Metallurgy news
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Logistics problems ArcelorMittal Krivoy RogAccording to the company's general director Mauro Longobardo, ArcelorMittal Krivoy Rog (AMKR) can only export finished products to nearby European countries due to high transportation costs. “In the middle of this year, the enterprise managed to reach half the pre-war level of metallurgical…
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Nippon Steel to sell $111 million worth of assets to manage debt in deal with US SteelNippon Steel plans to sell assets worth at least 30 billion yen ($211 million) this fiscal year to manage its debt, the Nikkei reported on Friday, citing a statement from its vice chairman, as the company awaits a decision on the fate of its purchase of US Steel for $14.9 billion. Earlier this…
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Interpipe is testing rail deliveries via PolandThe Ukrainian company Interpipe is testing a new logistics route for delivering products to EU countries using rail and road transport, in particular through a terminal in Poland. “Interpipe is currently carrying out test deliveries of pipes by rail to a broad-gauge terminal in the Polish city of…
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Nickel flow to Europe demonstrates Indonesia's control over global supplyEuropean stainless steel producers are turning to Indonesia for nickel as booming production in the country forces plants in other countries to close. Exports to Europe of Indonesian nickel pig iron - an ingredient for stainless steel used mainly by Chinese manufacturers - to Europe rose to 87,485…
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German valve factories set their sights on sales in PolandWhile fixtures sales in Germany continue to decline, as does the country's construction industry, Poland is doing relatively better and has become a more attractive market for some German sellers. Valves factories in East Germany, in particular mainly Italian ones, see better business in Poland…
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Canada to impose tariffs on electric vehicles and steel from ChinaCanada will impose new tariffs on electric vehicles and Chinese-made aluminum and steel, siding with Western allies and taking measures to protect domestic producers. The government plans to announce a 100% tax on electric vehicles and 25% on steel and aluminum, according to people familiar with…
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Outokumpu improves stainless steel production in EuropeEuropean steelmaker Outokumpu's second-quarter results were relatively satisfactory, with profitability improving compared to the first quarter. However, the company remains concerned about problems in the European business space. The chief executive officer (CEO) said that to turn a profit in a…
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German steelmaker Salzgitter expects strip supplies to decline until the end of 2024German producer Salzgitter expects strip steel supplies to remain at slightly lower levels through the end of 2024, long steel supplies to remain roughly the same and crude steel production to proceed at a slightly slower pace, according to the company's interim report dated Aug. 12. In the first…
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Italian wafer manufacturers seek to increase pricesItalian plate producers are raising prices by €30/t ($32) compared to last month for grades S275 and S355. Sources told Kallanish that the market is calm due to the August hiatus in the sector. Local millers are asking €700/t for S275 and around €730-740/t for S355. Last month they made significant…
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The free trade agreement between Turkey and Ukraine entered into forceThe free trade agreement signed between Turkey and Ukraine on February 3 came into force by presidential decree published in the official Turkish gazette on August 2. According to the Turkish Ministry of Trade's official fact sheet on the agreement, some customs duties imposed by Ukraine on Turkish…
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