Metallurgy news
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UK TRA reintroduces duties on galvanized pipes in Belarus and ChinaThe UK Trade Remedies Authority (TRA) plans to re-introduce galvanized pipes under HS code 7306 30 72 into anti-dumping measures following a review initiated by Tata Steel UK's application. In August 2021, following the completion of the transition review, the TRA recommended that anti-dumping…
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Austrian company HAI invests 100 million euros in new facilities in EuropeAs part of a plan for continuous development in recent years, Hammerer Aluminum Industries (HAI), an aluminum products supplier in Austria, has announced a €100 million investment to build two new extrusion lines and a new logistics centre. A second 60 mega newton extrusion line was installed at…
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A growing number of Turkish factories are considering shutting down productionA growing number of Turkish factories are considering shutting down production in the near future due to high electricity costs, Veysel Yayan, secretary general of the Turkish Steel Manufacturers Association (TCUD), told the Turkish newspaper Cumhuriyet. Yayan says a 600 percent rise in energy…
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Japanese Nissan leaves the Russian market, having sold the Russian businessJapanese automaker Nissan has announced that it has sold its Russian operations to a Russian automotive research institute, pulling out of the Russian market. The sale includes Nissan's production and research centers in St. Petersburg, as well as a sales and marketing center in Moscow. The deal…
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Sluggish demand for steel in Asia will slow the pace of recovery in iron ore pricesAs the downturn in the Chinese property market and the resumption of the pandemic wipe out hopes for a recovery in demand, iron ore prices in Asia will continue to decline in the fourth quarter as cuts in steel production intensify into the winter season. China's real estate sector was turbulent…
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AMKR and Ferrexpo production suffers due to hostilitiesUkrainian steelmaker ArcelorMittal Kryvyi Rih (AMKR) has limited electricity consumption of its most energy-intensive equipment and temporarily cut production following new Russian missile strikes against Ukraine, Kallanish reports. “This is important for reducing electricity consumption in Kryvyi…
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Chinese Baosteel left prices unchanged for NovemberBaosteel, a large steel mill in China, announced that prices for most of its products remained unchanged in November, while the price of electro-galvanized coils increased by 100-200 yuan per ton. According to market analysis, the fourth quarter is the traditional peak season for home appliance…
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India's Tata Steel boosts coal purchases from Australia and North AmericaChinese steel prices are likely to recover in October as market fundamentals improve and macroeconomic support policies come into effect, Wang Jianhua, chief analyst at Mysteel, predicted in his monthly forecast. But pessimism still haunts the market, he acknowledged. As of September 26, the…
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Steel prices expected to rise in China in OctoberChinese steel prices are likely to recover in October as market fundamentals improve and macroeconomic support policies come into effect, Wang Jianhua, chief analyst at Mysteel, predicted in his monthly forecast. But pessimism still haunts the market, he acknowledged. As of September 26, the…
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Explosive energy prices threaten Europe's climate neutralitySoaring electricity and gas prices in Europe pose serious challenges for steel processing and jeopardize the ambitious goals of climate neutrality and the circular economy in Germany and at the EU level, reports Callanisch of the German Federation of Steel Recyclers BDSV. “Like many other…
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