Metallurgy news

• Steel production in Turkey has grown Turkey produced approximately 3.2 million tonnes of crude steel in May, up 42.4% from the same month last year, according to the Turkish Iron and Steel Association (TCUD). During this period, Turkey exported about 1.7 million tons and imported 1.5 million tons of steel products, an increase of... 08.07.2021  11:00

• Iron ore price rises amid rising steel futures Iron ore prices have risen again since the beginning of the week following a rise in steel prices. The most traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) fell in the morning but rose 0.5% in the afternoon before closing, compared to Monday's close at 1,225... 07.07.2021  10:54

• Major steel mills in North China resume at 70% utilization Furnaces at all major steel mills in Tangshan, Hebei province in northern China, the world's # 1 steelmaking city that produced about 14 percent of China's crude steel in 2020, are on fire again, an industry report said Monday. However, due to the country's continued drive to reduce carbon... 07.07.2021  10:52

• SAIL Starts Closing Commodities Division Amid Protests The state-owned steel company Steel Authority of India Limited (SAIL) is reportedly implementing its decision to dissolve the raw materials division to disband the raw materials division of Kolkata, despite vigorous protests from the state administration. The company has already filed transfer... 06.07.2021  12:14

• Stainless steel production in Russia fell in January-May y /y According to statistics from the Federal State Statistics Service (Rosstat), stainless steel production in Russia in the first five months of this year was about 83,000 tonnes, down 4.5% over the same period last year. In May alone, stainless steel production in Russia totaled 17,000 tonnes, up... 06.07.2021  12:07

• US will not waive section 232 tariffs The US government continued to levy duties on steel and aluminum imports based on Section 232. The American Iron and Steel Institute (AISI) explained that the US and EU are positively seeking a solution to reduce global tensions. They predicted that effective solutions would be found before the end... 06.07.2021  12:05

• South Korean mills are paying for high-quality scrap South Korean mills still pay a much higher premium for high quality Japanese scrap. A leading South Korean mill recently ordered Shindachi scrap at ¥ 66,500 per tonne ($ 598), while a Korean EPP refinery booked H2 scrap at ¥ 48,000 per tonne ($ 431), Korean trade sources said. ... Japanese trade ... 06.07.2021  12:00

• Brazil breaks records for export of iron ore Exports of Brazilian iron ore in June reached 33.68 million tons. This is the maximum this year. Brazil last exported iron ore in September last year. Experts attribute such high export volumes to the actions of Brazilian producers, including Weil, who, seeing high prices for iron ore, decided... 05.07.2021  12:10

• NLMK begins construction of a steel plant in India NLMK Group announced the start of steel construction for a new grain-oriented steel plant in the state of Maharashtra in India. Construction was planned for the equipment installation at the end of 2021 and was to be commissioned in the first half of 2022. NLMK has announced that it will... 05.07.2021  12:04

• Emission quotas prices in the EU are approaching 100 euros The European Commission estimates that by the end of the decade, emission prices could rise to 85 euros. According to many experts, this is a very conservative estimate. In their opinion, the cost of emission allowances will exceed 100 euros. And much faster…. The European Commission will p... 05.07.2021  11:56