Metallurgy news

• EU makes final AD review on pipes and fittings from China The European Commission has announced a positive final decision to end the anti-dumping inspection of pipes and fittings made of iron or steel made in China, while continuing to levy a duty of 58.6% AD. At the same time, a duty of 58.6% AD also applies to Chinese pipe fittings exported to the EU... 01.02.2022  11:47

• Indian mills continue to increase HRC on more expensive coal Due to the sharp rise in coking coal prices, Indian mills have increased their HRC offerings by another $35-$40/t/week to $770-780/t FOB India for March deliveries. They say that they have every opportunity to conclude export deals. Due to the growing supply in Southeast Asia, the plants have... 31.01.2022  12:14

• US Steel profit hits record high in 2021 Pittsburgh-based steelmaker US Steel posted a record profit of $4.174 billion in 2021 thanks to strong steel prices, which were supported by strong demand, an economic recovery and tariffs on much of the steel it imports. In the fourth quarter, the profit was 1.06 billion US dollars. US Steel... 31.01.2022  12:06

• WTO allows China to impose tariffs against the US The World Trade Organization (WTO) allowed China on Wednesday to impose $645 million worth of countervailing tariffs against the United States in a ruling that was immediately criticized in Washington. China joined the WTO in 2012 to challenge anti-subsidy tariffs imposed by the United States... 28.01.2022  10:52

• Worldsteel: Global Crude Steel Production Decreases in December 2021 According to statistics from the World Steel Association (worldsteel), crude steel production from the 64 countries included in the statistics was 158.7 million tonnes in December 2021, down 3% from the same month a year ago. Of these, smelting in Africa decreased by 9.6%, to 1.2 million tons,... 28.01.2022  10:38

• Borusan Mannesmann invests in a new steel pipe plant in Romania Borusan Mannesmann, Turkey's leading steel pipe manufacturer, said it has purchased land in Ploiesti for €805,000 to build a new steel pipe plant in Romania. The new plant will be mainly focused on meeting the demand from the European automotive industry. Production capacities were not d... 28.01.2022  10:35

• China's iron ore price index rose on January 26 The China Iron Ore Price Index (CIOPI) stood at 494.00 on Jan. 26, up 0.53% or 2.63 points from the previous index, according to the China Iron and Steel Industry Association (CISA). January 25 CIOPI ore price index was 411.24 points, up 0.06% or 0.26 points from the previous price index; the... 27.01.2022  10:36

• EU scrap metal suppliers face increased logistics costs The cost of transporting scrap metal domestically in Germany and the Benelux countries has risen further over the past month due to a shortage of truck drivers and rising diesel prices. Scrap suppliers said that logistics costs for truckloaded scrap shipments have risen another 5-10% over the... 27.01.2022  10:34

• Polish copper company wants nuclear power to be labeled 'green' According to the head of Europe's largest copper producer, Poland's KGHM Polska Miedź SA, European industry could only continue to grow with clean energy if the EU decides to consider some investment in nuclear power plants as sustainable, green energy. KGHM Polska Miedź, the largest consumer of ... 27.01.2022  10:29

• UK TRA to review AD measures on heavy plate in China The UK Remedies Authority (TRA) initiated a transitional review of an anti-dumping measure (AD) on steel plate originating in China on 25 January to determine whether the current AD measure should continue and whether the measure is in line with UK requirements. . These are hot-rolled flat... 26.01.2022  13:17