Metallurgy news
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China's iron ore price index fell on November 22China Iron Ore Price Index (CIOPI) stood at 351.23 on November 22, down 1.75% or 6.25 points from the previous CIOPI on November 21, according to the China Iron and Steel Industry Association (CISA). . the ore price index was 358.66 points, up 0.21% or 0.76 points from the previous day; the price…
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Alcoa supports RUSAL's proposal to disclose information about the origin of metal reserves at the LMEAlcoa Corp., a leading U.S. aluminum producer, said it backs a proposal by Russian aluminum giant RUSAL last week that the London Metal Exchange (LME) provide market participants with monthly reports on the provenance of all of the world's registered stocks of aluminum and other metals on…
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Worldsteel: global crude steel production remains stableAccording to statistics from the World Steel Association (worldsteel), global production of crude steel in October this year amounted to 147.3 million tons, unchanged from last year. Among them, Asian crude steel production reached 107.3 million tons, an increase of 5.8% year on year, of which…
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US rules on AD measures on OCTG from 4 countriesThe US Department of Commerce (USDOC) and US International Trade Administration (USITC) have introduced anti-dumping duties (AD) on oil country tubular goods (OCTG) from Argentina, Mexico, South Korea and Russia. In addition, due to a mistake by the minister, USDOC revised duties on Russia. The…
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Crude steel production in Germany fell in October y/yAccording to statistics from the German Steel Federation (WV Stahl), steel production in Germany in October this year amounted to about 3.1 million tons, a decrease of 14.4% compared to the same month last year. During this period, the production of hot-rolled steel in Germany decreased by 13%…
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China's daily steel production continues to fall in mid-NovemberChina's daily crude steel production continued to decline in mid-November, with volume down another 52,200 tons per day, or 1.9%, from the previous ten days to an average of 2.76 million tons per day, according to a Mysteel survey. among 247 blast furnaces. (DP) and 85 electric steel plants (EDF)…
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Steel production in Argentina hits a 10-year high in OctoberArgentina produced about 493,000 tons of steel products in October, up 10.1% from the same month last year, according to the Argentine Institute of Iron and Steel Industry (Camara Argentina del Acero, CAA). This was the highest transaction volume since April 2012. During this period, the total…
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India lifts export duties on steel products and iron oreThe Indian government's move to remove export duties on steel could allow plants to increase capacity utilization, although exports and prices will be driven by demand. Tariffs pushed India's finished steel exports down in October to a more than three-year low of 360,000 tonnes, also down 66% from…
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ArcelorMittal Brazil chief says capital spending is slowing down due to lower steel demandArcelorMittal SA's Luxembourg-headquartered Brazil head MT.LU said on Thursday that he expects capital expenditures to fall as demand for steel falls. “The world will be consuming less steel, so we can delay some investment a bit,” Jefferson de Paula said. "For example, if we're going to buy some…
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RUSAL sales bounce back after LME decides not to ban Russian metalsRUSAL, Russia's leading global aluminum supplier, said its 2023 sales rebounded after the London Metal Exchange (LME) decided not to impose a ban on the trading and storage of Russian metals in its system. It was understood that RUSAL had already sold more than 76% of its primary aluminum and…
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