Metallurgy news
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New EU sanctions on steel from Russia could lead to job lossesUkrainian officials have indicated that the sanctions against Russia should target the steel industry, because the industry brings Russia billions of dollars in revenue. However, some European countries with a steel industry may not support this idea. People in Europe could lose their jobs if…
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Capacity growth in Asia and the Middle East impedes the reorientation of Russian exportsRising steel capacity in Asia and the Middle East will make it harder for Russian steelmakers to reorient their exports from Europe to the east, according to the latest version of Russia's steel strategy to 2030. These opportunities reduce the ability of Russian exporters to divert export flows…
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Zekelman to close California steel pipe plantZekelman Industries will close a steel pipe plant in Long Beach, California, the company said Oct. 5, citing rising U.S. pipe imports from Mexico as a contributing factor to the closure. “According to the US Census Bureau, the expected volume of steel pipe imports from Mexico will increase from…
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US Sets Final Tariffs for OCTG Pipe from RussiaUnder the Final Approval Countervailing Duty Determination (CIT), the US Department of Commerce (USDOC) determined that countervailing subsidies were provided to Russian oil field pipe (OCTG) manufacturers and exporters during the January 1 investigation period. , 2020 to December 31, 2020 The…
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UK recommends extending AD measures to rebar from ChinaThe UK Remedy Authority (TRA) has proposed extending anti-dumping (AD) measures to high fatigue performance concrete steel rebar (HFP rebar) from China. TRA indicated in its original findings of the Statement of Material Facts that maintaining the measure could lead to supply issues for HFP rebar…
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European Commission proposes eighth round of sanctions against RussiaEuropean Commission President Ursula von der Leyen said an eighth package of sanctions against Russia has been proposed in connection with its escalating invasion of Ukraine. The proposed sanctions included tighter trade restrictions, new individual blacklists, and an oil price cap on third…
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Saarstahl Ascoval cuts steel production by 50% due to high energy costsGerman long steel producer Saarstahl has decided to cut steelmaking capacity at its French steel mill Saarstahl Ascoval by 50% from October to December due to high energy costs. The furnace at Askovale will be closed every Monday in October and restarted every morning from Wednesday to Sunday in…
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US Steel stops Mon Valley blast furnaceIntegrated steelmaker US Steel is indefinitely shutting down a blast furnace at its Mon Valley Works plant in Pennsylvania. The company is not shutting down its 1.4mtpa Blast Furnace No. 3 after it completed scheduled maintenance to help "balance our production against our order book," a company…
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World production of Toyota cars increased in August and January-AugustJapanese Toyota Motor Corp. reported that its car production in Japan reached 196,038 units in August, up 5.6% year-over-year, while overseas production rose 65.1% year-on-year to 570,645 units. , which was the first increase. since March, mainly due to growth in overseas markets, especially in…
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China iron ore price index risesChina Iron Ore Price Index (CIOPI) stood at 360.51 on September 30, up 0.39% or 1.40 points from the previous CIOPI on September 29, according to the China Iron and Steel Industry Association (CISA). . the ore price index was 370.13 points, up 0.76% or 2.78 points from the previous day; the price…
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