Metallurgy news

• China plans to supply 45% of steel raw materials for its metallurgy by 2025 According to market sources, China's goal of achieving 45% self-sufficiency in steel raw materials, including iron ore and scrap, by 2025 is difficult, but may be achievable if the country's scrap steel production continues to grow steadily. The goal was mentioned in a draft quality development... 19.01.2021  08:45

• Indian Cabinet of Ministers Amends Mining Law The Indian Cabinet of Ministers has approved amendments to the mining law that will help double mining in the next 4-5 years. The amendment was intended to allow processors such as the steel, cement and thermal power industries to own iron ore and coal mines that could be freely sold in addition... 18.01.2021  14:28

• American Norfolk Iron & Metal successfully acquires Cd 'A Metals Norfolk Iron & Metal (NIM) has successfully acquired Cd 'A Metals. According to NIM, the acquisition will help NIM expand its market. Cd'A Metals specializes in the sale of a variety of products such as various grades of stainless steel, aluminum, wear resistant steel and decorative iron parts.... 18.01.2021  14:24

• Results of rolled metal production in Ukraine for 2020 For 12 months of 2020, metallurgical enterprises of Ukraine produced: agglomerate - 31,910,000 tons (103.3% compared to the same period in 2019) gross coke (6% vol.) - 9,670,000 tons (96.1%); pig iron - 20,420,000 tons (101.8%); steel - 20,620,000 tons (98.9%); rolled stock - 18,430,000 tons... 18.01.2021  14:00

• CIS pig iron targets $ 600 Offers from the LPG plants are mainly intended for production in March and subsequent loading at the end of March /April, but a small tonnage for production at the end of February is still available. This material is best for Turkey, which usually pays more and prefers faster shipping. However,... 15.01.2021  14:52

• Steel exports from China in December rose by 10.2% Steel exports from China rose 10.2% month-on-month to 4.85 million tonnes in December, as Chinese mills took advantage of skyrocketing international prices driven by resurgent global steel demand. According to preliminary customs data, exports increased 3.6% in December from a year earlier,... 15.01.2021  14:43

• Ukraine continues to increase export prices for wheat Export prices for Ukrainian food wheat continued to rise this week, driven by an uptrend in the Russian market and a decline in the expected global wheat production. Supply and demand prices for milling wheat with a protein content of 12.5% ​​increased on Wednesday by $ 4-6 per ton, reaching $ 28... 15.01.2021  14:39

• Indian billet export prices rise to seven-year high Export prices for Indian billets rose again at the end of last week as a result of a tender organized by an Indian state-owned plant for the placement of 30,000 tonnes of billets (150 * 150mm, grade 3SP /4SP). According to SteelMint sources, the company managed to reach the price level of $ 575-580... 14.01.2021  12:15

• Hebei COVID-19 Cases Alarmed Steel Market Hebei, China's leading steelmaking province in northern China and now the new epicenter of the COVID-19 outbreak in China, is rapidly acting by limiting citizen mobility in its three cities - Shijianzhuang, Xingtai and Langfang, as well as local authorities rushed to conduct tests on exchanging a... 14.01.2021  12:10

• Steel prices hit record highs in Indian market Domestic steel prices hit an all-time high, putting more pressure on car and consumer durables as demand is beginning to recover from the pandemic. Hot rolled coil (HRC) prices - a key indicator of flat steel price trends - rose on average to their highest level of £ 58,000 per tonne, according ... 11.01.2021  10:18