Metallurgy news
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Vietnamese company Hoa Phat Group plans to open a factory for the production of household appliancesAccording to the report, Vietnamese steelmaker Hoa Phat Steel began operating its Hoa Phat home appliance plant in Hanam province at the end of September with an annual production capacity of 1 million tons. The company established a home appliance manufacturer in the fourth quarter of last year…
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EU imposes sanctions against Russian steel semi-finished productsAccording to the report, the European Commission (EC) has increased the sanctions of the European Union (EU) against Russian semi-finished products. However, there is a transitional period for the import of semi-finished steel billets until October 1, 2024 with temporary exemptions, small billets…
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China's steel market expects growth after National Day holidayRecently, domestic prices for main types of steel in China have fluctuated upwards. From a supply perspective, the cost was high and steel prices were rising. Steel mills' profits also increased. Many steelmakers have resumed production. The supply will grow in the short term. As many projects in…
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Indian Tata Steel starts work at NINL plant in OdishaIndian private producer Tata Steel has restarted a blast furnace at its 1mtpa Neelachal Ispat Nigam (NINL) facility in Kalinganagar, Odisha, the company said Oct. 3. On July 4, the steelmaker completed the acquisition of NINL through its subsidiary, Tata Steel Long Products, and plans to expand it…
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New EU sanctions on steel from Russia could lead to job lossesUkrainian officials have indicated that the sanctions against Russia should target the steel industry, because the industry brings Russia billions of dollars in revenue. However, some European countries with a steel industry may not support this idea. People in Europe could lose their jobs if…
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Capacity growth in Asia and the Middle East impedes the reorientation of Russian exportsRising steel capacity in Asia and the Middle East will make it harder for Russian steelmakers to reorient their exports from Europe to the east, according to the latest version of Russia's steel strategy to 2030. These opportunities reduce the ability of Russian exporters to divert export flows…
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Zekelman to close California steel pipe plantZekelman Industries will close a steel pipe plant in Long Beach, California, the company said Oct. 5, citing rising U.S. pipe imports from Mexico as a contributing factor to the closure. “According to the US Census Bureau, the expected volume of steel pipe imports from Mexico will increase from…
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US Sets Final Tariffs for OCTG Pipe from RussiaUnder the Final Approval Countervailing Duty Determination (CIT), the US Department of Commerce (USDOC) determined that countervailing subsidies were provided to Russian oil field pipe (OCTG) manufacturers and exporters during the January 1 investigation period. , 2020 to December 31, 2020 The…
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UK recommends extending AD measures to rebar from ChinaThe UK Remedy Authority (TRA) has proposed extending anti-dumping (AD) measures to high fatigue performance concrete steel rebar (HFP rebar) from China. TRA indicated in its original findings of the Statement of Material Facts that maintaining the measure could lead to supply issues for HFP rebar…
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European Commission proposes eighth round of sanctions against RussiaEuropean Commission President Ursula von der Leyen said an eighth package of sanctions against Russia has been proposed in connection with its escalating invasion of Ukraine. The proposed sanctions included tighter trade restrictions, new individual blacklists, and an oil price cap on third…
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