Metallurgy news

• Kazakhstan introduces a ban on coal exports for 6 months from August 1 Kazakh authorities have announced that coal exports by road will be banned for six months starting August 1. This is done in order to avoid a situation with a shortage of coal last year. In September last year, due to cold weather, domestic demand for coal was high, which led to a further... 05.08.2022  08:15

• Indonesia plans to introduce a new export duty on nickel in the third quarter of 2022 Indonesia is set to adopt a tax policy on nickel exports in the third quarter of this year as the authorities seek to boost revenues from exports of more expensive products made locally. According to Deputy Coordinating Minister for Maritime Affairs and Investments Septian Hario Seto, the export... 02.08.2022  13:24

• China's manufacturing PMI fell to 49 in July In July, the China Purchasing Managers Index (PMI) for the country's manufacturing retreated from a two-month rise of 1.2 percentage points from the previous month to 49, or fell again after breaking the 50 threshold in June. New issue of China National Bureau of Statistics (NBS). July's PMI was... 02.08.2022  13:23

• International steel market may fluctuate low in August In July, the global economic recovery continued to slow down. While demand for steel in the international market remains weak, overseas plants tend to reduce production. The low volume of steel production in Ukraine and Russia was caused by many factors, such as unresolved problems in logistics,... 02.08.2022  13:19

• China: steel industry enters a new phase of evolution With mounting downward pressure, China's steel industry must accelerate its pursuit of innovative, high-quality development to control output, reduce inventories and increase the value-added of steel products, government officials and industry experts said on Friday. They also said the industry... 01.08.2022  13:05

• Chinese steel mills cut production Market prices for steel continue to fall, and recently 23 Chinese steel mills were closed for maintenance. Market participants said that cutting production is the only way to address the current situation in the steel industry, as well as reduce selling pressure and inventories, and this... 29.07.2022  09:44

• UK cancels tariffs on Brazilian rolled metal The UK government decided to lift tariffs on steel plate and cold-rolled steel imports from Brazil on July 22, four days after the US lifted a 46% duty (a 35% anti-dumping duty and an 11% countervailing duty) on Brazilian cold steel. - rolled steel. The US and UK have adjusted protective tax... 29.07.2022  09:13

• Steel sales in Germany declined In June, steel sales in Germany amounted to almost 809,000 tons, down 8% m/m and 15% y/y. In addition, sales in June were 11% lower compared to the average sales from January to May. In June, flat steel sales in Germany amounted to 481,000 tonnes, down 6% on the previous month and down 9.6% on... 29.07.2022  09:12

• Steel production at Russian NLMK declined in 1H and 2Q In the first six months of this year, steel production at the Novolipetsk Iron and Steel Works (NLMK) amounted to about 8.9 million tons, down 1% year on year. Steel sales amounted to 8.57 million tons, an increase of 4% compared to the same period last year. The increase in sales is due to the... 28.07.2022  09:11

• EU members agree to cut natural gas consumption by 15% The European Commission on July 20 proposed to propose to members of the Union to reduce natural gas consumption by 15% from August 1, 2022 to March 31, 2023, in order to cope with the shortage of natural gas and reduce dependence on Russia in the energy sector. . However, this proposal was opposed... 28.07.2022  09:10