Metallurgy news
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Russian billet suppliers remain out of exportRussian suppliers of steel billets remain largely outside the export market, reports Kallanish Two Russian plants reported receiving offers at $480 per tonne FOB Black Sea, but were hesitant to sell. This was compared to the desired level of $500-510/t FOB when Russia announced an exchange…
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SSAB sells ultra-low emission steelSteel group SSAB said its ultra-low emission steel grade SSAB Zero is being used by industrial equipment manufacturer Alfa Laval. Alfa Laval uses this grade of steel in heat exchangers, with plans to produce 100 units this year and “significantly more” in the future, SSAB said. Alfa Laval is…
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China's daily steel production fell in SeptemberChina's average daily steel production fell slightly in the middle of September, with tonnage down 7,200 tonnes/day, or 0.2%, from early September to an average of 3.03 million tonnes/day, according to Mysteel's estimate based on survey of 247 blast furnace (BA) and 87 electric arc (EA) steel mills…
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The Russian government is considering export duties on most goodsThe Russian Ministry of Finance and the Ministry of Economy are considering the possibility of introducing export duties on almost all types of goods from October 1 until the end of 2024. A source at the steel mill confirmed to Kallanish Commodities that these discussions are taking place. The ad…
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Indian, Canadian officials discuss critical mining cooperationAn Indian minister has held talks with Canadian officials to expand key mining cooperation, the Indian government said, amid strained diplomatic relations between the two countries. India's Coal and Mines Minister Pralhad Joshi "has decided to strengthen the supply chain for critical minerals" in…
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UK government agrees support package for Tata SteelTata Steel has received a £500 million support package to secure the future of the Port Talbot steelworks. Unions say the deal will be "devastating" as around 3,000 workers are expected to lose their jobs. India's Tata group, which owns a huge steel plant in South Wales - the UK's largest - is also…
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Baosteel: China to limit steel production this yearAccording to the report, China's state-owned steelmaker Baosteel said the Chinese government will continue to curtail steel production this year to meet the country's goal of zero-carbon growth in the sector within two years. Wu Xiaodi, general manager of Baosteel, noted that the policy of…
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UK Steel welcomes extension of anti-dumping and countervailing measuresAnti-dumping and countervailing measures against Chinese HRC imports remain in effect until April 2027. Anti-dumping measures against imports from Brazil, Iran and Russia remain until October 2027. The Association supports the lifting of restrictions on Ukrainian imports The UK steel industry…
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Billet prices in Tangshan have risen slightlyTangshan billet prices in northern China's Hebei province are estimated by Mysteel to have rebounded slightly from losses in the previous three weeks, market watchers said. As of Aug. 27, the billet price in Q235 at Tangshan rose to 3,510 yuan per tonne ($481.2 per tonne) EXW, including 13% VAT…
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Credit insurance company Atradius expresses concern over German steelAtradius, the world's second largest credit insurer, has noted the weakening of the German steel industry this year and sees ongoing challenges with the overall industrial transformation. German branch Atradius notes that the results and forecasts of factories and consumers have become more vague…
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