Metallurgy news
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Nippon Steel raises steel prices for ToyotaToyota Motor will increase the price of automotive steel it sells to parts makers by about 40,000 yen ($289) a ton in the second half of the fiscal year in October-March after the latest round of talks with Nippon Steel, a Japanese media outlet. says in the report. Nikkei notes that Toyota is…
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Stainless steel production in Russia remained stable in JulyAccording to statistics from the Federal State Statistics Service (Rosstat), Russia's stainless steel production in July this year stood at about 18,700 tons, largely flat from the previous month but down 3.4% from a year earlier. In total, about 147,000 tons of stainless steel were produced in…
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ArcelorMittal to shut down blast furnace in Asturias, SpainEuropean market leader ArcelorMittal is suspending Blast Furnace A at its plant in Asturias, Spain due to weak demand. The plant will shut down at the end of September in response to economic uncertainty and declining confidence among steel consumers, the company said. He also stated that imports…
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Nippon Steel plans to almost double India's capacityToyota Motor will increase the price of automotive steel it sells to parts makers by about 40,000 yen ($289) a ton in the second half of the fiscal year in October-March after the latest round of talks with Nippon Steel, a Japanese media outlet. says in the report. Nikkei notes that Toyota is…
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Swedish company receives funds for the production of decarburized steelSwedish H2 Green Steel has announced that it has received 199 million euros to develop the production of decarburized steel using renewable hydrogen. H2 Green Steel is building its first green hydrogen steel plants in Boden, northern Sweden. By 2023, its annual production should reach 5 million…
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Vietnam cancels AD duties on Chinese H-rolled steelOn August 31, 2022, the Ministry of Industry and Trade (MoIT) of Vietnam decided to end the anti-dumping (AD) inspection of Chinese H-shaped steel, deciding to extend AD duties of 22.09%-33.51% for another five years. This measure came into effect on September 6, 2022. The TN VED codes used include…
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Imports of finished steel to the EU increased in the first half of the yearAccording to the European Association of Steel Producers (EUROFER), in the first half of this year, EU finished steel imports amounted to about 16.7 million tons, up 14% year on year. The increase was because the volume of purchases increased in the first quarter and remained stable in the second…
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The Black Sea harvesting market expects growthThe Black Sea billets export market is expecting new deals after several weeks of relative stagnation. Against the background of a growing decline in the production of long products in Europe, expectations are growing for an increase in imports of material of Turkish origin and the possibility of a…
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Steel prices in China fell in SeptemberAfter stabilizing amid tentative optimism in August, Chinese steel prices are likely to weaken again in September, Wang Jianhua, chief analyst at Mysteel, predicted in his monthly forecast, noting that increased supply will be the main pressure. As spot and futures steel prices rebounded in August…
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Emirates Steel explores new export markets in Asia and AfricaSaeed Ghumran Al Remeiti, CEO of Emirates Steel Arkan, said the group is considering expanding into new export markets in Asia and Africa to increase production and efficiency, and improve the group's international competitiveness. Al Remeiti said the export market accounts for 45% of the group's…
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