Metallurgy news

• Japan's steel production to fall to 52-year low in 2020-2021 Japan's crude steel production will fall 16% year-on-year to 82.5 million tonnes between fiscal April 2020-March 2021, the lowest level in 52 years since 1968-1969, according to the forecast by the Ministry of Trade and Industry country (Meti). Meti said today that the country's steel production... 23.12.2020  11:11

• Steel demand in China to reach 991 million tonnes in 2021 Steel demand in China is expected to reach 991 million tonnes in 2021, up 1.0% from 2020, according to a report released by the China Metallurgical Planning and Research Institute. ... Steel consumption this year was projected at 981 million tons. an increase of 9.6% over the previous year, with... 23.12.2020  11:06

• Russian Severstal has ordered a new rolling line Russian steelmaker Severstal has signed a contract with Italian steelmaker Danieli to install a new section mill at its main production facility in Cherepovets. The launch of the new production was scheduled for the end of 2022. It was clear that the current capacity of the company for the... 23.12.2020  10:48

• In Ukraine initiated an investigation into the import of rolled metal products from China The Interdepartmental Commission on International Trade (ICMT) has initiated an anti-dumping investigation into the import of coated carbon steel products from China to Ukraine. According to the message in "Uryadov Courier" on December 19 of this year, the decision to initiate an investigation... 22.12.2020  12:26

• Steel prices in China will rise in 2021 China's domestic steel market will see higher prices in 2021, especially in the first half of the year, given the possibility of a relatively tight supply-demand balance on December 19, according to a discussion at the annual Mysteel Summit in Shanghai. Raw material prices will also support the... 22.12.2020  12:03

• Britain may challenge Singapore's status as a global transport hub As the Brexit issue gradually cleared up, the UK was no longer bound by EU rules and could negotiate its own trade agreement. Therefore, it was proposed to develop a delivery system. The UK is reforming its taxation and oversight practices to attract more merchant ships, according to a British... 21.12.2020  11:48

• Brazil Steel Prices May Rise Again In January According to Credit Suisse analysts, it is possible that in January the Brazilian market will see another rise in flat steel prices from 10% to 15%. Analysts say Brazilian steelmakers are using recent increases in international steel benchmarks, such as high raw material costs with iron ore... 21.12.2020  11:45

• Nippon Steel Corporation and Rio Tinto Sign Memorandum of Understanding ippon Steel Corporation, the largest steel producer in Japan, and Rio Tinto, the world's leading mining and metals company, have signed a Memorandum of Understanding (MoU) to jointly explore, develop and demonstrate technologies to move towards a low carbon steel value chain. Nippon Steel and... 21.12.2020  11:44

• Steel price growth will stop in three months - Severstal Severstal predicts that the rise in world steel prices will continue for about three more months, says CEO Alexander Shevelev. “I believe that the shortage in the steel market will soon lead to higher prices,” says Shevelev. “However, sooner or later the market must balance: the deferred demand ... 18.12.2020  09:53

• EU introduces AD duty on steel imports from Turkey An anti-dumping investigation by the European Commission (AD) confirmed that imports of Turkish hot rolled coils (HRC) were dumped. Thus, the products in question will be charged a preliminary AD rate in the range of 4.8-7.6%. This AD investigation was initiated on May 14, 2020 and will end... 18.12.2020  09:51