Metallurgy news
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Russia increased export of billets increased in 2021Russia, the world's largest exporter of billets, in January-September 2021 recorded an increase in foreign sales of this material by 23.33% compared to the same period last year. According to SteelMint, the volume of exports for the reporting period amounted to 12.44 million tons (million tons)…
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Steel production in China in early November decreased by 20%According to the China Iron & Steel Association, daily crude steel production in China in early November was 20% lower year-over-year, slightly above the October average. Industry sources expected China's steel production to remain low through November-December, but said it could rebound in early…
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EU invests € 1 billion in decarbonization projectsThe EU supports seven large-scale industrial decarbonization projects through its innovation fund, committing more than € 1.1 billion ($ 1.3 billion) to support advanced technologies in energy-intensive industries, hydrogen, carbon capture, storage and storage and renewable energy, European…
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Production of rolled metal in Ukraine for 10 months 2021In January-October 2021, Ukrainian metallurgical enterprises produced 15.99 million tons of rolled metal (105.4% compared to the same period in 2020), of which about 12.63 million tons, or 79.0%, were exported. In the same period of 2020, the share of exports amounted to about 82.9% (12.58 million…
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Japan and US agree to negotiate additional tariffs on steel and aluminumJapan and the United States agreed to begin discussions on additional US tariffs on steel and aluminum imports from Japan during a bilateral meeting in Tokyo, Japan's Industry Ministry said Monday. The meeting was held between Japanese Industry Minister Koichi Hagiuda and US Commerce Secretary Gina…
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The fall in prices for rebar in China has been stoppedThe downward trend in domestic rebar prices in China was halted by increased trading activity on Tuesday, November 16, sources told Fastmarkets. East China (Shanghai): 4,700–4,730 yuan (US $ 737–742) per tonne unchanged. According to sources, Buyers raised their purchasing rates on Tuesday morning…
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The European Union will restrict the export of steel scrapThe EU is set to announce its final decision on the Waste Transport Regulation on 17 November. Some market players are of their own about what impact this will have on scrap exports, although it has been estimated that the EU will ban all scrap steel exports since then. Cinzia Vezzosi, President of…
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Severstal will include partners in low carbon future projectsSeverstal, one of the largest vertically integrated metals and mining companies in the world, has developed a climate memorandum called “Together for a low carbon future” in support of global efforts to prevent further climate change, the company said in a press release on Friday, November 12…
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Vietnamese Formosa cuts prices for hot rolled steelThe Vietnamese HRC market was sluggish last week. Vietnamese company Formosa Ha Tinh has cut prices for hot rolled coil for January /February shipments. The price cut by the leading manufacturer is quite realistic due to the downturn in the market. On November 12, the mill announced that HRC prices…
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China Port Iron Ore Reserves Peak Since August 2018By November 11, total stocks of imported iron ore in China's 45 major ports rose to a high since August 17, 2018, at about 150 million tons after a seventh week increase of 3 million tons, or 2.1%, mainly due to a decline. in terms of daily unloading, it outstripped the lower receipts of new…
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