Metallurgy news

• Outokumpu stainless steel shipments declined in the second quarter Outokumpu, a global stainless steel producer from Finland, said that stainless shipments in the second quarter of this year amounted to 603,000 tons, down 3.7% from the previous quarter. In the first half of the year, deliveries amounted to 1.25 million tons, an increase of 1.3% compared to the... 08.08.2022  12:16

• US Announces Preliminary Results of AD Inspection on Rebar Imports from Turkey The US Department of Commerce (USDOC) announced the preliminary results of the administrative review of the anti-dumping duty. The review period (POR) was from July 1, 2020 to June 30, 2021. During this period, reinforced concrete rebar (rebar) from manufacturers or exporters in Turkey was sold... 08.08.2022  12:15

• Exports of steel pipes from South Korea increased in July According to the Korea Iron and Steel Association (KOSA), exports of steel pipes from South Korea's domestic steel mills totaled 160,400 tons in July, up 9.7% from the previous month and up slightly by 0.3% from the previous month. the same month last year. year. The increase in exports may be... 08.08.2022  12:13

• ThyssenKrupp may stop steel production due to gas shortage Many European steel mills rely on gas for their production and operations, but the lack of gas supplies from Russia has forced German steelmaker Thyssenkrupp to prepare to cut off or limit gas supplies. The company is still operating primarily on gas, so it may also stop production as they cannot... 05.08.2022  08:17

• Kazakhstan introduces a ban on coal exports for 6 months from August 1 Kazakh authorities have announced that coal exports by road will be banned for six months starting August 1. This is done in order to avoid a situation with a shortage of coal last year. In September last year, due to cold weather, domestic demand for coal was high, which led to a further... 05.08.2022  08:15

• Indonesia plans to introduce a new export duty on nickel in the third quarter of 2022 Indonesia is set to adopt a tax policy on nickel exports in the third quarter of this year as the authorities seek to boost revenues from exports of more expensive products made locally. According to Deputy Coordinating Minister for Maritime Affairs and Investments Septian Hario Seto, the export... 02.08.2022  13:24

• China's manufacturing PMI fell to 49 in July In July, the China Purchasing Managers Index (PMI) for the country's manufacturing retreated from a two-month rise of 1.2 percentage points from the previous month to 49, or fell again after breaking the 50 threshold in June. New issue of China National Bureau of Statistics (NBS). July's PMI was... 02.08.2022  13:23

• International steel market may fluctuate low in August In July, the global economic recovery continued to slow down. While demand for steel in the international market remains weak, overseas plants tend to reduce production. The low volume of steel production in Ukraine and Russia was caused by many factors, such as unresolved problems in logistics,... 02.08.2022  13:19

• China: steel industry enters a new phase of evolution With mounting downward pressure, China's steel industry must accelerate its pursuit of innovative, high-quality development to control output, reduce inventories and increase the value-added of steel products, government officials and industry experts said on Friday. They also said the industry... 01.08.2022  13:05

• Chinese steel mills cut production Market prices for steel continue to fall, and recently 23 Chinese steel mills were closed for maintenance. Market participants said that cutting production is the only way to address the current situation in the steel industry, as well as reduce selling pressure and inventories, and this... 29.07.2022  09:44