising gas and... 03.06.2022  09:35

• Worldsteel: Turkish steel production fell in January-April due to higher energy prices According to statistics released by the World Steel Association (worldsteel), Turkey's steel production in April this year was 3.4 million tons, up 1.6% from the same month last year. In the first four months of this year, Turkey's crude steel production was 12.8 million tons, down 3.2% from... 01.06.2022  09:56

• British Steel secures government funding for green hydrogen research British Steel has received funding from the UK government to conduct a feasibility study on switching from natural gas to green hydrogen as the fuel source for its reheat furnaces. If the study is successful, British Steel will conduct an industrial-scale demonstration during which the... 01.06.2022  09:55

• Global stainless steel production to grow by 4% in 2022 MEPS predicts that global crude stainless steel production will reach 58.6 million tonnes this year. Growth is likely to come from businesses located in China, Indonesia and India. Melt activity in East Asia and the West is expected to remain limited. Stainless steel production in China... 01.06.2022  09:54

• War in Ukraine Disrupts Trade Patterns - Irepas The war in Ukraine is changing trade patterns and creating new opportunities for other steel-producing countries besides Russia and Ukraine, participants in a meeting of the International Association of Exporters and Rebar Manufacturers (Irepas) this week in Istanbul said. For example, the war... 01.06.2022  09:08

• Worldsteel: Global Crude Steel Production Falls in April According to statistics released by the World Steel Association (worldsteel), global crude steel production in April this year was almost 163 million tons, down 5.1% from the same month last year. Of these, production in Africa decreased by 5.4% to 1.2 million tons, in Asia it decreased by 4% to... 25.05.2022  10:16

• Export of semi-finished products from Ukraine fell in January-April Export of semi-finished products from Ukraine for the first four months of this year amounted to about 1.2 million tons, which is 55.3% less than last year. The value of exports fell by 45% to approximately US$707.8 million. Among them, Italy was the leading country that imported the most... 25.05.2022  10:14

• Steel production in Japan fell by 4.4% in April Japan's crude steel output fell 4.4% year-over-year in April, the Japan Iron and Steel Federation said on Monday as manufacturers responded to sluggish demand from the auto sector due to a prolonged supply chain crisis and restrictions imposed by China. related to COVID-19. Production in Japan, the... 25.05.2022  10:13