Metallurgy news

• Export duties from China and Russia stimulate the rise in prices for stainless steel After Taiwan's steel mills raised prices, market prices for stainless steel rose correspondingly. Market participants noted that this was mainly due to an increase in export duties from China and Russia. China has previously canceled the export duty exemption. While no date has yet been set for... 05.07.2021  11:52

• Hot rolled steel prices fall in Europe The recent weakening of global price trends could affect prices in Europe. Local buyers are negative and buy conservatively. However, the EU mills are currently supplying hot rolled coil (HRC) for delivery in the fourth quarter and the capacity quota has been filled. Some distributors believed... 02.07.2021  12:43

• NLMK Group expands its range of structural steels NLMK Group reportedly provided VinProf with a batch of weather-resistant steel for testing. The product has increased resistance to atmospheric corrosion and is used for the manufacture of lattice systems - supporting structures of vines. The key feature of this steel is the presence of an... 02.07.2021  12:36

• The fifth steelmaking shop of Dneprospetsstal celebrates its 55th anniversary Today, the 55th anniversary is celebrated by the steel-making shop No. 5 of the Dneprspetsstal metallurgical plant. According to the press service of the enterprise, unique technologies of vacuum arc and electroslag remelting were mastered in this shop. Today the jubilee workshop is mastering... 02.07.2021  11:43

• Protective measures extended to EU metallurgists for 3 years The European Commission announced the extension of protective measures for 26 categories of rolled metal produced by foreign metallurgical enterprises and entering the EU. The measures in the form of tariff quotas will apply from July 1, 2021 to June 30, 2024. The size of quotas will increase by... 01.07.2021  12:19

• Trade tensions escalate due to scrap metal shortages With the rise in global electric arc furnace steel production globally, demand for scrap, especially from China, will continue to grow and could lead to its own trade disputes as countries seek to gain the upper hand in exports, according to industry executives. The EU announced the restriction... 01.07.2021  12:08

• India has extended duties on the import of hot-rolled steel from the Russian Federation and 5 other countries The Indian Ministry of Finance announced the extension of anti-dumping duties on certain types of hot-rolled steel produced by the metallurgical enterprises of Brazil, Indonesia, China, Korea, Russia and Japan until December 15, 2021 inclusive. Recall that a re-investigation in connection with... 01.07.2021  12:02

• US steel imports from Vietnam could almost double The American Iron and Steel Institute (AISI) predicts a significant jump in the country's finished steel imports this year. The estimates provided by the association are based on import trends during the first five months of the current year. Throughout 2021, the country is likely to see an... 30.06.2021  11:46

• EU begins in-depth study of IAG's plans to buy Air Europa The European Commission said on Tuesday that it has launched an in-depth investigation into the planned purchase of International Airlines Group by Spain's Air Europa. The Commission, which oversees EU antitrust policy, said it fears the proposed deal would reduce competition on Spanish domestic... 30.06.2021  10:54

• POSCO invests in a Chinese sheet steel mill Chinese steelmakers HBIS Group and South Korea's POSCO have agreed to invest $ 600 million in a joint venture to produce and sell automotive steel sheets in China, POSCO reported on Friday. In this way, POSCO aims to create a stable steel sheet supply chain for the automotive industry in China,... 30.06.2021  10:51