Metallurgy news
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German valve factories set their sights on sales in PolandWhile fixtures sales in Germany continue to decline, as does the country's construction industry, Poland is doing relatively better and has become a more attractive market for some German sellers. Valves factories in East Germany, in particular mainly Italian ones, see better business in Poland…
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Canada to impose tariffs on electric vehicles and steel from ChinaCanada will impose new tariffs on electric vehicles and Chinese-made aluminum and steel, siding with Western allies and taking measures to protect domestic producers. The government plans to announce a 100% tax on electric vehicles and 25% on steel and aluminum, according to people familiar with…
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Outokumpu improves stainless steel production in EuropeEuropean steelmaker Outokumpu's second-quarter results were relatively satisfactory, with profitability improving compared to the first quarter. However, the company remains concerned about problems in the European business space. The chief executive officer (CEO) said that to turn a profit in a…
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German steelmaker Salzgitter expects strip supplies to decline until the end of 2024German producer Salzgitter expects strip steel supplies to remain at slightly lower levels through the end of 2024, long steel supplies to remain roughly the same and crude steel production to proceed at a slightly slower pace, according to the company's interim report dated Aug. 12. In the first…
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Italian wafer manufacturers seek to increase pricesItalian plate producers are raising prices by €30/t ($32) compared to last month for grades S275 and S355. Sources told Kallanish that the market is calm due to the August hiatus in the sector. Local millers are asking €700/t for S275 and around €730-740/t for S355. Last month they made significant…
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The free trade agreement between Turkey and Ukraine entered into forceThe free trade agreement signed between Turkey and Ukraine on February 3 came into force by presidential decree published in the official Turkish gazette on August 2. According to the Turkish Ministry of Trade's official fact sheet on the agreement, some customs duties imposed by Ukraine on Turkish…
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UK hot rolled coil prices fall as mills sell at a lossDomestic UK hot rolled coil prices fell slightly in the week ending July 18 as some producers were forced to sell at a loss to stimulate demand. “The hot-rolled market has been completely destroyed,” said a source at the service center. “There is too much of it. Demand will remain the same as it is…
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German Chancellor plans lithium deal with Serbia following Rio Tinto decisionGerman Chancellor Olaf Scholz plans to visit Serbia this week to secure supplies of lithium, which is critical to the country's energy transition and its auto industry. Scholz is likely to arrive in Belgrade on Friday to sign the agreement with Serbian President Aleksandar Vucic and cabinet…
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Spain gives priority to Hydnum Steel projectSpain's Hydnum Steel (HS) has been declared a priority project by the regional government of Castile-La Mancha, the company's Callanish said. This guarantees investment preferential administrative treatment and expedited project implementation. HS plans to build the first green steel mill on the…
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Tata Steel workers in the UK go on strike for the first time in 40 yearsTata Steel workers in the UK are going on strike for the first time in more than 40 years after the Indian steelmaker rolled out cost-saving measures including massive job cuts. About 1,500 workers in Port Talbot and Llanwern, Wales, will go on an indefinite general strike over the company's plans…
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