Metallurgy news

• India reaches an agreement with Japan and South Korea on the supply of iron ore India has always been an important exporter of iron ore to Japan and South Korea. Since 2018, a total of 5.5 million tons have been exported annually. Currently, India has reportedly decided not to renew its long-term iron ore supply agreement with Japan and South Korea due to factors such as... 23.06.2021  11:28

• Mainstream opposes the EAEU project to ban the export of scrap The Russian Scrap Association Ruslom expressed its disapproval of the Eurasian Economic Union (EAEU) project to include scrap in the list of prohibited for export, stating that there is no serious shortage of scrap in the Russian market and in the EAEU, and this policy could bring a negative impact... 23.06.2021  11:27

• Tata Steel expects profit growth thanks to the European segment On the other hand, stringent carbon emission standards can be a problem for a company. Analysts and investors expect Tata Steel's earnings to improve in fiscal 22. The positive outlook is mainly driven by the recent improvement in the profitability of European operations coupled with improved... 23.06.2021  11:13

• MMK modernizes by-product coke production The Magnitogorsk Iron and Steel Works is a leader among the enterprises of the ferrous metallurgy of Russia. Within the framework of the program for long-term development and technical re-equipment of the coke-chemical production of PJSC MMK, it is planned to build a coke oven battery No. 12 with a... 22.06.2021  13:04

• Taiwanese buyers are hesitant to buy cheap rolled metal products from China As the Chinese government takes additional measures to stabilize commodity prices, export quotations for Chinese steel are also falling. Currently, the quotations for Chinese cold rolled steel are quite attractive for Taiwanese buyers. However, there are rumors that China would like to adjust... 22.06.2021  12:42

• Steel production in Italy increased According to statistics from the Italian steel industry association Federacciai, Italy produced about 2.2 million tonnes of crude steel in May, up 7.5% over the previous month and also up 18.8% over the same month last year. ... The year-over-year growth was driven by a low base caused by... 22.06.2021  12:36

• Japan's Tokyo Steel raised prices for thick plate in July Tokyo Steel Manufacturing Co., Ltd., which is based on a leading electric arc furnace in Japan, announced on Tuesday that it had raised its domestic prices for finished thick carbon steel plate by ¥ 5,000 per tonne. The updated price was 107,000 yen per tonne for July delivery, while prices for ... 22.06.2021  12:32

• MMK is a leader in work with startups PJSC Magnitogorsk Iron and Steel Works entered the top 10 Russian corporations in terms of work with open innovations. This is the best result among metallurgical companies. As defined by Barometer, open innovation is technology solutions or products used by a corporation that are developed... 18.06.2021  11:47

• Results of rolled metal production in Ukraine for 5 months of 2021 In January-May 2021, Ukrainian metallurgical enterprises produced 8.02 million tons of rolled metal (107.98% compared to the same period in 2020), of which about 6.59 million tons, or 82.1%, were exported. The share of semi-finished products in export deliveries for 5 months of 2021 is 46.38%,... 18.06.2021  11:14

• Pricing trends in China and Europe may diverge China's control over its domestic steel industry could provide price stability in the country, while in other regions, namely Europe, prices continue to rise. This opinion was expressed at a virtual conference on Wednesday by Stemcor's Dick Sands and Kallanish European editor Emanuele... 17.06.2021  11:08