Metallurgy news

• Russia is discussing the purchase of metals for state reserves According to Reuters, the Russian Industry Ministry has held preliminary talks with metal producers to purchase their products for government stocks, the ministry said in a statement on Tuesday. Moscow is closely monitoring the rise in raw material prices in the construction sector as part of... 02.06.2021  11:23

• Iron ore price surpasses $ 200 again Iron ore prices jumped on Tuesday, boosted by reports that the Tangshan steel center plans to reduce production cuts at its plants. The Tangshan government held a symposium on Monday to discuss lowering the production cutback rate for some plants that have completed ultra-low-emission upgrades,... 02.06.2021  11:06

• Indonesia is the world's second largest exporter of stainless steel Indonesia has evolved from a country only importing stainless steel in the past to the second largest stainless steel exporter in the world. Indonesia received a lot of investment because Indonesia supported foreign-invested companies to build factories and protect the interests of foreign... 01.06.2021  09:52

• Mexico launches fifth investigation of Russian sheet steel The Mexican Secretariat for the Economy (SE) has announced that it has launched a fifth anti-dumping (AD) investigation against flat steel from Russia, following a request from Mexican producers Ternium Mexico SAde CV and Altos Ornos de Mexico, SAB de CV (AHMSA). The investigation covered the... 01.06.2021  09:48

• Indian JSW Steel intends to increase production capacity According to reports, the Vijayanagara plant's steel capacity under Indian steel producer JSW Steel was slated to increase by 5 million tonnes per annum to 17 million tonnes per year by the end of the fiscal year ending March 2024. The company announced that it will spend Rs 150 billion to... 01.06.2021  09:46

• Steel production in China increased in January-April China's hot rolled coil (HRC) production in April was about 16.16 million tonnes, up 8.2% from the previous month. In the first four months of this year, China's HRC production totaled approximately 61.23 million tonnes, an increase of 18.1% over the same period last year. During the same... 28.05.2021  12:05

• Japan's steel and iron production fell in April According to statistics from the Japan Iron and Steel Federation (JISF), Japan's crude steel production was about 7.8 million tonnes in April, down 6% from the previous month and up nearly 19% from the same month last month. of the year. During the same period, pig iron production in Japan was... 28.05.2021  12:03

• US crude steel production plummets According to statistics from the American Iron and Steel Institute (AISI), for the week ended May 22, crude steel production in the United States was about 1.79 million short tons, down 0.3% from the same period a week ago and up 54. 6. % compared to the same period a year earlier. The capacity... 28.05.2021  12:01

• Fitch Solutions raised its forecast for world steel prices US ratings agency Fitch Solutions announced that due to imbalances in supply and demand, the forecast short-term global steel price for the first half of 2021 has been raised to USD 800 per tonne from the previous forecast of USD 660 per tonne. In the second half of the year, production will be... 27.05.2021  12:39

• Belarusian BMZ signed an export agreement with Italy The Belarusian Metallurgical Plant (BMZ) has signed a major export agreement for goods to be exported to northern Italy for the supply of seamless pipes and steel in 2022. The materials will be used in the automotive and bearing industries. BMZ mentioned that it is also in talks with a large... 27.05.2021  12:27