Metallurgy news

• Steel prices in China fell in September After stabilizing amid tentative optimism in August, Chinese steel prices are likely to weaken again in September, Wang Jianhua, chief analyst at Mysteel, predicted in his monthly forecast, noting that increased supply will be the main pressure. As spot and futures steel prices rebounded in... 01.09.2022  10:46

• Emirates Steel explores new export markets in Asia and Africa Saeed Ghumran Al Remeiti, CEO of Emirates Steel Arkan, said the group is considering expanding into new export markets in Asia and Africa to increase production and efficiency, and improve the group's international competitiveness. Al Remeiti said the export market accounts for 45% of the... 31.08.2022  11:12

• UK extends anti-doping measures against cold-rolled products from Russia and China until 2026 The UK Government has accepted the recommendation of the Remedies Authority (TRA) to extend existing anti-dumping orders (AD) on cold-rolled flat products from Russia and China for another five years until 5 August 2026. Current measures are likely to result in dumping and hurt British... 31.08.2022  11:10

• Steel production in Italy fell in July According to statistics from the Federacciai Italian steel association, Italy's steel production in July this year was about 1.6 million tons, down 27% from the same month last year. During the reporting period, Italian long products production was 888,000 tons, down 30.5% year-on-year, while... 31.08.2022  11:08

• Tata Steel signs a memorandum to set up a plant in Ludhiana ata Steel has signed a Memorandum of Understanding (MoU) with the government of Punjab to set up a 0.75 Mtpa (MnTPA) long products plant with an electric arc furnace (EAF) using scrap. This new facility initiative in Kadiana Khurd, Hitech Valley, Ludhiana in Punjab is part of Tata Steel's... 30.08.2022  13:23

• A third of China's steel mills could go bankrupt - Li Gangpo China's steel industry is entering a dangerous new era as a deepening real estate crisis threatens demand and Beijing's construction-driven growth model looks increasingly untenable. Nearly a third of China's steel mills could go bankrupt in a crisis likely to last five years, Li Gangpo, founder... 29.08.2022  10:41

• British Primetals will supply the first EAF to the German company Salzgitter Primetals Technologies, a UK-based engineering and construction company, plans to deliver the first electric arc furnace (EAF) for a low CO2 steel production project of German manufacturer Salzgitter, SALCOS. Salzgitter noted that the annual production capacity of the electric arc furnace will... 29.08.2022  10:36

• EDB provides financing to SSGPO of Kazakhstan The Eurasian Development Bank (EDB) has provided Kazakh iron ore miner Sokolov-Sarybai Mining and Production Association (SSGPO), a member of the Eurasian Group (ERG), with US$55 million in financing to develop the production of SSGPO export goods. EDB has been cooperating with ERG for a long... 29.08.2022  10:34

• EUROFER: Dim prospects for EU steel industry this year The European Steel Association (EUROFER) indicated that the performance of the EU steel industry in the first quarter of 2022 slowed compared to 2021, predicting a bleak outlook for European steel markets this year. The outlook for steel demand remains highly uncertain due to the ongoing energy... 29.08.2022  10:32

• Brazil initiates investigation into imports of seamless steel pipes from China and Romania According to a statement from the Brazilian Secretariat of Foreign Trade (SECEX) dated August 22, 2022, Brazil initiated the fourth review of anti-dumping duties (AD) on imports of carbon steel seamless steel pipeline pipes from China and Romania based on an application filed by local steel pipe... 29.08.2022  10:28