Metallurgy news
-
Ukraine lifted the ban on the export of coking coalThe Government of Ukraine has announced a change in the list of goods subject to export licensing, including coking coal, which is not used for electricity generation. In early September, Ukraine banned the export of coking coal to ensure good preparations for the heating season. The government…
-
Chinese steelmakers stem the decline in global steel productionThe latest data from Worldsteel shows that the decline in global crude steel production seen throughout 2022 reversed in September. Steelmakers produced a total of 151.7 million tons this month, up 3.7% from last September. This is the first annual increase recorded since August 2021. China The…
-
Nippon Steel raises profit forecast on higher marginsJapan's Nippon Steel Corp raised its full-year net profit forecast by 12% this week, citing higher margins from higher prices and lower costs following restructuring and capacity cuts. Net income for the fiscal year ending March 31 is now forecast at a record 670 billion yen ($4.6 billion), up from…
-
European Commission confirms anti-dumping duties for CRC for China and RussiaThe European Commission has confirmed the extension of EU anti-dumping duties on imports of cold-rolled steel (CRC) from China and Russia for another five years. This decision was the result of a review of the validity of the existing fees, launched in August last year after a formal request from…
-
Steel prices in China may recover in NovemberIn September, China's average daily production of liquid steel was about 2.9 million tons, up 7.1% from the previous month. In October, the deficit of China's steel mills continued to increase, so they controlled production. At the same time, the average daily crude steel production in China ranged…
-
Tata Steel to decide whether to continue UK business following government responseTata Steel's UK operations employ around 8,000 people, including the UK's largest steel plant at Port Talbot in South Wales. The company wants £1.5bn from the UK government to implement its decarbonisation plans. Tata Steel is also seeking support from the UK government in two forms. Firstly…
-
Steel exports from Turkey to the Baltic countries increased due to EU sanctions against RussiaThe Turkish Steel Exporters Association (CIB) indicated that due to EU sanctions against Russia, steel exports from Turkey to the Baltic countries have increased. In the first nine months of this year, Turkish steel exports to Estonia and Latvia increased 4.9 times and 30% year-on-year to around…
-
China may be the only country accepting Russian metalRecently, Russia may face the problem of banning many Western countries from buying Russian metal. However, China could play an important role in buying Russian metals on the London Metal Exchange (LME), especially copper, nickel and aluminium. China expected to buy Russian metal at lower prices…
-
Ukrainian Metinvest operates at 30-50% capacityDue to disruptions in the supply chain caused by the war, Ukrainian Metinvest is operating at 30-50% of pre-war capacity. Production capacity could return to pre-war levels within six months or a year if the war ends. Yuriy Ryzhenkov, CEO of Metinvest, said it was hard to work during the war…
-
Indonesia plans to introduce an export duty on nickel pig ironThe Indonesian government planned to adopt a nickel export tax policy in the third quarter of this year, but it has yet to be implemented. However, the news surfaced again last week. According to the agreement, the introduction of taxes on nickel pig iron (NPI) and ferronickel is a matter of time…
Pages
← previous
next →
