Metallurgy news

• U.S. Economic Growth Reaches All-Time High According to official US government statistics, gross domestic product (GDP) growth in the third quarter of this year was 33.1% compared to the previous quarter. It was a new all-time high that also exceeded market expectations. The main reason for this huge recovery was related to the... 30.10.2020  15:27

• MMK in Russia to increase rolled steel production in Q4 Magnitogorsk Iron and Steel Works (MMK), the largest steel producer in Russia, will increase steel exports in the fourth quarter of this year. The main reason for the increase in production in the last quarter of this year is the completely revamped hot-rolled mill. With the addition of a new... 29.10.2020  19:06

• Liberty Steel will increase Adhunik Metaliks' annual capacity by 1 million tons Liberty Steel, a UK-based international company offering complete offerings from liquid steel to high quality precision steel, recently doubled capacity at Adhunik Metaliks, a bankrupt steelmaker that Liberty acquired in March, with the aim of increasing capacity to one million tonnes. a year in... 29.10.2020  19:04

• China may lift ban on scrap imports in early 2021 From Japanese sources it became known that China may lift the ban on imports of scrap metal in early 2021 or no later than June next year. China has reclassified steel scrap as a recyclable resource, so scrap will not be considered waste and therefore will not be subject to the import... 29.10.2020  18:58

• Russian Severstal develops A800R class valves Russian Severstal has developed and mastered the A800R rebar technology, especially in the field of stress relief. The A800R class fittings are manufactured at the Cherepovets Metallurgical Plant and have high strength and bending resistance. This steel reinforcement is suitable for use in... 28.10.2020  17:48

• USA retains AD duty on wire rod imports from Belarus The United States Department of Commerce (USDOC) has announced the final results of a Changed Circumstances Survey (CCR) of anti-dumping (AD) duties on reinforced concrete reinforcing bars (rebars) and wire rods from carbon and alloy steel from Belarus. The final AD duty was kept at 114.53% for... 28.10.2020  17:45

• World steel production increased by 3% in September World crude steel production continued to grow in September 2020. The monthly production statistics released by the World Steel Association (worldsteel) indicate a 2.9% increase in production from the same month a year earlier. Production in September '20 in the 64 countries represented by the... 27.10.2020  13:15

• Chinese prices for HRC may fall in late October China's hot rolled coil price rose marginally by 1.34% last week for two reasons. First, at the beginning of the week, coil prices fluctuated upward. Meanwhile, limited production measures were taken to protect the environment, and maintenance work on factories in the Tangshan region also helped... 27.10.2020  13:11

• Severstal's net profit decreased in Q3 According to Severstal's report, the company's net profit in the third quarter of this year was USD 167 million, which is 57.3% less than in the previous quarter. Sales revenue increased 17.9% quarter-on-quarter to US $ 1.87 billion, driven by higher sales of Severstal, recovery in steel prices... 27.10.2020  13:09

• Consumption of hot rolled steel is growing in Scandinavia A gradual recovery in consumption in Denmark was reported, supporting the moderate increase in hot coil prices in October. In Sweden, the trend in demand varies by sector, with sales to pumping equipment and forklift manufacturers declining very slightly during this year's difficulties. The ordered... 26.10.2020  13:23