Metallurgy news
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Türkiye becomes the largest buyer of Chinese hot-rolled steelTurkey overtook Vietnam to become the largest buyer of Chinese hot-rolled coil in May, despite the start of an increase in import duties in the country. “Demand from Turkey was strong a couple of months ago, especially after the devastating earthquake in February. The higher import duties imposed…
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Hungary extends bid deadline for sale of Dunaferr steel plantThe Hungarian government has extended the tender deadline for local flat steel producer Dunaferr, sources told Fastmarkets on Thursday, June 29. The previous application deadline was June 30, 2023, but it has been extended to July 14. to the document seen by Fastmarkets. “The liquidator may extend…
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UK extends anti-dumping duty on Chinese plateThe UK Government has agreed to the recommendation of the Office of Remedies (TRA) to extend anti-dumping duties on plate of Chinese origin for another five years from 1 March 2022. The TRA issued its final decision on Wednesday after recommending in February that anti-dumping duties be maintained…
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247TailorSteel opens new plant in the NetherlandsThe 247TailorSteel service center group has further expanded in the Netherlands with the opening of a second manufacturing facility last week. The 40,000 m² plant in Oud-Gastel, near Roosendal, is the company's largest plant. It was equipped with five laser cutting machines, four bending machines…
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Worldsteel: global production of crude steel fell in MayAccording to statistics from the World Steel Association (worldsteel), global crude steel production in May was 161.6 million tonnes, down 0.2% from the previous month and down 5% from last year. Among them, Asia's crude steel production reached nearly 120 million tons, down 6% from last year, of…
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India ranks first in the supply of rolled metal products to the EUAccording to statistics, imports of hot-rolled coil (HRC) to the EU in April amounted to about 837,000 tons, up 47% on the previous month, but down 5.4% on the same period last year. The increase on a monthly basis was mainly due to higher demand for restocking from December last year to February…
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ArcelorMittal and John Cockerill to build the world's first iron electrolysis plantArcelorMittal, the world's leading steelmaker based in Luxembourg, has announced a partnership with John Cockerill, a Belgian engineering company, to build the world's first industrial low-temperature iron electrolyser. Volteron™ plant scheduled to start up in 2027 In the first phase, the Volteron™…
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UK removes duties on stainless steel in IndiaAccording to a legal notice dated June 15, 2023, the UK government has accepted the recommendation of the Legal Remedies Authority (TRA) to lift countervailing measures against imports of stainless steel bars and bars from India, stating that subsidized imports will continue. if the countervailing…
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thyssenkrupp to supply sustainable steel for Knauf InterferDuisburg-based Knauf Interfer said it had signed a Memorandum of Understanding (MoU) with steelmaker thyssenkrupp regarding the procurement of green steel. Under the agreement, from this year thyssenkrupp will supply CO2-reduced steel using specially treated scrap under thyssenkrupp's bluemint®…
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Construction steel prices in China to rise in JuneAccording to Mysteel's latest monthly report, Chinese construction steel prices, including rebar and wire rod, could bottom out before recovering in June. The recovery in prices will be driven by stronger production costs and hopes that the central government will introduce new stimulus policies to…
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