Metallurgy news
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Three bids for Belgian Liberty Steel millsThe first stage of bidding for the sale of Liberty Steel's rolling mills in Liege (Belgium) has been completed. Liberty Steel's Belgian assets include two hot dip galvanizing coil lines at Flemal and a packaging steel line at Tiller. The enterprises are capable of producing up to 1 million tons of…
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Hoa Phat reduces domestic prices for hot-rolled rentalsVietnam's Hoa Phat Dung Quat has reduced the price of new domestic hot rolled coil shipments for May/June deliveries. This is coupled with weaker domestic and regional HRC markets. An unsurfaced SAE1006 or SS400 HRC was set at the equivalent of VND16,030 per kg (about $680 per tonne) in Ho Chi Minh…
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Steel exports from China increased in Jan-Feb y/yFrom January to February, Chinese exports of steel products increased by 49% year on year to about 12.19 million tons, according to the China Customs Administration. At the same time, the export of color-coated flat products amounted to about 869,000 tons, decreasing by 1.41% year on year. In…
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The European market is expected to experience interruptions in the supply of steel coils in AprilMajor supply chain disruptions across the European coil complex are expected in April and May due to the fires that hit ArcelorMittal in Spain and France and Tata Steel's force majeure in IJmuiden at the end of February. This, combined with a significant reduction in coil production at Acciaierie…
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Japan banned steel exports to RussiaJapan has expanded sanctions against Russia, including banning the export of drones, steel and aluminum This is reported by the Ministry of Economy, Trade and Industry of the country. The ban will take effect April 7th. Export restrictions also included steel and aluminum products, spacecraft and…
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German company Salzgitter reports higher profits in 2022Salzgitter AG, a German steelmaker, reported that its net profit was 1.08 billion euros in 2022, compared to 586.1 million euros in 2021. Sales revenue amounted to 12.6 billion euros, up 29% year-on-year. EBITDA increased by 28.6% year on year to 1.62 billion euros. However, the company's crude…
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Construction steel sales in China reboundSpot sales of construction steel in China, including rebar, again exceeded the 200,000-tonne threshold on March 28, or for the fourth time this month, according to Mysteel data. It also marked the first time that daily transaction volume exceeded the half-month threshold. On Tuesday, the country's…
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USA announces results of Interpipe's OCTG inspectionBased on the final results of the Anti-Dumping (AD) Duty Administrative Review, the U.S. Department of Commerce (USDOC) determined that oil field pipes (OCTG) from Ukraine were sold at prices below normal value during the inspection period from January 1, 2020 to June 30, 2021. The weighted average…
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Ukrmetallurgprom predicts a deepening shortage of scrap metal in the 2nd quarterMetallurgical enterprises of Ukraine began to gradually increase production due to the stabilization of electricity supplies, but they are experiencing difficulties in providing production facilities with the necessary volumes of scrap. The deficit is expected to worsen over the next few months. In…
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Steel production and consumption in the EU will decrease in 2023In 2022, global steel production decreased by 4.3% year on year to 1.83 billion tons. Among them, EU steel production fell by 10.5% year-on-year to around 137 million tonnes. The decline may be caused by the war between Russia and Ukraine, which has greatly affected energy prices. EU steel…
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