Metallurgy news

• ArcelorMittal calls on Europe to introduce carbon offset tax Metallurgical concerns are alarming that the costs of the European Union's climate policy could raise steel prices or even double them. This is why ArcelorMittal is pushing for a carbon offset charge at the EU borders. An alternative is to relocate steel production to countries where climate... 12.12.2018  13:45

• Wire rod buyers demand an increase in EU quota European wire rod buyers are asking the European Commission to revise its limit on product imports, as the available quota lags far behind actual demand. According to Eunirpa, the European Association for Non-Integrated Wire Rod Producers, wire rod imports in 2018 will be 2.6 million tonnes,... 12.12.2018  13:25

• Liberty House aims to build a major steel mill in Australia The GFG Alliance and Liberty House have launched a plan to build a new 10 million tonnes per year steel plant next to an existing South Australian steel plant in Whyalla state. People would most likely call the plan "... crazy," said group owner Sanjeev Gupta, but "the project will start with a... 12.12.2018  09:45

• Indian steel companies may lower prices for flat metal products Steel companies are likely to cut flat steel prices to Rs 1,500 per tonne, one of the sharpest changes this fiscal year. The potential drop is due to a global decline in prices, a decrease in exports from India and an increase in imports from countries such as Korea and Japan. Globally, steel... 11.12.2018  10:59

• This year, American mills have increased the supply of steel Steel shipments by American factories grew significantly during October 2018, according to recent statistics published by the American Iron and Steel Institute (AISI). This is compared to the corresponding period last year. Shipments also showed a marked increase over the previous month. In... 11.12.2018  10:42

• China's steel production to hit record high in 2018 China's annual steel production is expected to set an annual record of 923 million tonnes in 2018, before falling to 900 million tonnes next year. This was announced by the government on Monday. According to Li Xinchuang, the president of the world's largest steelmaker jumped from 831.73 million... 11.12.2018  10:33

• China deepens production restrictions to combat smog Steel mills and other industrial plants in China's main steel city, Tangshan, were ordered Saturday to make further production cuts in December as part of emergency measures to tackle smog. The order of the local government came in connection with the forecast that from December 9 to December 31... 10.12.2018  08:49

• Indian steel production up 4% in November India's steel production rose 3.8 percent in November to 8.92 million tonnes in November 2018, according to the Joint Steel Committee (JPC). In the same month last year, the country produced 8.60 million tonnes of crude steel, according to the latest JPC report. State-owned companies SAIL,... 10.12.2018  08:40

• Hot rolled steel prices in the CIS continue to decline Hot rolled steel prices in the CIS remain weak, although some producers are attempting to moderate gains on the back of a brief rise in prices in China over the past week. HRC rolls are sold at 430 € /t ($ 490 /t) in all markets including Europe, Turkey and Latin America. This price, equivalent t... 10.12.2018  08:30

• World Steel Association announces industry competition finalists The World Steel Association (worldsteel) has announced the finalists for the SteelChallenge-13 World Championship. The winners were selected from a regional championship held on November 28, 2018, in which about 1,900 participants from 48 countries took part. The annual competition is held to... 08.12.2018  10:32