Metallurgy news

• Nippon Steel Improves Earnings Forecasts Again Due To Strong Demand Japan's largest steelmaker, Nippon Steel Corp 5401.T, boosted its annual net profit forecast by 41% on Tuesday as strong global demand boosted steel product prices and higher prices for iron ore and coking coal boosted prices. its reserves. This move follows an upward revision in August. Net... 05.11.2021  12:22

• ArcelorMittal prepares for layoffs at Bosnian factories ArcelorMittal and other steel and metal producers in Bosnia have warned they will be forced to lay off workers and halt production in some factories due to rising electricity prices. According to Nikhil Meht, CEO of ArcelorMittal Zenica, input costs have risen significantly in recent years,... 04.11.2021  10:22

• UK and US seek solutions on steel and aluminum tariffs UK Foreign Trade Secretary Anne-Marie Trevelyan met several times with US Trade Representative Catherine Tai to find a solution on steel and aluminum tariffs between the two sides. In May of this year, the UK began to investigate whether continuing to apply US steel tariff retaliation is in the... 04.11.2021  10:19

• Ukraine plans to increase export duty on steel scrap Due to the rapid rise in steel scrap prices in Turkey, scrap exports from Ukraine are also rapidly increasing. According to the Ukrainian Association of Secondary Metals (UAVtormet), the Ministry of Economy of Ukraine has made a proposal to increase the export duty on steel scrap to 200 euros... 04.11.2021  10:15

• CSC prepares an additional payment for steel exports according to EU rules China Steel Corp plans to introduce a moderate premium on steel exports in August next year ahead of new EU carbon regulations, the company said yesterday. The draft version of the EU's Carbon Borders Regulation Mechanism is due to be released in 2023 and implemented in 2026, affecting 248... 04.11.2021  10:10

• Rising coking coal prices will reduce profitability of steel mills in the second half of the 22nd fiscal year Primary steel profit margins will decline by a third to 24-26% in the second half of this fiscal year compared to the first half, as raw material costs rise sharply due to more than doubling coking coal prices since July. However, for the full fiscal year, the operating margin will average... 03.11.2021  09:51

• Preliminary results of the work of the MMC of Ukraine for 10 months of 2021 According to preliminary data, for 10 months of 2021, metallurgical enterprises of Ukraine produced: pig iron 17.71 million tons (104.9% compared to January-October 2020); steel 17.90 million tons (105.4%); rolled products 15.97 million tons (105.3%).... 03.11.2021  09:40

• Steel sheet prices rise again due to strong demand Sources said that Russian steel mills received a surplus of orders for November deliveries of flat products, while strong buying interest from listed companies drove up prices for hot rolled products in the country's Central Federal District near Moscow a week before Monday, November 1. Market... 03.11.2021  09:33

• China's daily steel output fell 2% at the end of October The fall in daily steel production at 247 Chinese blast furnaces and 71 electric arc plants, according to the Mysteel study, resumed in the last eleven days of October, following the growth seen in early and mid-October. New data shows production fell by an average of 52,400 tonnes per day, or 2%... 02.11.2021  10:02

• Ukraine increases supply of long products in the CIS against the background of quotas in Europe Prices in the export market for long products from the Commonwealth of Independent States continued to rise during the week until Monday, November 1, mainly due to higher offers from Ukraine, as the country still has most of the quotas allocated for the fourth quarter in Europe. Meanwhile,... 02.11.2021  09:49