Metallurgy news
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Mongolian coal exports hit 8-month high in NovemberAccording to the latest data from the country's customs, in November, the export of all types of coal from Mongolia reached an eight-month high of 1.7 million tons, which is 16.5% more than in the second month in a month, although it is still 45.4% less than last year. The year-on-year decline was…
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Fitch Affirms China Steel Corporation's High RatingFitch Ratings affirmed China Steel Corporation's (CSC) National Long-term Rating at 'AA (twn)' with a Stable Outlook and National Short-term Rating at 'F1 + (twn)'. At the same time, Fitch has affirmed CSC's senior unsecured rating at 'AA (twn)'. The CSC rating is three notches lower than Taiwan's…
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US Coil Imports IncreaseAccording to final data from the US Department of Commerce (USDOC), the US imported about 126,900 tons of steel coils in October, up 4.1% from the previous month and 281.6% from the same month a year ago. ... Among them, imports from Canada accounted for the largest share, amounting to…
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UK Metals Says Electricity Prices Are A Barrier To DecarbonizationElectricity prices are stopping UK steel production from decarbonising. A new report from trade association UK Steel says current electricity prices are a hindrance to decarbonisation strategies. The analysis shows that steel producers in the UK have to pay almost 61% more for electricity than…
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Indian JSPL steel production up 10% in NovemberSteel production by India's private company Jindal Steel and Power (JSPL) in November rose 10% year-over-year, while sales fell due to the continued lack of rail rakes. Steel production in November was 674,000 tons, while sales fell 5% to 539,000 tons. Exports accounted for about 15% of total…
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In January-October, the export of stainless steel from Russia fellAccording to statistics from the Russian Association of Consumers and Suppliers of Specialty Steel and Alloys (USSA), stainless steel exports from Russia in the first ten months of this year amounted to about 10,200 tons, which is 7% less than in the same period last year. In October alone, prices…
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UK steel industry needs urgent government supportThorworld Industries is once again calling on the British government to support what it describes as the “underfunded and abandoned” UK steel industry. Back in July 2021, Thorworld reported that the price of untreated UK steel had risen 70% since January. Now, reporting five months later, Thorworld…
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Steel created to kill 99.9% of Covid-19 virusA unique alloy of stainless steel with the addition of copper is able to deactivate all known strains of the coronavirus. Scientists in Hong Kong said they have developed the world's first stainless steel that kills the Covid-19 virus in a matter of hours. The new alloy can inactivate 99.75% of the…
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Steel stocks at Chinese mills fell 9%Inventories in the five major steel mills of 184 Chinese steel mills, which Mysteel regularly monitors, have declined faster this week, according to the latest survey, with inventories declining 8.7% from November 25 to December 1 to 5.1 million tonnes. Market sources said the faster depletion of…
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Spanish steel production rises in OctoberAccording to the statistics of the Spanish Association of Steel Producers (UNESID), in October the production of crude steel in Spain amounted to about 1.28 million tons, which is 2.6% more than in the previous month, and also increased by 8.8% compared to the same month last year. In the first ten…
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