Metallurgy news
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Flat steel imports to Turkey up in Q1According to the Turkish Statistical Institute (TUIK), in the first three months of this year, Turkey imported a total of about 2.11 million tons of flat steel products, up 5.5% over the same period last year. Among them, imports in March alone amounted to almost 607,000 tons, down 27%…
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UK imposes sanctions against Russian steelmaker EvrazThe UK government has imposed sanctions on the Russian company Evraz. This is stated in the message of the Ministry of Foreign Affairs of the United Kingdom. According to the British Foreign Office, the company operates in the steel and mining industries and is of strategic importance for the…
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Another zinc production plant may appear in RussiaIn February 2020, Polymet Engineering launched a project to build a zinc plant in Verkhny Ufaley, Chelyabinsk Region. The launch of a zinc plant with a capacity of 120 thousand tons of metallic zinc is scheduled for October 2023. It remains to be hoped that the situation in the world will not…
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Stainless steel prices rise amid nickel price trendThe current low levels of stainless steel inventories both within China and abroad have provided strong support for stainless steel prices, while flat supply and demand have not contributed to the rise in nickel prices. Stainless steel prices in Shanghai yesterday (May 9) rose against the trend in…
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Export steel prices in China stabilized after the holidaysChinese steel export prices were largely stable both during and after the Labor Day holiday from April 30 to May 4, market sources said, noting that export sales were fairly calm. As of May 5, the export price of 4.75mm (HRC) SS400 hot rolled coil of Chinese origin was $815 per tonne FOB from the…
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Sellers reduce export prices for billets to ASEAN countriesSuppliers are eager to make deals, while buyers in Southeast Asia prefer to delay purchases. Offer prices have gone down over the past week. In Manila, the offer of a Japanese electric arc furnace is $745/tonne francs, compared to $760-770/tonne francs in the last week of April. A leading…
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US suspends tariffs on steel imports from UkraineOn May 9, the US suspended for one year its 25 percent Section 232 tariffs on steel imports from Ukraine, noting the industry's importance to Ukraine's economy as the country continues to defend itself against Russia. "We need to enlist their support and support one of the most important industries…
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UK freezes assets and imposes sanctions against EvrazAccording to Gov.uk, on May 5 the UK government announced sanctions against Evraz plc. As noted on the website, the metallurgical and mining company operates in industries of strategic importance to the Russian government. Evraz plc produces 28% of all Russian railway wheels and 97% of rail tracks…
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Stainless steel prices hit multi-year high in AsiaAccording to a report by MEPS International Ltd., MEPS Asia average 304 hot and cold rolled coil prices in April are at their highest level since August 2008. In recent months, the growth rate has accelerated, mainly due to the rise in the cost of nickel. However, the rise in Asian stainless prices…
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Ukraine officially closes some seaportsThe Ministry of Infrastructure of Ukraine issued an order to temporarily close four major seaports, including the ports of Berdyansk, Mariupol, Kherson and Skadovsk, which were officially closed until Ukrainian authorities regained control in order to ensure proper navigation. security. In fact…
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